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Tokenization standard in the works

Tokenization standard in the works

Global body to issue specifications to combat CNP fraud
MasterCard forms joint global funds transfer venture

MasterCard forms joint global funds transfer venture

Network will include mobile, pay cards, banks, cash outlets
MasterCard issues pay card standards for issuers and employers

MasterCard issues pay card standards for issuers and employers

Guidance seeks to ensure employees understand choices and are able to take advantage of benefits
Target… And it only gets worse!

Target… And it only gets worse!

As long as the U.S. remains a mag-stripe country, fraud will soar
P2P and gift cards compete as consumers embrace e-gifting

P2P and gift cards compete as consumers embrace e-gifting

New P2P services from banks that can be used for gifts may begin to cut into gift card volume
Whither EMV? Who knows? Who cares?

Whither EMV? Who knows? Who cares?

The U.S. migration to EMV depends on merchant adoption, customer interest
Most prepaid debit card users pay less than $7.50 monthly

Most prepaid debit card users pay less than $7.50 monthly

Cost is lower that basic checking account fee
You’re already getting holiday catalogs and the shopping season has already begun. But research by TransUnion found a surprise under the credit tree.

Holiday promos can have a “sanity claus”

Most wait until December to do major gift buying
Card-not-present seen as fastest growing type of credit card fraud

Card-not-present seen as fastest growing type of credit card fraud

While incidents rose, the average loss per compromised account fell 10
Banks need to strengthen payment revenues with new technologies, business models

Banks need to strengthen payment revenues with new technologies, business models

Wholesale transaction banking looks to be the key lever for higher ROE
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