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Videos

MasterCard: Why can't government regulatory agencies work together?

U.S. government agencies must synthesize their payment regulations, says MasterCard. A panel of several agency representatives tries to defend the complex U.S.

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Chase and Visa's side deal under Durbin

Chase's debit and credit cardholders operate on a "separate instance of VisaNet" at Chase's merchant partners. (According to First Annapolis's Casey Merolla at…

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Why Durbin 2.0 will be a win for MasterCard, loss for Visa

An audience member asks whether Visa has an unprecedented opportunity to capitalize on signature debit market share under the new Durbin rules.

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Why merchants are losing enthusiasm for EMV

A major drawback of EMV is that "it circumvents Durbin," says Mark Horwedel, CEO of the Merchant Advisory Group. "We worked very hard in the merchant community…

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How retailers are losing in the payment regs landscape (despite Durbin)

Mark Horwedel, CEO of the Merchant Advisory Group, lays down the gauntlet to the payments industry to make it easier for merchants to do business. (From the…

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How PCI is bad for small business

"PCI is completely one-sided," says Mark Horwedel of the Merchant Advisory Group. "Merchants can pay a lot of money to come and give advice while the networks…

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Dynamic authentication: A new answer to card skimming

Mimi Hart, CEO of MagTek, explains a new angle on stopping skimmers from using a compromised card. (From the ATM & Mobile Executive Summit in Washington, D.C.)

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Why consumers won't adopt EMV

Mimi Hart of MagTek doesn't believe consumer behavior will give EMV a smooth road to adoption. "Mobile has a lot more promise." (From the ATM & Mobile…

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Assume all handsets are compromised

Jim Pitts, project manager of the BITS Financial Services Roundtable, explains why he tells his FI members to expect the worst when it comes to customers…

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Can a fraudster add malware to an app that's already in the app store?

CrowdStrike broke into the App Store and bypassed the security validation mechanism. Their CTO describes the demo conducted at a conference a few years ago.

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ATMs really do matter to MasterCard

Contrary to common opinion, "ATM revenue matters to MasterCard." So says Peter Shortall of MasterCard Advisors. (From a panel at the ATM & Mobile Executive…

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How channel convergence will change ATMs

“I believe about half the world is still unbanked,” said Mike Lee of ATMIA. “And if you want to bring them into the payment system, you need to start with…

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An attorney summarizes the Durbin Amendment in 2 minutes

Attorney Crystal Kaldjob of Goodwin Proctor highlights what the Durbin Amendment is and how we got to where we are today. (From the ATM & Mobile Executive…

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Has Durbin benefited consumers?

"In reality it's just been a transfer of funds from the large banks to the large merchants." (From a panel at the ATM & Mobile Executive Summit.)

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Israel going cashless?

An e-mail received by an audience member during the "cashless society" panel at the ATM & Mobile Executive Summit leads to one of the most interesting…

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Does the U.S. government want cash out of the way, or not?

Leland Englebardt of MasterCard confronts a government interagency panel on why they seem to be warm on cash, when the cost of cash is so high for them. "I…

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The promise of a true mobile wallet

"Today ... the mobile phone is handier than your wallet," says George Wallner, CTO of Loop. Wallner then describes the best use case for a mobile wallet. (From…

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Successful mobile wallets of the future

"Think of the wallet of the future as an operating system," says George Wallner. "Today when you talk to the major card issuers, they all have wallet…

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Why Apple didn't put NFC on the iPhone

Apple wasn't the only manufacturer "mad" at the failed promise of NFC, says George Wallner. (From the ATM & Mobile Executive Summit.)

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Why the iPhone platform is so secure

"I know this because we've hired a lot of people out of Apple," says Dmitri Alperovitch of CrowdStrike. (From the ATM & Mobile Executive Summit.)

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