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March 21, 2016 by Enrico Camerinelli

Assume you want to spend all your US$100 to buy goods in a shopping mall. At the checkout, you say that you will send an email promising to pay US$100 (i.e., an electronic IOU). The merchant happily accepts the email and goes to the bank. The bank also accepts the email and credits US$100 to the merchant’s account.

March 16, 2016 by Gwenn Bézard

Smart-home technologies are rapidly becoming mainstream, and insurers have an opportunity to participate in this market. When engaging with potential partners, even the largest insurers should have a realistic appreciation of their level of influence over consumers, and therefore what they can bring to the table for smart-home device-makers, installers, and distributors. In conversations with firms that have tried to partner with insurers, we found that too often large insurers show up at the table with an inflated sense of the value they can bring. This can backfire on insurers. Frustrated with the exaggerated demand from insurers, a major North American smart-home player has recently curtailed the amount of data it is willing to share with insurers.

March 7, 2016 by Thad Peterson

I live in Atlanta, and aside from being famous for bad traffic and payment processing, it’s a major center for barbecue, which is arguably more important than payments without anything else being said. There’s a barbecue place near my house, Grand Champion Barbecue, and they’re one of the best. It’s a family-run business in a strip center, and they have a sign on their door with their hours. Here’s what’s on the sign:

“Open 11:00 – 8:00, or until we run out of meat”

March 1, 2016 by Julie Conroy

With 477 million records breached in 2015 alone, exposure to identity theft and payment card fraud is very much on the mind of many consumers. I’ve been receiving a lot of questions from friends, family, and colleagues over the past few weeks, and I’ve also had to deal with the fallout from criminals getting their hands on my own identity, so it seems like a good time for a blog.

First, it’s important to understand that there is a big difference between a payment card compromise and a compromised identity. Payment card compromises are a nuisance to be sure, but the impact is relatively minor compared to a true identity theft. To protect yourself against unauthorized payment card use, here are some tips: