While consumer acceptance of mobile wallets has been painfully slow for wallet developers such as Apple Inc., new survey results from the nation’s largest mobile carrier show consumers are quite willing to use mobile apps in some form to buy things. Some 23% of smart-phone owners last year used an …

If history is any guide, card-not-present fraud will spike now that EMV has officially arrived in the United States. Can a growing array of fraud-prevention technologies stem the tide? When it comes to plying their deceptive trade, fraudsters exploit the weakest link in the security chain. With the EMV chip …

By John Stewart Acting in response to comment from the industry, the PCI Security Standards Council has extended a key security deadline for payments processors, merchants, and banks by fully two years. These players now have until June 30, 2018, to stop using Secure Sockets Layer (SSL) encryption and instead …

The low cost and convenience of peer-to-peer payments may be ready to cannibalize a portion of the traditional wire-transfer market, according to a new report from Javelin Strategy & Research. The report also finds that mobile P2P is important to all consumers, not just Millennials, often considered the most likely …

By John Stewart It operates so much in the background that many payments professionals may not have noticed, but the automated clearing house network is on a hot streak. The 41-year-old system notched a 5.9% year-over-year increase in transactions in the quarter ended Sept. 30, reaching a total of 4.83 …

Just like law-abiding consumers, criminals hope to score good deals during the holiday shopping season. And luxury items and business services, such as hosting plans and search engine optimization, top their lists, finds an analysis by Forter, a San Francisco-based fraud-prevention specialist. In a report released on Monday, Forter analyzed …

An old Paul Newman movie features a government official leaving his office for a moment. His visitor finds on his cluttered desk some confidential information, intended for her eyes. The official has arranged it so he cannot be convicted of handing over any secrets, even though he has. In today’s …

With much of its international business under pressure because of the strong U.S. dollar and weak economies in many countries, VeriFone Systems Inc.’s North America region once again proved to be the point-of-sale hardware and payments software provider’s saving grace. Powered by the U.S. conversion to EMV chip card payments, …

  Only 42% of consumers would consider or have already bought wearable technology. That’s one result from a Bank of America Corp. survey of more than 1,000 U.S. adults. Wearables garner much attention because of their mobile-payments capabilities. These devices—mostly watches—enable consumers to make mobile payments without using a smart …

Mobile peer-to-peer transfer has led to ubiquitous, real-time payment in a social context. But can anyone make any money in this business? Nobody can say for sure when the first electronic person-to-person payment took place, but payments historians are pretty sure they can pinpoint the first official P2P transfer using …