Despite all of the hype about mobile payments, consumer concerns about security, convenience and where they can use smart phones have yet to be addressed, finds a survey from The 451 Group. Of the more than 4,100 North American consumers polled in December, 84% cited security as the top …

In the relentless push toward compliance with the Europay-MasterCard-Visa (EMV) smart card standard, two critical factors are lagging behind: merchant acceptance and EMV debit. That’s according to executives who spoke Tuesday at a conference in Salt Lake City, Utah, on EMV and mobile payments. U.S. issuers and merchants face an …

No sooner were we going to press with this issue than the U.S. Supreme Court rejected a petition from major merchants and merchant groups that, if it had been accepted, might have thrown the Federal Reserve’s interpretation of the Durbin Amendment into a cocked hat—again. High-court review at a minimum …

Remember 3D Secure? You may be forgiven if you don’t. The password-based technology was all the rage a decade ago as online merchants sought ways to control fraud. But it proved hard to integrate, and merchants complained it interfered too much with customers’ checkout sessions, so it never really caught …

Many merchants speak of the gains to be made by fusing in-store with digital commerce. Now, quick-service and fast-casual restaurants are turning to a variety of hardware to make it happen. CKE Restaurants Inc., parent of the Hardee’s and Carl’s Jr. fast-food chains, and TGI Fridays Inc. are using Microsoft …

Security Notes When we detect air pollution, is the treatment of asthma our first line of defense? When our water supply is contaminated, is it our best answer to boil our water? It is difficult to keep our air and water clean, but that’s our strategic aim, meeting the threat …

Payments 3.0 One thing about the future of payments is assured: The flood of new payments-system ideas won’t slow. This is due to the convergence of four developments in the payments ecology: 1. Software-development tech­nology that allows anyone to code a new payments system; 2. The ability of apps to …

Not all U.S. merchants are going to be ready for chip cards later this year, and that’s going to shift some consumer-fraud risk to acquirers, which have never had to deal with that before. After years of anticipation, the U.S. market begins its transition to the Europay-MasterCard-Visa (EMV) chip card …

Hoping for contactless chip cards? Not likely any time soon. The contact version of EMV is emerging as the clear issuer choice as October’s liability shift approaches. Here’s why. It’s show time for chip cards. With the payment card networks’ so-called liability shift now just eight months away, U.S. general-purpose …

By the end of this year, data security will get a good deal more complex and a lot more expensive. What’s the answer for beleaguered small merchants? There are plenty of articles out there detailing the changes to the newest version of the Payment Card Industry data-security standard (PCI-DSS) that …