Solving the problem of excessive write-offs

The issue of excessive write offs in credit card disputes remains a source of constant and growing irritation.  Think of a dripping faucet or a leak in car tire.  It’s not the biggest problem you might have, but it sure is inconvenient.

Global Industry Compliance - Mandate for Change

The previous decade witnessed extensive mandated changes to the banking payments market – and this decade sees this trend continue.  Government legislation in payments has explicit and direct intentions; however, the consequences can sometimes be quite different from what is intended.  Additionally, regulation occurring in one major market or region will often be the precursor to regulatory changes in other geographies.

 

EMV: What does it mean for Acquirers?

With Visa’s recently announced U.S. EMV initiative, massive infrastructure changes loom on the horizon for card acquirers.

EMV: What does it mean for Issuers?

The EMV ball is starting to roll in the U.S., and the EMV specifications will affect all actors in the existing payment scheme – from issuers, acquirers, merchants to consumers.

EMV: Let the planning begin

There’s no way around it – EMV transition planning will be complicated. However, while EMV is a complex specification, the good news is that it can grow over time.

Why EMV?

Why does the world care about EMV? The first, second and third reason is about stemming fraud losses.

EMV: Paving the road to mobile NFC

Why is the U.S. the last holdout to adopt EMV? The pain of a costly conversion and the absence of government or industry mandates to force the issue are the obvious, key culprits.

The US is catching up with EMV

The news from Visa yesterday moving forward with EMV in the US should not be that surprising.

The latest on the Durbin Amendment

On June 29, 2011, the United States Federal Reserve Board voted to proceed with a plan to execute the legislation enacted into law under the Dodd-Frank Act of 2010. Known as the Durbin Amendment, this legislation will change the landscape of retail payments in the U.S..