Bank Systems & Technology – On the road to electronic wallets and true mobile payments, the contactless payment is a necessary stopover, according to an April report by Javelin Strategy & Research (Pleasanton, Calif.). “Don’t mix up contactless and mobile payments,” warns Javelin president James Van Dyke. “One is a short-term stop; the other, the [...] ...
Digital Transactions – But experts point out that consumer adoption remains an unanswered question about contactless technology. Though U.S. banks have over the past three years issued almost 25 million credit and signature-debit cards with contactless functionality, some observers contend actual usage is very low. “We’re not able to find anybody who’s really using this [...] ...
SearchFinancialSecurity.com – FraudNet addresses the growing problem of existing account fraud, said James Van Dyke, president and founder of Javelin Strategy & Research, which focuses on the financial-services market. Of the 8.1 million identity fraud victims last year, two-thirds involved cases of existing account fraud, according to a study released earlier this year by Javelin. [...] ...
More congressional hearings this week on all things card industry, with a primary focus on interchange. I’m wary of a Congress that decides to place pricing controls where [I think] the market should be determining pricing (e.g. interchange…), but I’m also wary of the credit card industry’s inability to separate the business model of interchange [...] ...
Are uber-identity systems ready to be driven by private enterprise? Clear may have a shot at being the first to prove the concept on a mass scale.
I love my new Clear card,, which allows me skip past those long airport security lines for $100 per year. All three Bay Area airports now are equipped [...] ...