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Federal Reserve Bank of Boston Examines Security of Mobile Payment Technologies

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The Federal Reserve Bank of Boston recently released a paper that examines how mobile payment technologies, chiefly NFC and cloud based technologies, address security of mobile payments at the point of sale.  The paper distinguishes between a mobile wallet, digital wallet and hybrid wallet based on the location where consumer personal information is… Read the rest

Portfolio Finance Reference Materials

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PLA today posts the public version of the agreement pursuant to which Chase invested in the Target card portfolio in 2008.  Although no longer in effect, this agreement may be a source of useful ideas for future portfolio-finance transactions. Also relating to the Target card portfolio, PLA today posts the agreement pursuant to which TD Bank USA, N.A., re… Read the rest

EPC White Paper on Mobile Payments

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The European Payments Council, a decision making body of the European banking industry, released a mobile payments white paper in October 2012. The white paper presents an overview on mobile payments for Single Euro Payments Area (SEPA) payment instruments, including detailed analysis of both mobile contactless and remote payments. SEPA is an ini… Read the rest