The A, B, Cs of Payments 2015

From PYMNTS.com –

“Well, here we are – just a few short weeks before 2015 is one for the history books. What a year it’s been.

In many ways, 2015 was the year in which everything – and nothing — about payments changed. Plastic cards, checks – and yes, even cash – still define how payments are made among people and businesses. This is despite the billions of dollars and manhours dedicated to launching a seemingly endless array of new innovations intended to change that.

That’s why 2015 might be one of the most important years in payments and commerce history yet. It was a year in which important lessons were learned about what the future of payments might look like, where we got a better sense of what real problems need to be solved and for whom, what enabling technologies might help us do that, and who might lead the way.”

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NFC Is a Bigger Tech Opportunity for Merchants than EMV

From Payments Source -

“EMV is far from being a new technology. In fact, European countries have been using EMV chip-enabled credit cards and processing terminals for nearly 30 years.

Despite all the noise around the recent liability shift deadline for merchants to become EMV compliant, this payment technology could soon become a thing of the past, especially as it faces consumers’ increasing adoption of new payment technologies such as Near Field Communication (NFC)-enabled devices and mobile payments.”

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'Roadmap' Clarifies Fraud Liability Shift

From Bank Info Security –

“The EMV Migration Forum has published a new "roadmap" to help card issuers, acquirers and merchants prepare for the October card-present fraud liability shift date - when U.S. card issuers and merchants are expected to be prepared to accept EMV-compliant card payment transactions (see October Fraud Surprise for Retailers?).

In an interview with Information Security Media Group, Randy Vanderhoof, director of the forum, says questions surrounding exactly what is and is not considered "fraud" after October spurred the forum to issue its report, "Understanding the 2015 U.S. Fraud Liability Shifts." ‘

Read more/ listen to the interview>>