The case against it is mostly fallacious. The one for it is unavoidable. By the late 1980s, MasterCard was removing humans from the authorization cycle, replacing them with modems. By the 1990s, the Internet was connecting the last mile to merchants, replacing modems with instant authorization. Will the 2020s be …

The explosive popularity of peer-to-peer payments has led to increasing complexity in dispute resolution. Here are some suggested improvements. For the better part of 40 years, payment types and the industry’s main players have remained relatively consistent. However, today’s payments landscape is experiencing significant change due to the rapid adoption …

Digital currencies like Bitcoin have been beset for years by a limited user base and merchant indifference. As mainline players like Visa and PayPal create new services, is that about to change? Dust off any textbook on economics and you’ll find, buried somewhere in the early pages of the tome, …

The combination of restrictions on in-store visits and concerns about the safety of cash has been a boon for digital payments. But not all agree cash’s reign is over. Cash is resilient. So are electronic payments. Cash been around for millennia and exists as paper currency and coins. It also …

It has been fashionable in the payments industry to dismiss cryptocurrencies as exotic flora and fauna that can’t begin to compete with the sturdiness of, shall we say, real money. And indeed, the oldest crypto coins have been in operation now for more than a decade with little to show …

Fifteen months after suspending its popular Visitor Toll Pass program due to travel restrictions placed on tourists moving through Orlando International Airport during the Covid pandemic, the Central Florida Expressway Authority on Wednesday rebooted the program. The Visitor Toll Pass, which debuted in May 2019 and was suspended in March …

Global payment transaction volume authenticated with EMV 3-D Secure 2.0 increased 1,667% in the first quarter year-over-year, according to Outseer’s latest quarterly fraud and payments report. The same type of volume authenticated with the previous version of EMV 3-D Secure increased 59% for the same period. Outseer is an authentication services provider.Payments …

As interest grows in cryptocurrency, financial-services providers are taking note. The latest is Fiserv Inc., which announced on Thursday that financial institutions it works with will be able to allow their customers to buy, sell, and hold Bitcoin via their bank accounts. The capability is enabled via an integration between …

Plenty of reports since the onset of the Covid-19 pandemic have documented how consumers have responded by shifting to e-commerce—some for the first time—but few reports break out the impact on the mobile segment of that number. It turns out the pandemic has spurred considerable shopping by mobile-phone users, as …

The global shortage of semiconductors that has impacted myriad industries that use the chips, from automakers and electronics manufacturers to defense contractors and even soap manufacturers, is poised to affect payment card manufacturers, the Smart Payment Association announced Monday.  Bottlenecks in the chip card supply have become so acute that …