Ford strikes deal with Alibaba to sell cars, Discover ditches signature at POS, Fed and NACHA talk Faster Payments path.

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December 7, 2017

Cybersecurity

The Role Of Private Secure Networks In Securing Online Transactions
 

The web is good at many things — especially as a conduit for information. But it was never designed for sharing sensitive information. As a safe haven for online banking, the web is a bust, says InterComputer’s CEO Scott Volmar, where free and open hides costs down the line for banks grappling with fraud and tattered reputations. Time for secure messaging and adherence to “blockchain-like principles?”

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Retail Disruption

The Cure For The Brick-And-Mortar Blues
 

The bad news: Retailers are shuttering their stores at the fastest pace in a decade. The good news: 90 percent of revenues still come from the old-fashioned conduit of foot traffic. Skava VP Yuval Yatskan shares new stats that show how retailers are keeping more feet inside their stores.
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Digital Payments

Getting To Ubiquity: ePayments In Canada
 

A platform to help medium, small and micro-businesses send, receive and request payments in real time: it’s easy to see why the SMBs could get behind such a thing, but financial institutions are the ones who must accept a payments product before it sees adoption, and they can be a tougher sell. So how is it that Interac has reached 255 of them (i.e. most of the ones in Canada) since launching its eTransfer platform in October? Peter Maoloni, AVP of online products and platforms, explains.

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Faster Payments Tracker™

NEW INSIGHT: How The Fed Is Clearing A Path For Faster Payments
 

The Fed wants payments to move faster — and quickly. In the latest issue of the Faster Payments Tracker™, a PYMNTS and NACHA collaboration, Connie Theien, senior vice president of payments industry relations at the Federal Reserve and Janet Estep, CEO of NACHA, discussed the Fed’s new faster payments Governance Framework Formation Team, the group’s goals for payment ubiquity within the decade and why they both believe that the plans are “ambitious, but achievable.” Find that, plus the latest faster payments headlines and trends, inside the latest Tracker.

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