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- ADDING MULTIMEDIA Ross-Simons Jewelers Kicks Off New Web Video Series With Celebrity “Stylist to the Stars” Phillip Bloch
- Mintz Levin Ranks in Top Five Underwriter’s Counsel in Q1 2012, According to The Bond Buyer
- S&P Capital IQ Initiates Coverage on Xplore Technologies Corp. in Standard & Poor’s Factual Stock Reports
- A.M. Best Affirms Ratings of Sammons Financial Group, Inc. and Its Subsidiaries
- A.M. Best Affirms Ratings of Sooner Insurance Company
PYMNTS Voice
Commentary » PYMNTS Voice
New Global Payment Schemes: Imitation, the Sincerest Form of Flattery?
Throughout the 1980s and 1990s payment network consolidation in the US and Europe, resulted in a world with only 3 global credit card brands – Visa, MasterCard and American Express, supported by a host of regional/ local debit solutions. However, the desire to avoid the dominance of US brands and expand their domestic card markets, has driven players in China, India and Europe to contemplate their own competitive card schemes to compete with the global dominance of Visa, Mastercard and American Express.
Why the MasterCard and Visa IPOs Were the Most Significant Development of the Last Decade
Why the MasterCard and Visa IPOs Were the Most Significant Development of the Last Decade
Debit Takes the Plastic Throne in the U.S.
Debit Takes the Plastic Throne in the U.S.
What Has a Bigger Head and Longer Tail? Card Issuing
Its head has gotten bigger and the tail longer and skinner. I'm not talking about a scary monster but about the distribution of purchasing volume for the credit and debit card issuers in the United States.
Collateral Damage from the Financial Crisis: Consolidation and Regulation
The decade ended with the start of the most severe financial crisis the world has faced since the Great Depression of the 1930s. In many respects the payments industry was rock solid during the meltdown. The payment systems processed transactions without losing a beat. While consumers faced a real risk that they would find their retirement accounts dry, and not a banker in town would be willing to give them a loan, they had full confidence that they could pay merchants with any tender type that merchant usually took. Pure payments companies such as MasterCard and Visa not surprisingly held their value while most other stocks crashed.
How the World War on Interchange Fees Transformed the Card Industry
A global war on interchange fees raged during most of the decade and will continue into the next. We'll have to wait until next decade to find out who wins the war. But the war itself has already led to massive ramifications for the card business around the globe.
The Decade’s 12 Greatest Developments in Payments: #12 AmEx Goes Global
The payments industry had quite a decade. In a few days we will be saying goodbye to the first decade of the 21st century. What better time to take a look at the events that have shaken up the payments industry since 2000. Back at the turn of the century MasterCard and Visa were bank-owned associations, knee deep in litigation. Debit cards were growing rapidly and online was still a scary frontier with security concerns and fraud. People weren't paying for anything with a mobile phone and contactless payment was still something only used in exotic locales like Hong Kong.
GAO to Congress on Interchange Fee Regulation: Yellow Light
Last week the General Accountability Office (GAO) released it much awaited report on interchange fees. Congress had asked the GAO, the respected investigative arm of Congress, to wade into this battle between merchants and cards systems earlier this year when it passed the CARD Act. There's something for everyone in this report which is why both merchant and cardholder advocates are claiming that it backs their positions. Here's what GAO finds:
PCI Compliance – To Whom Are You Compliant?
A few years ago, in response to a growing number of data security breaches, the major credit card brands formed the Payment Card Industry Security Standards Council (PCI SSC). Since then the PCI SSC has developed a set of security requirements for all businesses that handle payment cards.
Most Popular
- ADDING MULTIMEDIA Ross-Simons Jewelers Kicks Off New Web Video Series With Celebrity “Stylist to the Stars” Phillip Bloch 1 hour ago
- Mintz Levin Ranks in Top Five Underwriter’s Counsel in Q1 2012, According to The Bond Buyer 2 hours ago
- S&P Capital IQ Initiates Coverage on Xplore Technologies Corp. in Standard & Poor’s Factual Stock Reports 2 hours ago
- A.M. Best Affirms Ratings of Sammons Financial Group, Inc. and Its Subsidiaries 2 hours ago
- A.M. Best Affirms Ratings of Sooner Insurance Company 2 hours ago
- Bloomberg Hosts State & Municipal Finance Conference in Chicago 2 hours ago
- Paul Lazar Named Managing Director Wells Fargo Insurance in Alabama and Tennessee 2 hours ago
- GfK Boosts Marketing Science Expertise, Innovation with Senior-Level Appointments 2 hours ago
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- USC Keston Institute Hosts California Bond Forum under Halo of State Legislature’s Historic Action on Water Issues Nov 05, 2009
- 1-800-FLOWERS.COM Announces That It Will Not Renew Its Contract for Third-Party Administration of Its Membership Program and Will Eliminate Data-Passing of Credit Card Information Dec 23, 2009
- Hyatt Place® and Hyatt Summerfield Suites™ Reward Guests with $20 Prepaid MasterCard® Gift Cards Sep 29, 2009
- Heartland Payment Systems Announces New Time for Conference Call to Discuss Third Quarter 2009 Results Oct 30, 2009
- Consumers Entering Holiday Season More Joyful Than Gloomy with Plans to Give; Gift Cards Top the List Nov 16, 2009
- Clinverse Completes $2.2 Million Series A Private Equity Financing Oct 19, 2009
- Fitch: Phibro Acquisition May Create Additional Risk for OXY's Credit Quality Oct 09, 2009
- Experts Available to Discuss Preventing Identity Theft During the Holiday Season Nov 09, 2009
- Transcript: Warren Buffett on What's Next in the Payments Industry Oct 20, 2009
- ICBC, UMPay and American Express Launch China’s First Dual-currency, Mobile Payment Credit Card Nov 11, 2009
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