The future of digital wallets is uncertain and the earlier predictions of quick market adoption may have been proven wrong, according to some experts and credit unions using the technology.
This preview from our Aug. 21 print edition provides an in-depth update on the vagaries of the digital wallet market.
Consumers in July kept their wallets and pockets open, even as a gasoline prices spiked, according to First Data Corp.
Payments processor Capital Services, known until recently as Capital Card Services, works with about 130 credit unions, and has been hidden behind a relationship with Fiserv. Now, it has begun offering its services under its own name.
The final report of the FDIC’s investigation of a security breach at payments processor FIS found it worse than previously thought, according to a security blog.
Security blogger Brian Krebs says FDIC report "highlights shocking lack of basic security protections" at major processor.
There's a great market here. No, there's not. Opinions vary widely among vendors and credit unions alike.
Recent announcements from Visa and MasterCard have set the stage for the U.S. implementing EMV/chip cards.
Payments processor also says that some merchant applicants' information may have been compromised.
First Data says the pace of consumer payments slowed significantly in April over the pace during the first quarter of the year.