The Federal Reserve has released details of nine new tactics it plans to employ to improve the US payments system across five key areas — speed, security, efficiency, international payments, and collaboration... More
Nearly a quarter of US adults with a mobile phone (24%) and 28% of those with a smartphone made a mobile payment in the 12 months prior to November 2015, a survey by the Federal Reserve reveals... More
The US Federal Reserve’s Mobile Payments Industry Workgroup (MPIW) has given cautious backing to the potential of tokenization in mobile payments and formed a subgroup dedicated to exploring the impact of the technology in more depth... More
“The mobile phone will be a much more secure payment device than the plastic cards we use today.” That is the view of the assistant director of the Retail Payments Risk Forum, in a blog post published this week by the Federal Reserve Bank of Atlanta... More
As the US begins the move to adopting NFC, the government must act to ensure that consumers get full protection against fraud, processing errors and merchant disputes — especially if they are using a prepaid account or if they are charging their purchase to their mobile phone bill — says Consumers Union. More
OPINION: Almost from nowhere, interest in near field communication technology has exploded in the US over the last few weeks as key potential market players have begun to reveal their hands. More
The US Federal Reserve has been acting as the host for a series of meetings between US mobile network operators, banks and payments networks over the course of the last few months, Digital Transactions reports... More
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