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
Post Tagged with: "Target"
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
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
Another day, another retailer hacked — and more should be expected in the days to come, according to a financial security expert.
A blog from the Atlanta Fed implies that consumers are negligent in their payment security practices. The opposite appears to be true.
The clock is ticking on EMV adoption, but one bank, at least, is ready.
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
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
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
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