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July 21, 2014 by Julie Conroy

Poor controls on prepaid cards accounted for nearly 60% of the fraud losses issuers took in the wake of the Target breach, according to one top-10 issuer.

Prepaid cards present a vexing fraud challenge. There are three primary ways in which the fraud risk materializes:

July 16, 2014 by Madeline Aufseeser

Decoding interchange rates can be akin to decoding a secret message in a war-torn spy story. A good spy story has a cast of actors with varying motives all looking for the bad guys. Interchange is fueling a good-guy-versus-bad-guy story, pitting merchants against networks and card issuers, driving regulators into a frenzy, and causing mass confusion among all the stakeholders in the value chain.

July 14, 2014 by Enrico Camerinelli

As I am an Italian living in Monza, Formula One is sort of a lifestyle. The Italian Grand Prix is one of the longest-running and most important racing events of its kind, having been held at the Monza course ever since 1922. The Autodromo Nazionale Monza is located near the eclectic city of Milan, the most populous city in Italy.

Milan is also the most important financial center in Italy; therefore, the country’s largest national banks are headquartered there, as well as the Borsa Italiana, the main stock exchange. As the home to the best in the business, it's obvious that the city drives both banks and F1 teams on a competitive edge.

July 8, 2014 by Nancy Atkinson

Due to market pressures, the U.K. government abandoned its plan, announced in December 2009, to eliminate paper checks by 2018. U.K. check volume in 2013 was down 82% from the peak of 4 billion transactions in 1990, according to the Cheque & Credit Clearing Company, so check volume is decreasing without the mandate. Per-check clearing costs increase as volume declines due to fixed costs for equipment and space, making check clearing and settlement less efficient than when volume was higher. Furthermore, paper check clearing and settlement takes up to six days, which is a long time in a country where ACH payments may be received in two hours. The solution?

July 7, 2014 by Nathalie Reinelt

Understanding Bitcoin, for most people, is a bit like trying to nail Jell-O to a tree. About the time consumers feel that they understand what this pixel dust is all about, new information comes to light that makes it about as clear as mud. One day we read an article about the dark side of Bitcoin (e.g., the collapse of Mt. Gox, the takedown of Silk Road, GHash.IO’s mining dominance, or recent Bitcoin extortions), the next it’s an announcement that a mainstream merchant is accepting it.