Malini Mithal, assistant director of the Bureau of Consumer Protection at the Federal Trade Commission, explains the FTC's purpose and influence over banking and payments. (From the ATM & Mobile Executive Summit)
Mobile Payments Today sat down with Kount CEO Brad Wiskirchen and COO Rich Stuppy to talk about this year’s results, and about trends that are influencing the market now.
Sponsored by: Kount
"Data security is a big area for the FTC," said Malini Mithal, assistant director of the Bureau of Consumer Protection at the FTC. "We have brought nearly 50 cases here, including dozens alleging violations of GLB rules." (From Mithal's keynote address at the ATM & Mobile Executive Summit)
“There needs to be a move beyond cash in order for the vast majority of the people in the world to become full working participants in, and beneficiaries of, the economic system,” said Leland Englebardt, group head, global network products...
Kurt Helwig, CEO of the Electronic Funds Transfer Association (EFTA), puts it succinctly: "P.J. O'Rourke said, 'Giving the government money and power is like giving car keys and whiskey to teenage boys.'" Laura Udis of the Consumer Federation of American offers a counterpoint in this engaging session at the ATM & Mobile Executive Summit.
Joe Samuel, SVP of global public affairs for First Data, said FIs are constantly balancing new regulation, new supervision and enforcement. Dodd-Frank has worked in some areas of banking, he said, "but in some areas I think it didn't." (From a panel at the ATM & Mobile Executive Summit)
"When you're looking at having every bank in the country potentially having to reissue debit cards and change their whole debit card structure ... to then think about introducing EMV at the same time, I think it puts EMV on hold to a large extent." (Attorney Lynne Barr at the ATM & Mobile Executive Summit)
Attorney Lynne Barr and Joe Samuel of First Data analyze the probable paths resulting from Judge Leon's ruling on the Durbin Amendment. (From a "Front Page Focus" panel at the ATM & Mobile Executive Summit.)
An ex-employee sued McDonald's claiming that its policy of paying unbanked employees' wages via prepaid meant that her income was eaten up by card fees. A panel of payments experts tackles this difficult issue at the ATM & Mobile Executive Summit in Washington, D.C.
While Kenya’s success with mobile payment and ATM convergence hasn’t been easily replicated in other countries, the model has paved the way for mass migration of unbanked people into the world’s banking system. (A discussion between Dan Littman of the Fed and Mike Lee of ATMIA at the ATM & Mobile Executive Summit)
Panelists at the ATM & Mobile Executive Summit in Washington, D.C. discuss the EMV migration issues surrounding consumer education.
For starters, "It's going to be a fight for jurisdiction," says Liz Garner of the National Restaurant Association. (During a panel at the ATM & Mobile Executive Summit.)
Several surprising statistics show that restaurant operators are responding to new customer spending preferences by investing in new payment technology. "Infrastructure investment is huge in our industry." (Liz Garner, director, commerce and entrepreneurship, National Restaurant Association, at the ATM & Mobile Executive Summit.)
Acquiring and sharing customer data has become "one of the most hotly negotiated" deal points in the mobile payments M&A community. A payments attorney asks a panel of retail experts how they handle this sensitive issue. (From the ATM & Mobile Executive Summit.)
What exactly shifts in Oct. 2015, and to whom? A MasterCard representative clarifies the issue at the ATM & Mobile Executive Summit.
Currently, Oct. of 2015 is the targeted date when card fraud liability will shift to merchants who have not deployed EMV-compliant terminals in their businesses. But is there a chance the date will shift, too? (From a "Front Page Focus" panel at the ATM & Mobile Executive Summit)
George Wallner, payments pioneer and founder of Hypercom, describes the promise of the "new card" in an interactive environment. (From the ATM & Mobile Executive Summit.)
Private litigation in New York pitting a group of merchants against Visa, MasterCard and a number of large banks could stifle innovation in the mobile space. (From a panel at the ATM & Mobile Executive Summit.)
Retailers and the Federal Reserve were both unprepared to respond to a demand by Judge Richard Leon in his Durbin ruling. (From the ATM & Mobile Executive Summit.)
Judge Leon's castigation of the Federal Reserve faces off against the agency's long-standing reputation and favor with the courts. (Attorney Crystal Kaldjob at the ATM & Mobile Executive Summit.)
The D.C. Court of Appeals could affirm or reverse some or all of the ruling. And there's the likely appeal to the Supreme Court. (From the ATM & Mobile Executive Summit.)