July 15, 2011
Consumer Protection Act — Sec. 1075. Reasonable Fees and Rules...
(a) IN GENERAL.—The Electronic Fund Transfer Act (15 U.S.C. 1693 et seq.) is amended— (1) by redesignating sections 920 and 921 as sections 921 and 922, respectively; and (2)...
July 15, 2011
New Interchange Reform, Minimum Purchase and Discounting Options
On July 21, 2010 President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law (P.L.111-203), ushering in sweeping reforms of the banking industry including reforms of...
July 15, 2011
Tick Tock Goes the Durbin Clock- Eight Months to go...
The Durbin clock is ticking. A week from today the Fed will only have 8 of its 9 months left for some of the most sweeping price regulation the economy...
July 14, 2011
Sophisticated Hackers Threaten Security Models
Research and Markets (http://www.researchandmarkets.com/research/456dee/seventh_annual_car) has announced the addition of Javelin Strategy & Research’s new report “Seventh Annual Card Issuers’ Safety Scorecard: Sophistication of Hacker Attacks Threaten Traditional Security Models” to...
July 11, 2011
Development Implications of Mobile Money
[This paper is based on presentations by the author at The Macroeconomics of Mobile Money Conference at Columbia Business School, April 2, 2010, and at the United Nations Commission on...
June 25, 2011
Session 5: Meeting Mobile and Social Commerce at the POS
Highlights – Why merchants have a say in what gets adopted and when – How mag stripes and mobile co-exist (and if they will) – Why extending existing point of...
June 23, 2011
Session 3: Igniting Mobile Payments – Who’s Doing What and...
Session Highlights – How consumers use mobile phones today and what their expectations are for how they should be used – What are the barriers to merchant and consumer adoption...
June 20, 2011
EPC Leader: mPayment Stalling in Europe
The Father of SEPA, the European Payments Council recently issued its proposed plan for achieving interoperability of mobile contactless in Europe. Dag-Inge Flatraaker, EPC’s M-Channel Working Group Chair, spoke with...
June 20, 2011
First Data TransArmor Reduces PCI Scope
Download the whitepaper Organizations who handle payment card data are obligated to comply with the Payment Card Industry Data Security Standard (PCI DSS). Any device or application that process, transmits,...
Generative AI tools like ChatGPT have been game-changers across multiple industries, and digital fraud is no exception. The “Credit Union Tracker®,” a collaboration with PSCU, explores how fraudsters are using AI to target credit unions on an unprecedented scale.
