Daniel Wolfe is editor in chief at PaymentsSource and a contributing editor at American Banker. He was previously tech and risk management editor for American Banker. He has also been American Banker's editor for technology, cards and payments and its technology reporter. He has a master's degree in print journalism from Boston University's College of Communication and a bachelor's degree in English from SUNY Binghamton.
The simple act of moving money can have a big impact on any political movement, so banks and payment networks are often caught up in issues of national importance. Here are some recent instances where payments and politics came head-to-head.
Rather than killing off the plastic card, smartphones are strengthening it. Many issuers' card accounts are more valuable than ever, with perks made possible only through the development of smartphone apps.