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Posted: May 11, 2016
Comments: 0
Author: Paul Castner

Last week we posted an article on The Payments Review (TPR) about the evolution of Apple Pay that cited statistics showing that the number of users who try Apple Pay at the point of sale (POS) is increasing, but that as a POS payment alternative to cash or a card swipe, it has been slow to catch on.  However, in app purchases, according to the TPR article, is where the action is for Apple Pay and it is seeing the biggest gains in usage and transactions. 

 

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Posted: May 11, 2016
Comments: 0
Author: Paul Castner
7 in 10 Americans have at least one chip card in their wallet. Is it your credit union's? The transition is moving along about as expected but will quite possibly take years until all cards are EMV enabled according to some payment industry experts.  A major area of concern is with payment terminals, as many retailers, both large and small, have been slow to upgrade due to the cost of the hardware and software needed to make chip cards work in their stores.   Learn more from CSCU's director of consulting services, Barney Moore, in a CU Journal article: Six Months In, Are Card Issuers Seeing EMV's Effect on Fraud?

 

 

 

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Posted: May 11, 2016
Categories: Credit Cards, EMV, Fraud
Comments: 0
Author: Lou Grilli

Several changes have been put in place at the beginning of this year for the Account Data Compromise (ADC) program for MasterCard issuers seeking recovery in the case of breach. And one big new change is coming on June 1st of this year.

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Posted: May 4, 2016
Comments: 0
Author: Tom Davis

Apple Pay made headlines when it launched back in September 2014.  Many analysts celebrated, hailing the introduction as the advent of mobile payments. In reality, Starbucks was already successful with their mobile payments app, Uber was accepting payments in-app, and Disney had rabid fans paying for Mickey balloons and Mickey Ice Cream Bars using their Magic bands, years before Apple Pay launched.

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Posted: May 3, 2016
Comments: 0
Author: Lou Grilli
It was back in 1999 that many articles were written predicting that the United States would run out of phone numbers, driven by the then fresh surge of cell phones, fax machines, and virtual numbers.  The solution at the time was area code splits and overlays, but neither was very popular. And, it wasn’t that we were really running out of individual numbers.  After all, 10 digits yields some 10 billion unique combinations.
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