EMV chips in credit and debit cards slow fraud, but don’t stop it. Tokenization promises to bolster consumer protections.
After more than a year of chip credit and debit cards in the U.S., the transition shows sure signs of progress.
The world’s nations look up to America for financial leadership. But in the realm of e-invoicing, it’s a different story.
Card providers can’t stop government regulation on interchange fees. But they can focus their card portfolios to make them more personal, productive and nimble.
Even as the U.S. makes initial moves towards a real-time payments system, industry experts acknowledge that the transformation will be slow.
Although regulatory authorities are tempted to over-reach when designing faster payments systems, they would be better off encouraging competition and market forces.
To reverse their declining share of mobile bill pay customers, banks need to view bill pay as a customer retention tool with long-term revenue-generating possibilities.