Regulation

New iPhone A Little Too Secure For The Federal Government
October 01, 2014

Anyone who has ever said that there is no such thing as too much security when it comes to data on mobile devices has clearly never worked for federal law enforcement. U.S. Attorney General Eric Holder followed up the announcement of his resignation last week...

News
U.K. Card Fee Controversy Could Cost MasterCard $1.6B
September 30, 2014

MasterCard’s European woes over interchange just keep on coming as WM Morrison Supermarkets Plc is leading a group of U.K. retailers that are hoping to add more than a $1 billion in damages from MasterCard Inc. in their antitrust suit over payment fees, reports Bloomberg....

Controversial
How Banks Can Survive In A Post-2020 Payment Market
September 29, 2014

What a payment represents in 2020 will be much different from it does today, as it will represent much more than just the settlement of a transaction or the movement of funds. In fact, the market transformation has already begun, new research results suggest. Get...

B2B Payments
The Fed Wants To Clean Up Token Confusion
September 29, 2014

The Federal Reserve Banks of Boston and Atlanta applaud the many efforts to standardize payment tokenization, except the part that there are in fact so many such efforts. The potential for confusion and, much worse, standards conflicts undermining token efforts—especially in mobile—is a great concern...

Mobile
Fed Sets Up Tokenization Workgroup
September 26, 2014

The Federal Reserve Bank of Boston has created a working group to study the implications of using digital account tokens to replace card numbers, for both in-store and E-Commerce use. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Mobile
Are We At Risk Of An “Armageddon-type Cyber Event”?
September 23, 2014

Benjamin Lawsky, the New York State Department of Financial Services chief, has decided he needs to shake things up a little if he wants financial executives to take cyber attacks seriously. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

News
SEC Investigates Western Union Over Digital Revenue Projections
September 19, 2014

Securities fraud charges may be leveled at Western Union if an SEC investigation confirms reports that the world’s largest money-transfer company misled potential investors about how much revenue it expected from its digital unit. Get the Full Story Complete the form to unlock this article...

Connecticut AG Concerned About iWatch Security
September 19, 2014

Connecticut’s attorney general has written Apple CEO Tim Cook directly over concerns that user data could be at risk when consumers use their iWatch, particularly when health data is involved. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Mobile Commerce
Skrill To Directly Challenge PayPal With Launch Of Marketplaces
September 18, 2014

Skrill is going after digital marketplaces today with the launch of its own payments solution Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...