Emerging payment technologies will gain ground in 2017. Some represent competition and risk for banks, but others may help them get in on the action.
Given increasing fraud threats, U.S. retailers need to begin now to transition to EMV chip-and-PIN card acceptance.
BITS executive John Carlson says the financial services industry must collaborate closely with outside constituencies to mitigate fraud and security issues in mobile payments.
By proceeding cautiously in mobile banking, banks are following the same prudent course they pursued with remote deposit capture.
Panelists at the upcoming BAI Payments Connect say the fragmented P2P market needs to evolve to a bank-centric model.
Although remote deposit capture (RDC) for commercial use has soared in recent years, banks remain cautious about offering the service to consumers. Mobile RDC should revise that outlook.
Bankers Dominic Venturo and Marc Warshawsky discuss the promise and difficulties related to developing and implementing a mobile wallet payment solution.
Visa’s new push for chip payments technology, combined with recent regulatory restrictions on debit interchange, will likely spur improvements in payment card security