The 5th annual study seeks to identify and address US IADs' most pressing concerns in the areas of government legislation, regulatory compliance and competitive challenges.
Licensing the MasterCard common application identifier allows Elan to facilitate US domestic debit transactions on the network in accordance with Durbin routing requirements.
Having completed the first US Common AID-enabled EMV debit transaction with US merchants, Vantiv will begin production of Visa- and MasterCard-certified cards in January.
The companies will integrate the IdentityMind international compliance platform for virtual currencies into Lamassu bitcoin ATMs.
Testing plans across business functions and with third parties will help FIs identify and manage gaps before cyber attacks occur, the council says.
Authorities globally have taken a wide variety of positions on the regulation of digital currency, making it hard for payment industry players to provide technology that will support digital currency transactions.
Following on high-profile data breaches originating at POS terminals, the Obama Administration is reportedly taking measures to ensure the security of electronic benefits payments data.
A rights activist is petitioning Nigeria's federal court to rescind an order that reversed a 2012 ban on foreign fees.
The emergency rule precedes planned amendments that will require semiannual reporting of security compliance at institutions' ATM facilities.
The new ATMIA manual advises deployers on security governance; software operational policies; threats to ATM networks; payments security and more.
The agreement allows CU24 to route EMV card transactions bearing the MasterCard U.S. common application identifier over its payments network.
The bill would impose a penalty of $1K per day for failing to disclose the fee in a prominent on-screen notice and allow the consumer to opt out of the transaction.
Russia develops a bill establishing penalties for use and generation of virtual currency such as Bitcoin.
The court overturned rulings that had held NCR 100 percent liable for cleanup costs related to the production of carbonless copy paper from 1954 to 1972.
The association contends that competition between payment networks is eroding due to the unintended consequences of the Durbin Amendment.