Weekly Infobyte: Americans Say That Retailers Bear Responsibility for...
Voters are twice as likely to say that retailers, not financial institutions, are responsible for protecting customers' payment data.
View ArticleRealizing the Value of Same-Day ACH
When same-day ACH credit capability becomes available this fall, it will provide a wide variety of opportunities to add value for business and retail customers alike.
View ArticleABA Spokespeople Field More Than 2,305 Media Calls in 2015
In 2015, ABA’s spokespeople handled 2,305 media inquiries and the association appeared in more than 2,063 stories, according to the ABA Public Relations Year in Review report.
View ArticleBAFT Announces New Hires for Payments, International Policy
BAFT, ABA’s international finance subsidiary, announced today that it has hired Samantha Pelosi as its new SVP for payments and emerging technology and John Collins as its VP for international policy.
View ArticleFaster Payments Task Force Capability Showcase Now Open
The Federal Reserve’s Faster Payments Task Force is inviting payment innovators to submit capabilities that can support end-to-end faster payments solutions to its Capability Showcase, a web forum...
View ArticleABA Report: Banks Stopped $11 Billion in Fraud Attempts in 2014
The nation’s banks stopped more than $11 billion in fraudulent transactions in 2014, according to ABA’s 2015 Deposit Account Fraud Survey Report released today.
View ArticleStudy: Mobile Payments Fast, Convenient, but Security Concerns Remain
Consumers are turning to mobile payments options for speed and convenience, though many have concerns about the security of their personal information, according to a new issue brief by the Pew...
View ArticleFed Issues Update on Faster Payments Initiative
Having convened stakeholders from across the public and private sectors and outlined criteria for effectiveness, the Federal Reserve’s “faster payments” initiative will in 2016 begin assessing...
View ArticleReport: Costs of Cybercrime on the Rise
The median cost of cybercrime has increased by nearly 200 percent over the past five years -- costing the global economy approximately $450 billion each year -- and will likely continue to grow,...
View ArticleStudy: Consumers Want Retailers to Provide Safer Payment Choices
An overwhelming majority -- 82 percent -- of consumers feel they should have a choice about what type of payment technology they use to make retail purchases, according to a survey released today by...
View ArticleVisa: 2015 Was a ‘Watershed’ Year for EMV Adoption
Adoption of EMV chip technology among both retailers and consumers grew exponentially in 2015, according to new data from Visa.
View ArticleNichols Makes the Case for Responsible Fintech Regulation
A responsibly regulated fintech industry is essential for ensuring consumer protection and allowing for greater cooperation between banks and alternative financial service providers, ABA President and...
View ArticleIt’s All About the Blockchain
Amid the hoopla over bitcoin and other virtual currencies, it’s the underlying documentation platform that’s revolutionizing transactions.
View ArticleABA Report: Credit Card Access Continues to Expand in Q3
New credit card accounts rose 16.5 percent year-on-year in the third quarter of 2015 to total 78.9 million, according to the latest edition of ABA’s Credit Card Market Monitor released today.
View ArticleABA’s Sharp: Consumers Deserve Safest Payment Systems
ABA’s Card Policy Council today called on all consumer-facing industries to implement the latest payment protection technologies and data safeguarding practices, including activating chip card readers...
View ArticleABA Op-Ed: ‘Strong Security Standards Are in Everyone’s Interest’
The retail industry’s continued emphasis on static technologies impedes innovation and stands in the way of consumer protection, said ABA SVP Jess Sharp in an op-ed in The Hill today.
View ArticleFed Taps McKinsey for Faster Payments Task Force
The Federal Reserve announced today that it has selected McKinsey & Company to support its Faster Payments Task Force by assessing proposals for comprehensive faster payments solutions from...
View ArticleAgencies Issue Guidance in Response to SWIFT Compromises
In the wake of high-profile compromised communications in the SWIFT communications network, the federal banking agencies issued guidance alerting banks to specific risk mitigation techniques that can...
View ArticleCourt Rejects Agreed-Upon Settlement in Visa, MasterCard Case
An appellate court today rejected the settlement in which Visa, MasterCard and credit card-issuing major banks agreed to pay $6.05 billion to settle a long-running lawsuit by retailers alleging the...
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