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Tokenization: 6 Reasons The Card Industry Should Be Wary
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Robert McDougal
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Robert McDougal,
User Rank: Ninja
10/10/2014 | 3:52:35 PM
Re: Mobile Payments Industry Workgroup (MPIW)
Thanks for the link!

 

I fear you are correct, there isn't a silver bullet.  No single solution will put a halt to this problem.  I will go a step further and say that I don't think it can be completely eradicated, only mitigated through the concerted efforts of all players in the payment industry.
Marilyn Cohodas
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Marilyn Cohodas,
User Rank: Strategist
10/9/2014 | 1:58:35 PM
Re: Mobile Payments Industry Workgroup (MPIW)
Thanks for the link, Pat. I'm reposting it here since I have permissions for live links!

http://www.bostonfed.org/bankinfo/payment-strategies/mpiw/index.htm 
pcarrollvs
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pcarrollvs,
User Rank: Author
10/9/2014 | 11:12:32 AM
Re: Mobile Payments Industry Workgroup (MPIW)
Hi Marilyn, the Mobile Payments Industry Workgroup (MPIW), was convened in January 2010 by the Federal Reserve Banks of Boston and Atlanta through their Payment Strategies and Retail Payments Risk Forum groups. The focus of the MPIW is primarily to facilitate discussions among the industry as to how a successful mobile payments eco-system could evolve in the U.S. You can get more information on their web-site: http://www.bostonfed.org/bankinfo/payment-strategies/mpiw/index.htm. The Tokenization workgroup study would presumably have been carried out by a sub-committee of the MPIW. 
Marilyn Cohodas
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Marilyn Cohodas,
User Rank: Strategist
10/7/2014 | 2:32:22 PM
Mobile Payments Industry Workgroup (MPIW)
It is encouraging to hear about the MPIW out of Boston. Are they focfusing on tokenization or taking a broader look at the payments landscape?


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