Click here to download this article as a PDF. Introduction As with conventionally delivered financial services, consumers using branchless banking services face risks and challenges as well as benefits. Transformational branchless banking heightens the consumer-related concerns of regulators and supervisors, because it combines the...
Click here to download this article as a PDF. Even as the Federal Reserve steps up to regulate interchange, the payment technology industry and some merchants are hoping for a government intervention to mandate EMV in the United States. The reference to fraud prevention technology...
Click here to download this article as a PDF. Introduction In the past year, the topic of secure payments and secure payment cards (i.e., microprocessor-based EMV smart bank cards) has become one of the most discussed technology shifts in the U.S. banking industry. For...
Click here to download this article as a PDF. Introduction This article provides a look at social commerce – the intersection of social networks and consumers’ shopping processes – covering the pain points driving retail interest in social commerce and where it’s headed in...
Click here to download this article as a PDF. In describing electronic payments, observers often speak of the “network effect.” The network effect – a powerful catalytic force that grows participants on both sides of a platform at the same rate – is often synonymous...
Click here to download this article as a PDF. Introduction On June 28, 2010, the Financial Crimes Enforcement Network (“FinCEN”) issued its much-anticipated proposed rule addressing prepaid cards and stored-value (the “Proposed Rule”). [1] FinCEN is seeking to amend its regulations, which implement the...
Click here to download this article as a PDF. Introduction Despite the recent economic crisis, lagging unemployment and lingering consumer doubts about the economy, one bright spot has persisted in the retail landscape: eCommerce has continued to grow as a major force in global...
Click here to download this article as a PDF. Introduction Many Americans, feeling chunky and lethargic from their Thanksgiving to New Year’s Eve eating binges, will be making resolutions to exercise more and eat less during 2011. Some will sign up for a health...