Post Tagged with: "Target"

Moribund MCX Delays Rollout, Cuts Staff

Moribund MCX Delays Rollout, Cuts Staff

by May 17, 2016 at 11:21 am 2 comments

Just a day after Walmart Pay began its rollout, troubled mobile payments consortium MCX announced it was just about shutting down. MCX, formally the Merchant Customer Exchange, announced yesterday it was laying off 30 employees and delaying, yet again, the launch of its mobile payments platform, CurrentC. Announced in 2014 as aRead More

MCX Is Dead (Again) Thanks to Target Pay

MCX Is Dead (Again) Thanks to Target Pay

by December 18, 2015 at 12:37 pm 1 comment

MCX: It’s alive! It’s dead! It’s alive again! Actually, does the recent news about a forthcoming Target Wallet, announced just a week or so after Walmart Pay, means it’s really and truly dead? MCX and its long-promised app, CurrentC, have delayed coming to market for so long that it’s becomeRead More

When Will Mobile Wallets Be Commonplace?

When Will Mobile Wallets Be Commonplace?

by October 20, 2015 at 10:58 am 0 comments

Not long ago, debit cards were a relatively small percentage of the total payment card volume. I had a friend who made a prediction each January that, “This was the year that debit cards would take off.” I asked him why he kept making the same prediction each year, onlyRead More

Expect More Card Fraud as Liability Shift Approaches

Expect More Card Fraud as Liability Shift Approaches

by September 3, 2014 at 11:14 am 1 comment

Another day, another retailer hacked — and more should be expected in the days to come, according to a financial security expert.

Atlanta Fed Hits Wrong Note on Payment Security

Atlanta Fed Hits Wrong Note on Payment Security

by June 23, 2014 at 10:43 am 2 comments

A blog from the Atlanta Fed implies that consumers are negligent in their payment security practices. The opposite appears to be true.

SunTrust Rolls Out EMV Cards — Way Ahead of Schedule

SunTrust Rolls Out EMV Cards — Way Ahead of Schedule

by June 20, 2014 at 11:42 am 1 comment

The clock is ticking on EMV adoption, but one bank, at least, is ready.

FIs Web Traffic Grows Faster Than Even Top Porn Site

FIs Web Traffic Grows Faster Than Even Top Porn Site

by May 12, 2014 at 3:27 pm 0 comments

The largest financial services websites saw substantial year-over-year traffic growth last month, according to new data released today. This growth came as traffic at some of the other Top 50 websites in the nation fell, including at PornHub.com, the largest online porn site, Netflix.com and Walmart.com. Well, the financial servicesRead More

Amex Shows the Dark Side of Security Hype, Just in Time for Christmas

Amex Shows the Dark Side of Security Hype, Just in Time for Christmas

by December 24, 2013 at 10:44 am 0 comments

The recent Target credit card scandal has colored last-minute Christmas shopping with fear — fear of security breaches and lackluster controls and privacy. No doubt, American Express should add to that fear. The federal government today slapped American Express — officially the company’s American Express Centurion Bank — with more thanRead More

Put in Perspective, the Target Credit Card Breach Could Have Been Worse

Put in Perspective, the Target Credit Card Breach Could Have Been Worse

by December 20, 2013 at 10:44 am 0 comments

Target sure is living up to its name. The news yesterday that the megastore’s point-of-sale systems had been compromised and as many as 40 million cards exposed to possible fraud came at a bad time for the store and the economy as a whole. The weeks leading up to ChristmasRead More

Plug and Pay: A Gallery of 26 Mobile Card Readers

Plug and Pay: A Gallery of 26 Mobile Card Readers

by August 20, 2013 at 10:52 am 4 comments

Dongles, dongles everywhere. Since the launch of Square’s lozenge-shaped credit card reader in 2010, dongles to process credit card transactions have proliferated with ecstatic abandon. Many are free. Many are odd-looking. Most are black. We’ve corralled a wide sampling of them here for your viewing pleasure. Have we missed aRead More