RBR study finds 'significant' potential for contactless in Europe

January 8, 2015

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

January 8, 2015

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

January 8, 2015

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

Is tokenization really the best solution to fraud?

by Terry Dooley — SVP & CIO, ITS, Inc

Apple has made over one of the oldest payment security methods into one of the newest. But is it the best?

Polish banks confirm plans to launch HCE mobile payments

January 8, 2015

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

Entrust Datacard releases EMV personalization validation software

January 7, 2015

The software uses technology by test tool provider Barnes International to validate the chip in EMV cards issued on a Datacard MX Series system.

Tekchand introduces "sweeping platform overhaul" with ATMLive v6.1 upgrade

January 7, 2015

New features bolster cross-channel marketing and dynamic advertising capabilities for banks, the software developer says.

UK pushes tax relief for merchants who offer fee-free ATMs

January 6, 2015

The UK government is urging local councils across the country to award tax breaks to shopkeepers who offer "free-to-use" ATMs.

UL adds new features to payment personalization validation tool

January 6, 2015

The tool can check any application for EMV cards, secure elements or cloud-based payments according to the latest specs from major card schemes, UL says.

Bitcoin backer defends beleaguered cryptocurrency

by Will Hernandez — Editor, NetWorld Media Group

Investor Marc Andreessen stood up for bitcoin in a series of tweets after the cryptocurrency suffered a 20 percent drop in value within 72 hours.

Massachusetts legislature backs down on casino ATM measure

January 6, 2015

A proposed rule would have let state-chartered banks operate ATMs in casinos — something federally chartered FIs are already allowed to do.

Wintrust intros cardless ATM transactions on wide scale

January 6, 2015

Customers of the Chicagoland FI will be able to prestage cash withdrawals using the Wintrust app on their smart phone.

Investment bank sues ATM Network, Cardtronics over busted deal

January 6, 2015

Green, Holcomb & Fisher said it was defrauded of payment for a year's worth of work in arranging a sale of ATM Network to Seven Bank.

More than a cash machine, the ATM is a branch-trimming tool

Banks should applaud the ATM industry for eliminating bank branches and their associated costs, and stop hammering customers with fees for using foreign ATMs.

Number of cyberattacks on retailers drops by half, but hit more victims per incident

January 5, 2015

Criminals still stole more than 61 million customer records in 2014, despite taking off two of the biggest shopping days.

CI Tech launches new banknote processing line

January 2, 2015

A key component of the CI Note Line modular product family is a recycling device for automated banknote processing.

Study: 44 percent of cyberfraud victims can't recover funds

January 2, 2015

Losses can be significant, too: The average sum stolen by cybercriminals was $218; 18 percent of respondents lost more than $1,000.

Chick-fil-A reports apparent payment data breach

January 2, 2015

In Jan. 2 announcement about the breach, the company said it was still working to determine all of the facts surrounding the incident.

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.

From breach to outreach: Restoring cardholder confidence

The card is an extension of your institution, so it's your FI that cardholders look to for protection. Losing their trust is a big problem — and a big expense