Fed to roll out roadmap for faster payments

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The effort comes in response to research findings that consumers want instant payments and would be willing to pay for them.

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Where will payments be in 10 years?

If the last 10 years has taught us anything, it's that disruptive technologies can shift the course of events in a way few would expect.

New payments players must fight their way through space junk

The payments ecosystem is much like space: It's difficult to get to; it's uninhabitable unless you're properly equipped; and it exists in a vacuum.

EMV, encryption and tokenization: the payment fraud 'holy trinity'

Taken together, these three key pieces of security technology can ensure that the good guys continue to stay one step ahead of the fraudsters.

Being prepared: A little extra cash helps!

Being prepared but having the wrong tools doesn't really count for much when trouble truly develops ...

Fed's controversial 'Choke Point' collars ATM processors

The government's Operation Choke Point initiative has put a stranglehold on many law-abiding businesses — including payment processors and pornographers.

EMV chip-and-signature: The mirage of protection

Without a holistic approach to user and transaction verification we're only presenting an appearance of protection — one that will vanish when tested by sophisticated cybercrooks.

Virtual currency dominates day one of Money 20/20 conference

Ben Lawsky, New York's superintendent of financial services, addressed the status of the state's controversial BitLicense regulatory framework.

Two merchants pull the plug on NFC (and Apple Pay) as MCX looms

CVS and Rite Aid turned off NFC support last week, raising the ire of Apple supporters who vowed to take their business to Walgreens.

Using cash for small purchases shows a consumer's age

A recent study found that consumers under age 30 are much more likely to use plastic even to pay for purchases under $5.

Apple Pay: A short-term plan for 500 banks?

Costs associated with the Apple partnership might accelerate financial institutions' plans to release their own mobile wallets — perhaps even with some help from merchants.

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NEWS


4Cs, Euronet pair up for payment software licensing deal

The deal with St. Kitts-based Caribbean Credit Card Corp. expands Euronet's presence in the islands.

For better or worse, researchers forecast 'a year to remember' in payments and banking

A free outlook series from Mercator Advisory Group looks at converging trends in US EMV deployment, omnichannel delivery, and mobile payments.

Federal Reserve releases faster payment report

'Strategies for Improving the US Payment System,' lays out the Fed's plan for engaging with industry stakeholders to improve the speed, safety and efficiency of payments.

Heartland backs end-to-end encryption with new warranty

The warranty covers compliance fines, fees and any assessments by card brands, issuing banks and acquiring banks.

Allpoint, Star networks re-up 
surcharge-free ATM agreement

The relationship offers expanded surcharge-free access to StarSF member financial institutions and their cardholders.

Bankers praise SCOTUS decision to let interchange ruling stand

An appeals court previously rejected retailers' efforts to reduce the interchange cap set by the Fed pursuant to the Durbin Amendment.

ABA endorses Fiserv DNA account processing platform

The platform uses open architecture, scalable technology and capabilities to help banks achieve their business and service goals, ABA said.

Bottomline acquires cyberfraud solutions provider Intellinx

Intellinx solutions monitor, replay, and analyze user behavior across multiple channels, and instantly flag and stop suspicious activity, the company says.

Co-op breaks 3B benchmark in member payment transactions

The company also broke its previous records for volume-per-second, -minute, -hour, and -day on Dec. 24, 2014.

New research weighs importance of systems monitoring for FIs

A new research note from Mercator demonstrates why advanced systems monitoring is essential for FIs' increasingly complex IT infrastructure.

Aussie FIs' ATM fees 'an outrage,' watchdog group says

The consumer watchdog group CHOICE is particularly incensed by Bendigo and Adelaide Bank's practice of charging its customers to use their home bank's ATMs.

RBR study finds 'significant' potential for contactless in Europe

But to achieve wider acceptance, the technology must overcome the expense of POS terminal upgrades — and the persistent popularity of cash.

EMVCo to develop 3DS 2.0 spec for card-not-present payments

An enhanced EMV 3DS 2.0 specification will support additional data available during the transaction to enable more intelligent risk-based decisioning.

Software vendors reshaping merchant services distribution

New research discusses how acquirers and ISOs should be responding to an integrated payments revolution in the US.

Polish banks confirm plans to launch HCE mobile payments

The FIs will use Visa's cloud-based payment specifications for their apps.

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ATM transaction processing is a core function of the ATM business equation. This Topic Center focuses on ATM transaction processing and the companies who provide processing services.