Dec 05, 2016
Making Sense of Dollars, Part I
A cashless society? Maybe not yet, but some argue for it. In the first of a two-part series, Take On Payments presents some of the arguments for at least relying less on cash.
Nov 21, 2016
Are Mobile Phone Payments Secure?
Many consumers avoid using their phones at the register because they believe mobile payments are not safe. But are they justified? A new report offers evidence to the contrary. Read highlights of the report in Take On Payments.
Nov 14, 2016
"Good, Better, Best" in Understanding Merchant Payments
About 1.2 million U.S. businesses engage in retail, accommodation, and food services, yet payments information related to this important sector is in short supply. Take On Payments suggests that we should aspire to doing the best reporting we can muster.
Nov 07, 2016
The Downside of a Wide Paintbrush
Some banks are ending relationships with ATM owners/operators because of perceived high risk. Take On Payments wonders if these banks are painting with a brush that is too wide.
Oct 31, 2016
Of Piggy Banks and Bank Branches
Consumers are relying more and more on their computers and cell phones to do their banking. Take On Payments asks, will bank branches survive?
Oct 17, 2016
EMV Comments That Make Me Cringe
The chip card is now a regular part of the payments landscape here in the United States, but not every observation about the card is completely accurate. Take On Payments lists some of these comments and discusses how they might not capture the full truth.
Oct 11, 2016
Taking a Quantum Leap into Payment Security
What does payments security have in common with the space race? Take On Payments suggests that payments security might benefit from quantum research.
Oct 03, 2016
Looming Questions with the Rollout of NACHA's Mandated Same-Day ACH Rules Change
The first phase of the three-phase rules change took effect on September 23, and Take On Payments poses some questions.
Sep 26, 2016
AdmiNISTering Passwords: New Conventional Wisdom
The National Institute for Standards and Technology recently updated certain digital authentication standards, reversing some old guidelines. Take On Payments looks at some of these changes, and more.
Sep 19, 2016
Mobile Banking and Payments—What's Changed?
A lot has changed in the payments world since the 2014 Mobile Banking and Payments survey was conducted, so the results of the 2016 survey should be interesting. Take On Payments brings you up to date.
Sep 12, 2016
Risk Mitigation Isn't Just for Banks
Banks must carefully assess and mitigate risk, as do other businesses. Take On Payments asks, should payments services as well?
Aug 29, 2016
The Simple Consider Three but Four is the Key
Prevention, response, and remediation are the three "officers" of keeping payments secure. But there's a fourth officer, too: the average consumer. Take On Payments explains.
Aug 22, 2016
As with Nuclear Disarmament, So with ACH: Trust, but Verify
The old Russian saying, "Doveryai, no proveryai"—"Trust, but verify"—also works when it comes to ACH. Take On Payments explains.
Aug 15, 2016
The Personal Cost of Fraud
Given the frequency and extent of data breaches these days, identity theft fraud is almost something to be expected. Take On Payments stresses the need for consumers to adopt strong security practices to reduce their chances of being victims.
Aug 08, 2016
When Fraud Hits Home: Questioning Today's Authentication Methods
A driver's license and a canceled debit card gave a thief access to the victim's bank account. Take on Payments asks, why is the password still so widespread for authentication in banking when there are newer, better ways?
Aug 01, 2016
FFIEC Weighs in on Mobile Channel Risks
The Federal Financial Institutions Examination Council has released new guidance on mobile financial services. Could financial institutions also use this guidance as a checklist to help them identify and manage the associated risks? Take On Payments explains.
Jul 25, 2016
Cash: Reports of Its Pending Death Are Greatly Exaggerated
Despite many predictions of its demise, cash is here to stay, according to Take On Payments.
Jul 18, 2016
The 411 on Banning the RCC
A newly amended rule from the Federal Trade Commission makes it harder to commit telemarketing fraud. Take On Payments looks at the remotely created check and one way it has been misused.
Jul 11, 2016
Surviving the Emerging Payments Providers
New payments companies are keeping financial institutions and traditional remittance providers on their toes. Take On Payments thinks the traditional companies are more than meeting the challenge.
Jun 27, 2016
Between a Rock and a Hard Place?
In an age of an increasingly complex and interconnected payments ecosystem, who should primarily bear the burden of educating the consumer about safe payments practice? A new Take On Payments post says that financial institutions must play a leading role in the educational effort.
Jun 20, 2016
There's an App for That!
The number of people who use their mobile phone to conduct some aspect of banking grows every year. Take On Payments offers more highlights from the Federal Reserve Board of Governors recent report on mobile financial services.
Jun 13, 2016
What Is GPR Feeding On? Part 2 of 2
Each year, card issuers lose about $10.9 billion to card fraud, according to one report. Prepaid cards account for about 4 percent of that fraud. Take On Payments looks at the report and describes how GPR cards in particular could be used in fraud.
