Tag Archives: payments system

ABA’s Sharp: Consumers Deserve Safest Payment Systems

ABA’s Card Policy Council today called on all consumer-facing industries to implement the latest payment protection technologies and data safeguarding practices, including activating chip card readers and accepting payments from secure mobile wallets.

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Nichols Makes the Case for Responsible Fintech Regulation

A responsibly regulated fintech industry is essential for ensuring consumer protection and allowing for greater cooperation between banks and alternative financial service providers, ABA President and CEO Rob Nichols said in an op-ed in American Banker today.

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Report: Costs of Cybercrime on the Rise

The median cost of cybercrime has increased by nearly 200 percent over the past five years -- costing the global economy approximately $450 billion each year -- and will likely continue to grow, according to a report released yesterday by Hamilton Place Strategies.

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