Archive | Finance

U.S. EMV Chip Card Progress?

  How has the implementation of EMV chip cards gone in the U.S. given the October 2015 deadline? There appears to be more work that needs to be done. According to a recently published piece by Greg Buzek, President of IHL Services, only 8.5 percent of merchants are able to accept the new cards, which […]

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Fintech and P-to-P Payments Threaten Banks

Financial technology (fintech) companies are threatening banks on many fronts according to American Banker. While this is true, it is in peer-to-peer (P-to-P) payments that banks may be most at risk. Banks may not have much time to reverse this trend. The advantages they have are their legacy as well as the history and trust […]

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Changing Driver Behavior with Telematics

What are telematic devices? Why would insurance companies and consumers care about them? According to Gartner, telematics refers to the use of wireless devices and “black box” technologies to transmit data in real time back to an organization. Often, the term is used in relation to an automobile. Insurance companies are utilizing telematic devices to […]

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Retailers and Banks on Chip-and-PIN Credit Cards

As of October 1, U.S. retailers were required to upgrade their point-of-sale terminals to accept new EMV chip credit cards or be liable for any fraudulent charges. According to Reuters, some large U.S. retailers are trying to take it a step further by using personal identification numbers (PINs) with the new embedded chip credit cards […]

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Goldman and US Bank Leverage Social Media

Online advertising for banks is no longer defined by Web banners and pop-ups. Marketing departments are also building campaigns on what Kelly Colbert, vice president of social media at US Bank, calls “experimental canvases” in a SearchCIO article. Examples of these canvases include social media sites like Pinterest, Vine and Instagram. Recently, US Bank teamed […]

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Identity Theft Insurance?

Approximately $16 billion was stolen from 12.7 million U.S. consumers in 2014 according to the 2015 Identity Fraud Study released by Javelin Strategy & Research. The FTC found that identity theft was the number one type of complaint for the 15th year in a row among 30 categories of complaints. Identity theft accounted for 332,646 […]

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Credit Card Changes in the Next 5 Years

Innovation is a part of our daily lives whether it is what we drive, devices we use to communicate or how we shop. The credit cards that we use are no different. According to Credit.com and Boston.com, there are five ways that credit cards are likely to change by 2020. Chip and PIN everywhere. While […]

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Greece’s Debt Labyrinth

According to USA Today, a potential debt deal for Greece appeared to stumble yesterday as Greek Prime Minister Alexis Tsipras suggested that international creditors did not accept the latest round of reform proposals from Athens. Global markets, which have been gaining all week on expectations that a last-minute deal is likely, declined as a result […]

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Drone Use by 40 Percent of Businesses

In less than five years, the use of drones (unmanned aerial vehicles – UAVs) could become common practice for almost 40 percent of businesses. In the next 10 years, it could be common practice for 85 percent of businesses. This information comes from a 2015 survey of corporate risk managers conducted by Munich Re. What […]

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Simple Laxity Enables Credit Card Fraud

In some ways, retailers and credit card companies are trying to be proactive in the fight against credit card fraud. For example, Visa developed software to detect whether it is you or an impostor who is using your credit card at a gas station pump. The use of new EMV-chip credit cards will help prevent fraud, because they […]

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