Jun 06, 2016
Mobile Security and Privacy
Many consumers don't believe that the mobile banking channel is safe. That was one of the findings of the Federal Reserve Board of Governors' Consumers and Mobile Financial Services 2016 report. This week, Take On Payments picks up where it previously left off with highlights from the report.
May 31, 2016
What Is GPR Feeding On? Part 1 of 2
Who uses general purpose reloadable, or prepaid, cards, and why? This week, Take On Payments busts a couple of myths connected to prepaid cards.
May 23, 2016
What Would Happen If the Lights Went Out for a Long, Long Time?
If a catastrophe were to create a widespread power outage, is there a contingency plan to ensure that cash is available? Take On Payments discusses payment options in the event of a disaster.
May 16, 2016
Improving Customer Authentication: Is the PIN Past Its Prime?
A new report from the United Kingdom on fraud may be foretelling the future of EMV fraud in the United States, which is about eight months into its EMV journey. Take On Payments looks at the report.
May 12, 2016
Risks in Faster Payments
As the faster payments movement in the United States gains steam, a new working paper from the Retail Payments Risk Forum discusses some of the risks to faster payments.
May 09, 2016
Follow the Money!
Cash handling is a well-controlled process, but sometimes inefficient. A panel discussion at a recent conference discussed an initiative that would use supply chain logistics to increase efficiencies. Take On Payments describes Cash Visibility.
Apr 25, 2016
Be Careful, Be Very Careful
Criminals use many tactics to scam people, some of them crude, some sophisticated. This week's Take On Payments discusses some of the more common tactics and stresses the importance of being vigilant on the Internet.
Apr 18, 2016
"I want to be alone; I just want to be alone"
Making purchases anonymously does not necessarily mean that the purchaser has something nefarious to hide. Take On Payments discusses some of the pluses and minuses of some of the available options.
Apr 11, 2016
Combat Gear for Tax Season
It's tax season, and that means it's also tax fraud season. This week's Take On Payments discusses what the Security Summit is doing to help prevent identity theft tax refund fraud.
Apr 04, 2016
Same-Day ACH: A Call to Action
This fall marks the deadline for moving to same-day payments. Are financial institutions ready? Are their processors ready? Take On Payments warns that time is running out.
Mar 28, 2016
Continuing Education in Mobile Payments Security
So far, it's mostly been financial institutions (FI) teaching consumers how to use payments products responsibly. But who teaches consumers about payment technologies that don't come from an FI? This week, Take On Payments offers highlights from a new guide to mobile payments.
Mar 21, 2016
The Insider on the Outside
As organizations outsource more internal-support functions to third-party providers, how do they ensure the security of their data? Take On Payments offers a takeaway from a recent cybersecurity conference.
Mar 17, 2016
Peering Into the Payment System
3/17/2016 - The U.S. payment system is experiencing rapidly evolving technological and structural changes. In this podcast, two Atlanta Fed experts discuss the Federal Reserve's central role in maintaining a safe and secure system.
Mar 14, 2016
Same-Day ACH: An NFAQ
This Take On Payments post answers a question that may not necessarily be frequently asked but is an important one.
Mar 07, 2016
Card Chargebacks: Sorting Out the Facts
Who is harmed more by chargebacks, card issuers or merchants? A Kansas City Fed study finally offers some evidence to answer this question, and Take On Payments reports.
Feb 29, 2016
Warning! This Vehicle Has Been Immobilized
Two recent consent orders offer some insights into the 'D' in UDAAP— unfair, deceptive, or abusive acts or practices—compliance. This week's Take On Payments takes a look.
Feb 16, 2016
Changing How We Pay Online in 2016
This week's Take On Payments wonders if this will be the year that digital wallets take off.
Feb 16, 2016
Feb 08, 2016
Will Biometrics Breed Virtual Clones?
Payments authentication is almost certain to include fingerprints as well as iris, facial, and voice prints one day. If we don't also focus on data security, could we risk the creation of virtual clones? Take On Payments offers a take on biometrics.
Feb 01, 2016
Putting All Our Payment Eggs in a Single Basket
As long as people have had things, we have had theft. Computers did not change that. Take On Payments discusses cyberattacks and one way to mitigate risk.
Jan 25, 2016
Waiting for the Other EMV Shoe to Drop
The second phase of the EMV liability shift is set for October 2016. This week's Take On Payments asks, how will the shift affect independent ATM owners?
Jan 19, 2016
Mobile Wallets: Is This the Year?
So will this year be the one when mobile wallets finally gain traction? Take On Payments returns to this topic and notes some progress and some anomalies.
Jan 11, 2016
Prisoner Release Cards: How to Protect the Interests of Recently Released Inmates?
Just-released prisoners receive money to help them reenter the world, money that more and more often comes on prepaid cards.Take On Payments discusses efforts to make sure these newly released inmates have ready access to these funds.
Jan 04, 2016
The Year In Review
The Federal Reserve will soon begin its triennial payments study, and we'd like your opinion. Review the survey documents and provide your comments. Take On Payments has the details.