Author Archive

About that box hovering over First Data’s home page

August 12, 2019

If you happen to visit First Data’s home page, you may notice a big, blue rectangle hovering it. It says, “First Data is now Fiserv.”  It was in January of this year that Fiserv and First Data announced plans to become one company under the Fiserv name. Now, seven long months later, the deal is complete. Accuse me [...]

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RILA v. Google and Amazon

August 5, 2019

The United States Justice Department and Federal Trade Commission are about to get an earful about Amazon and Google from the Retail Industry Leaders Association (RILA). Bloomberg reports that RILA, whose members include Walmart, Target Corp., and Best Buy Co. and others … … joins a slew of companies, including Oracle Corp., Yelp Inc., Tripadvisor, Inc. and [...]

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Are branches making a comeback?

July 29, 2019

In recent years there has been a glut of headlines the likes of Wells Fargo to close 900 branches, Banks Will Be Obsolete Within 10 Years, and 6 Banking Services That Will Be Obsolete in 10 Years, on which the first item was “Bank Branches and Bank Tellers.” Indeed, a scant two years ago, none other than Yours [...]

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Dirty digital

July 22, 2019

Which payment system is the most germ-free? In the wake of New York University’s 2014 Dirty Money Project, the switch from paper to digital currency was probably welcome news for germophobes. That was the study that revealed that some 3,000 varieties of bacteria hang out on the average American dollar bill.  Most of the bacteria, of course, are [...]

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Strong Customer Authentication (SCA) is a scant three months away. Will the EU be ready?

July 15, 2019

Chances are it won’t come as much of a shock that the middle of September is about nine weeks away. Most years, that’s the usual interval between the middle of July and the middle of September. But this year, something promises to make the middle of September a little different: On the 14th, Strong Customer [...]

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