Contactless cards appear to be having a moment in the U.S. Some second-generation chip cards (now contactless, too) are arriving in mailboxes, and contactless cards will soon speed the purchase of subway and bus tickets in New York City. “Capital One has been issuing contactless cards to new Quicksilver and VentureOne customers since mid-April,” says Daniel Mouadeb, vice president of U.S. cards at Capital One. The issuer’s new Savor dining rewards credit card, introduced in O

It's surprising how many merchants do not seem to understand or take advantage of the benefits of credit card pre-authorizations. Pre-authorizations can vastly reduce fraud, processing costs, and improve customer satisfaction. If you offered a typical online merchant access to a tool that would provide any of the above benefits most would jump on the opportunity. With that in mind, one must wonder why relatively few merchants take advantage of the benefits of pre-authorizi