Silver lining behind
the Equifax hack

Posted by on September 22, 2017 at 3:57 pm

PERHAPS YOU HEARD: Equifax was hacked on September 7. There are some who would reassure us by pointing out that 143 million accounts is less than half the number of MySpace accounts and less than one-third the number of Yahoo accounts that were hacked. I have two reactions. My first reaction is that would-be reassurers could [...]

Upgrades at point-of-sale:
Financial aid for merchants

Posted by on September 14, 2017 at 4:59 pm

IF YOU were going to pick an exciting time to work in the payments business, today would make for a good choice. At times it feels as if each day brings a software or hardware innovation, each bringing in turn faster speeds, surer security, easier access, and greater convenience. For merchants in particular, payment technology [...]

Bank metamorphosis
for fun and profit

Posted by on September 7, 2017 at 11:29 pm

The digital age has not rolled forth without casualties. Type-writers, maps, encyclopedias, calculators, film cameras, digital cameras, camcorders, cash registers, books, newspapers, music CDs, and more are found among the metamorphosed, endangered, severely wounded, and just plain gone. You will doubtless agree that morphing beats going the way of the typewriter. The good news for [...]

A digital banking junkie
reviews The One Device

Posted by on August 28, 2017 at 3:51 pm

The One Device: The Secret History of the iPhone Brian Merchant. New York: Little, Brown, 2017 NOW AND THEN along comes an innovation that sends the future careening down a path no one anticipated. Gutenberg’s movable type led to education and human rights advances and correlates with diminishing wars between major powers. Ford’s mass-produced, affordable [...]

A glass of bot fraud:
Half-full or half-empty?

Posted by on August 25, 2017 at 3:05 pm

IF YOU’RE A glass-is-half-full kind of person, I have good news. About 80 percent of what you spend on digital advertising is likely to show up under the noses of people you’d like to reach. If you’re a glass-is-half-empty kind of person, the news isn’t so cheery. About 20 percent of what you spend on [...]