Mobile Point of Sale Solutions Could Increase Consumer Card Payments By More $1 Trillion A Year, Study Says April 30, 2013A new report by Javelin says there are nearly 20 million merchants who could start accepting card payments as a result of wider adoption of mobile POS solutions. EMV Implementation: Who Is Ready? April 09, 2013With EMV deadlines approaching, merchants, acquirers, issuers and consumers are all going to be affected as new merchant terminals and messaging protocols must be developed and customers need to be educated about what EMV will mean for them. USAA, Credit Unions Rule the Customer Experience Roost April 05, 2013Overall, the banking industry has improved in customer experience, according to the annual Temkin Experience Ratings. Javelin Forecasts Big Growth in Mobile Payments By 2018 April 03, 2013Javelin released a report today forecasting payments trends at the point of sale over the next few years, with growth expected in mobile payments and further decline in cash and checks. USAA and American Express Best In Credit Card Customer Experience, Survey Finds March 25, 2013The 2013 Temkin Experience Ratings announced today evaluated 10 major credit card issuers for customer experience, with American Express and USAA tied for the top spot. Adaptation is Key for Banks to Succeed March 20, 2013A report from Equifax says that banks need to change how they define themselves internally and externally and adapt their mindset, operations, products and services to better meet customers’ evolving wants and needs.
PayPal Introduces Mobile Point of Sale Solution For iPad March 14, 2013PayPal launched an iPad version of its PayPal Here mobile mobile card reader solution that competes directly with Square’s card reader. The Mobile Wallets Race: Placing Multiple Bets March 12, 2013Experts at BAI Payments Connect agree that several wallets will emerge successful from the mobile wallets race, and banks need to make multiple partnerships to stay ahead of the market. As Mobile Reshapes Payments Business, Fiserv Combines P2P Payments & Mobile Banking Offerings March 07, 2013Fiserv's integration of Popmoney and Mobiliti is intended to enhance the functionality of mobile banking while expanding reach of Popmoney payments network. 8 Model Banks of Note March 01, 2013Analyst and research firm Celent recently hosted its annual model bank awards. Here we highlight some of the notable winners. How to Make The Jump from Mobile Commerce to Mobile Wallets February 26, 2013Mobile commerce is on the rise but providers need to offer an enhanced customer buying experience to get consumers to pay with their mobile devices at the point-of-sale. Visa and Samsung Partner to Deliver NFC Capability to Banks’ Mobile Offerings February 25, 2013A new partnership between the credit card company and mobile manufacturer will allow banks to load payment account information on to Samsung NFC-enabled phones. Oracle Launches New Compliance and Risk Management Solutions February 22, 2013New Oracle Financial Services Foreign Account Tax Compliance Act Management targets pending FATCA requirements; expanded Oracle Financial Services Enterprise Risk Management suite addresses challenges around stress testing and model risk management. PayPal Targets European Mobile Payments Market February 22, 2013The payments company is releasing a Chip-and-PIN version of its mobile credit card reader in the U.K.
Identity Fraud at a Three-Year High February 20, 2013A report from Javelin Strategy & Research finds that more than $21 billion was stolen due to identity fraud in 2012.
American Express, Twitter Partner on Purchasing February 12, 2013The company has expanded its partnership with Twitter, which previously consisted of a daily deals program, to include the ability to buy products.
Google Expected to Win Mobile Wallet Wars, Study Finds January 30, 2013A new survey released yesterday by ACI Worldwide found that the majority of retail professionals involved said Google would beat out PayPal and Isis in the mobile wallet wars. Delaying EMV Migration Risks Significant Losses for U.S. Issuers January 25, 2013U.S. card issuers who delay migration to EMV face a rapidly increasing risk of loss, largely due to the impact of fraud migrating from countries where EMV deployment is more advanced. U.S. issuers should begin to make preparations now. Early EMV Compliance Benefits U.S. Merchants January 16, 2013Even though the deadlines for merchants to comply with EMV are a few years off businesses can save money and prevent fraud if they accept EMV as soon as possible. PayPal's President Weighs in On Payments Disruptions Coming in 2013 December 18, 2012David Marcus, PayPal's president, offered up his predictions for the innovations to come in the payments in 2013 yesterday on PayPal's blog.