American Express is following other major issuers in committing to convert its credit card portfolio to contactless as customers’ cards expire. Beginning in July, the New York-based issuer will begin issuing all new and replacement cards in the contactless format, and it will also do so upon request by customers, Amex said in a Friday…
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Credit card fraud in the late 1980s was a lot less complicated than it is today. In the pre-internet era, criminals often called banks to falsely report that a specific customer’s card was lost or stolen. Then they peeked inside the targeted customer’s mailbox to see whether the new plastic had been delivered. When the…
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BI Intelligence This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. Digital disruption is rocking the payments industry. But merchants, consumers, and the companies that help move money between them are all feeling its effects differently. For banks, card networks, and processors, the digital…
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