I’ve explored how invisible engines drive innovation and transform industries. I’m now going to explain how they will do that in the payments industry. This entry explains why the payments industry needs a catalyst to ignite innovation. Get the Full Story Complete the form to...
Steve Mott is CEO of BetterBuyDesign.com, a virtual investment and consulting company specializing in brokering high technology ideas for the Digital Transaction Economy. Steve and a syndicated group of consultants provide advice and development expertise to e-business clients ranging from small startup firms to VCs to...
Stop me if you’ve heard this one: A Martian travels to Earth and examines the U.S. payments system. He is perplexed by the dogged persistence in using a 40-year-old technology for payments cards by a nation that, in the same period, landed men on its...
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An Adeptra poll of banking industry executives found that more than third (36%) said the incidents of cases of fraud they were handling had increased and a further 20% said that it was a priority to speed-up reaction times to prevent potential fraudulent transactions. Almost...
U.S. merchants are incurring $191 billion in fraud losses each year, according to a report released by LexisNexis® Risk Solutions. Among the findings, the 2009 LexisNexis® True Cost of Fraud Benchmark Study discovered that merchants must absorb nearly 10 times the identity fraud cost incurred...
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...
Discover ranks best in identity fraud detection among the top 25 U.S. credit card issuers in Javelin Strategy & Research’s yearly assessment of identity safety in the credit card industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
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...