Monday , July 16, 2018

John Stewart

Starting as an editor on Bank Network News at Faulkner & Gray, John ultimately played a key role in starting, editing, and publishing many of F&G's flagship publications, including Credit Card Management, Card Technology, Card Marketing, and Collections & Credit Risk. Before co-founding Boland Hill Media, John was a group publisher at Thomson Media responsible for a $10 million division embracing magazines, newsletters, and Web sites.

Breach Epidemic May Fuel Fraud, But It’s Also Driving a Search for Password Alternatives

The password is one of the oldest authentication tools known to man, and now it is rapidly becoming the least respected among security experts for use online or in-app. Consumers’ use of easily guessed codes, coupled with a recent barrage of data breaches, has these experts predicting passwords will fade …

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An Appeals Court’s Decision Puts Interchange in Play, With an Unpredictable Outcome

The sweeping 4-year-old settlement between card networks and banks on the one hand and merchants on the other, which the U.S. Court of Appeals for the Second Circuit overturned Thursday, covered a lot of ground. But the case the agreement grew out of had as its central focus credit card …

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Uncertainty Shrouds Huge Interchange Settlement After Appellate Court’s Stunning Veto

A federal appeals court on Thursday threw out a massive agreement initially reached four years ago over card-network interchange and acceptance rules, drawing a sudden veil of uncertainty over crucial legal matters much of the payments industry had thought were all but settled. In a 41-page opinion studded with sometimes …

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SWIFT Attracts 73 Banks Worldwide for Cross-Border Payments Initiative As Pilot Unfolds

The U.S. rollout of EMV is just one chapter—albeit a major one—in an unfolding international payments story, but another one is taking the stage that could have important implications both for faster payments and cross-border transactions. SWIFT, the Belgium-based international financial-messaging organization, announced on Tuesday that 73 financial institutions worldwide …

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Microsoft Introduces a Windows 10-Based Mobile Wallet With NFC Capability

Microsoft Corp. on Tuesday joined the mobile-payments race in earnest by announcing it is making near-field communication capability available on Microsoft Wallet for in-store transactions. The wallet works with Microsoft’s Windows 10 operating system. The new payments feature is limited for now to members of Microsoft’s Windows Insiders program “in …

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MasterCard Joins Visa in Easing EMV Testing And Chargebacks for Merchants

MasterCard Inc. on Monday is releasing a new policy aimed at speeding the testing and certification of EMV chip card terminals at U.S. merchant locations. The policy change, which the Purchase, N.Y.-based network says will cut test time to a few hours from as much as a couple of weeks, …

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Facing a Rocky EMV Transition, Visa Touts Chargeback And Certification Breaks

Even the most fervent advocate of EMV would have to admit the U.S conversion to chip cards has been a rocky one, especially for merchants. On Thursday, Visa Inc. announced a four-part plan it clearly hopes will remedy at least some of the more acute headaches, including certification backlogs and …

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Volatility Works in Bitcoin’s Favor As the Digital Currency’s Value Surges to a Two-Year High

Long-time payments players who like to scoff at Bitcoin as an unproven payments instrument will have to reckon with the robust vote of confidence buyers and sellers of the 7-year-old digital currency have given it over the past few days. Bitcoin’s U.S. dollar value breached the $700 level late Sunday …

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Mobile, Breaches, Gift Cards, In-Store Pickup Among Trends Driving Online Fraud

Forecasters have long predicted that the U.S. payments market’s move to EMV chip cards for in-person transactions will drive criminals into e-commerce fraud. Now data is emerging to show the nuances these fraudsters are exploiting, and how the rise in online fraud is hardly limited to the U.S. market. In …

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Did a May Meeting With Durbin Staffers Prompt Visa to Back off on Its New Fee?

The payments industry may never know for sure what prompted Visa Inc. to back off on a potentially lucrative new fee aimed at issuers planning to defect to other networks. But a clue to the decision emerged Wednesday when U.S. Sen. Richard Durbin’s office issued a statement celebrating the move …

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