Jun 26, 2017

Responsible Innovation, Part 2: Do Community Financial Institutions Need Faster Payments?

Faster payments depends on the support of community financial institutions for its success. This second installment in a Take On Payments series looks at survey results and other information to see how close these financial institutions are to adopting faster payments.

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Jun 19, 2017

Calculating Fraud: Part 2

In this follow-up post, Take On Payments helps you hone your math skills by walking you through the second half of a mathematical process for analyzing fraud rates for payments.

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Jun 12, 2017

Watching Your Behavior

How do merchants and card issuers balance their need to authenticate a customer's identity with the need for the customer's experience to be as "frictionless" as possible? Take On Payments examines behavioral biometrics, which provides some extra assurance for payments transactions without burdening the customer.

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Jun 05, 2017

Responsible Innovation Part 1: Can Community Banks Remain Competitive?

The United States recently implemented phase 1 of the faster payments initiative. Take On Payments, in this first installment of a three-part series, examines some of the challenges community financial institutions face in transitioning to faster payments.

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Jun 01, 2017

Nobel Economist: Fiscal Powers Have Shaped the World

Early U.S. politicians and policymakers debated whether the federal government should backstop state governments' debts. Thomas Sargent of New York University addressed this and other historical fiscal issues in May at the Atlanta Fed.

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May 22, 2017

The Year(s) of Ransomware

Will this year and the next be the Year of the Ransomware? Take On Payments underscores the need to plan for and defend against ransomware attacks like the massive one that occurred earlier this month.

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May 15, 2017

What Canada Knows That We Don't

The Bank of Canada recently released a study on the costs of point-of-sale payments. The study highlights what little comprehensive knowledge we have about comparable costs of payments in the United States. Take On Payments asks about the value of a comparable cost survey for the United States.

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May 08, 2017

Calculating Fraud: Part 1

In the first of a two-part series, Take On Payments helps you hone your math skills by walking you through the first half of a mathematical process for analyzing fraud rates for payments.

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May 01, 2017

Additional Authentication: Is the Protection Worth the Hassle?

Some consumers, even if offered money, would not switch from using passwords. In this last post of a series, Take On Payments digs a little deeper into a survey about online authentication methodologies.

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Apr 24, 2017

Would Consumers Ever Give Up Their Passwords?

Take On Payments continues its consideration of the password by looking at a recent study of online consumer behavior around online authentication.

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Apr 17, 2017

Will the Password Ever Die? Part 1

Many experts over the years have predicted or encouraged the elimination of the password as an authentication method. But the password is still around and thriving. This first installment of a three-part series in Take On Payments lays the groundwork for a data-driven look at passwords and their effectiveness.

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Apr 10, 2017

Catch Me If You Can

How much do we give away about ourselves when we use an ATM or post on social media? Take On Payments discusses a reality show that perfectly illustrates the tension between the desire for privacy and the outsize role that modern technology plays in our lives.

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Apr 03, 2017

Governance Down Under

Making changes to the U.S. payments system often means coordinating several disparate agencies. Take On Payments looks at the Australian Payments Clearing Association, a comprehensive, self-regulating governance entity that offers an aspirational model for U.S. payments governance.

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Mar 29, 2017

Are Payments Fast Enough Already?

Consumers have come to expect instant digital transactions. That's why many people want the U.S. payments system to speed up. Economy Matters looks into both the U.S. and U.K. systems for details about faster payments.

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Mar 27, 2017

Don't Forget the Check

While much of the focus of risk management efforts is on electronic payments, checks remain a target of criminals since they are so easy to counterfeit or alter. Take On Payments warns us not to forget about the paper check.

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Mar 20, 2017

Fraud Reduction at the IRS: Some Happy Returns

The IRS Security Summit has successfully reduced the number of fraudulent returns, and is now turning toward further strengthening technical measures. Take On Payments examines its efforts.

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Mar 13, 2017

Faster Payments Focus of Recent Joint Conference

The risks and rewards of faster payments were the focus of a recent conference cosponsored by the Federal Reserve Bank of Atlanta and the United Kingdom's Department for International Trade. "Lessons and Implications of Increasing Payments Speed" took place on February 28, 2017.

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Mar 13, 2017

Phone Scams and Phishing

The number of phishing attacks grows faster every year, particularly attacks through the phone. Take On Payments reiterates that the best way to combat phishing is through consumer education.

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Mar 08, 2017

ECONversation: Mobile Payments' Time Could Be Near

Despite sluggish growth so far, conditions could finally be ripe for mobile payments to take off. That's according to two Atlanta Fed experts, who recently discussed the future of payments. Read highlights of that ECONversation webcast.

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Mar 06, 2017

Asset Size Matters in Survey Responses

Financial institution size correlates to mobile banking offerings. Take On Payments introduces a supplement to the 2016 Mobile Banking and Payments Survey that sorts the responses of financial institutions survey by asset size.

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Feb 27, 2017

Wouldn't It Be Nice to Tap and Pay?

Contactless card usage is surging in the United Kingdom, Australia, and Canada while remaining all but nonexistent in the United States. Take On Payments wonders if the United States is missing an opportunity.

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Feb 21, 2017

The Social Benefits of Biometrics

In addition to its usefulness in payments authentication, biometrics technology can help track an infant's vaccination schedule in developing countries. Take On Payments asks, are there other biometric programs that provide such benefits?

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Feb 13, 2017

The Five-Star That Flops

Mobile commerce may be like the two-star recruit who goes on to lead the team to victory, while mobile payments may be like the five-star bust. Read more in this week's Take On Payments post.

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Feb 06, 2017

ACH: No Trace Left Behind

ACH—Automated Clearing House—offers no definitive method for identifying a payment and any associated return, dishonored return, or contested-dishonored. Take On Payments looks at the issue and offers a solution.

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Jan 30, 2017

Pssst…Have You Heard about PSD2?

A number of major changes are coming to the European banking landscape, thanks to the recently adopted revised Directive on Payments Services. Take On Payments asks, can the United States learn anything from this piece of legislation?

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Jan 23, 2017

Mobile Banking and Payments Survey Results

Many financial institutions cite biometric methodologies as the security tool they would most likely use in their mobile banking and payments program. Read more findings of the 2016 survey in Take On Payments post.

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Jan 17, 2017

Expanding Cybersecurity

Sharing information may be a part of strengthening cybersecurity, but it makes payments people a little nervous. That topic was part of the conversation at the recent FS-ISAC Fall Summit. Take On Payments continues the conversation.

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Jan 09, 2017

The Year in Review

The U.S. migration to chip cards continued, with chip cards now representing about 70 percent of credit and debit cards. Take On Payments says goodbye to 2016 with a look at this and other payments-related issues that were relevant during the year.

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