Costs, security risks motivate push for new payment solutions

05/19/2014 | New York Times (tiered subscription model), The

Retailers, payment processors and banks are rethinking the way customers pay for goods, with security and cost of transactions shaping potential paths forward. Retailers hope that new mobile-payment solutions could save them money in interchange fees. A group of retailers has been working for two years on a mobile-payment system of their own, but card companies warn that the business is fraught with costly security risks.

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New York Times (tiered subscription model), The

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