What happens when the FI's move that cost to the customer BUT, who else is laying out a vision? Arguably it's the standard that others are striving to follow. While not a great fan mainly due to costpersonally I think PayPal appear to have struck the right chord with the consumer. These all now relate to how to define the strategic solutions, how to agree them, how to INCLUDE all the parties involved from issuers, acquirers, technology companies, processors and of cours cardholders and retailers; but also regulators and governments centrally and globally. They told us that this system made their cardholders worry. These are the big challenges that will need to be addressed and where the challenge should be.
Nihat R Erdem - T.
3D Secure/One Time Password (OTP) for US issued credit cards
I designed this system way back in The banks are building all these fraud checks into their own systems but Visa are looking for new revenue streams now that their fee charging model is gone Peter Bove - I do not think that Visa is the best place for innovation at all, nor the best party to manage, co-ordinate or implement new technologies. As expectations around security change, Visa has some big questions to answer, he says. A Finextra member 11 July,