I recently addressed MasterCard’s U.S. Markets meeting, Connections, in Los Angeles, about the latest version of our credit/debit work, the completed version of which should be ready next quarter. A good summary of the major findings is in this interview I gave to the McClatchy papers.
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Payments card security is always a topic of conversation among financial services professionals, but in the last year it has taken on a new dimension: with the imminent transition to EMV in the U.S., and the announcement of Apple Pay, more and more executives are thinking about the topic. Shirley Inscoe and our friends at
Turns out my friend Julie Conroy of Aite picked a good date to publish her piece on mobile malware, what with the Apple (and MasterCard) announcement and all. Thoughts from our readers on this issue would be welcome in this corner.
It’s not just merchants who are going omnichannel: so are the bad guys. My friend Julie Conroy at Aite is due tomorrow to publish a paper that shows how fraudsters are adapting malware, their favored tool in the wired world, to mobile devices. According to Julie, unique mobile malware strains released between this year and
Big news in the payments world revolves around a strong push from the World Bank for “digital payments”—or cashless payments. From the consumer’s point of view, the global card networks are going to be central in the digitization of cash in the future. The occasion for the World Bank push is the release of a
Sometimes, handing over that $5 in cash is too much for young American consumers, and they reach for the card instead. This is the news from a survey by CreditCards.com. Talking to nearly 1,000 American adults who have credit cards, one in three usually uses a credit card or debit card for in-person purchases of
Our July MasterCard study on community-based banks showed that customers are everything. Even in a post-recession economy, a clear customer strategy trumped deposit size and overall scale as the U.S. banking industry pulled out of the abyss of 2008. This is the last in our series of posts on that study and it details the