The near ubiquity of smartphones and tablets is affecting consumers’ shopping habits, as a new Harris Poll points out certain technology preferences consumers have in buying stuff online. Still, consumers have their preferences on what to buy in stores as well, and age differences also...
Android devices have a bigger market share overall in the smartphone market, but a way bigger fraud problem too – three times as much as Apple does, in fact. That will surely hit merchants doing business with consumers via mobile right where it hurts. That’s...
The elephant in the EMV room: why should merchants even bother upgrading their terminals when mobile payments are what merchants really want? Well, because EMV is here, whether we like it or not. Gemalto, in a new report, examines the “myths” circulating about EMV and...
There is no doubt that the Target breach was the catalyst for igniting EMV in the US. But why did it take such an extreme event to move merchants and issuers into an EMV frame of mind? In a recent podcast interview, MPD CEO Karen...
By the time the card networks’ EMV liability-shift deadline takes effect in October next year, potentially far less than half of the nation’s cards and payment terminals will comply. Legislation and various controversial issues, such as whether to support PINs or signatures for authentication or...
Host Card Emulation (HCE) has been hailed as the cloud-based fix for what ails secure mobile payments. But while HCE solves one problem, it still lives in the cloud. Suppose cloud connectivity were unavailable or lost? In a recent podcast interview, PYMNTS spoke with Shaunt...
Don’t “over-rule” your fraud system. Don’t let the 95 percent suffer at the hands of the 5 percent who shouldn’t have to. Oh, and think you can substitute good employees for good documentation? Think again. These are but 3 of the 10 fraud solution “no-no’s”...
It's the big question being asked in the post-Target breach environment: How do we stop the next one? As Carolyn Balfany, senior vice president of U.S. product delivery at MasterCard, points out, the reality is that there's no single solution. A proactive, multi-pronged approach, however,...
EMV has long been touted as a superior solution for controlling fraud at the physical point of sale, but critics say that it just moves fraud online where EMV is totally ineffective. However, a new analysis of the EMV migration in the U.K. points to...
