Shopping grinds to halt when Mexican banks unable to process cards over weekend

Major banks in Mexico reported problems processing debit and credit card payments on Saturday. The problem stemmed from a Prosa data center outage.

Stalled job growth contributes to Q1 slowdown in credit card use

August 1, 2019

Credit card use slowed down in the first quarter of 2019, according to the American Bankers Association's latest quarterly Credit Card Market Monitor, which…

Mastercard, SumUp enter deal to expand mobile POS across Europe

July 25, 2019

Mastercard entered an agreement with SumUp, a provider of mobile point-of-sale devices, to expand the number of electronic payment acceptance locations across…

Visa working to boost cashless payments in advance of 2020 Tokyo Olympics

July 24, 2019

Visa Inc. said it working on a series of innovative payment experiences in advance of the 2020 Olympic Games in Tokyo, where Visa is the official payment…

Cash use plummets across UK

by Amy Castor — Editor, Networld Media Group

According to a report by Link, which runs the ATM network in the UK, the use of cash is dropping in the country, mainly driven by online banking and card and…

NYS leads 25 state AGs opposing CFPB changes to bank overdraft rules

July 2, 2019

A coalition of 25 state Attorneys General led by New York State AG Letitia James have written a joint letter to the Consumer Financial Protection Bureau…

Discover pens deal with Redsys to connect with more merchants in Spain

June 13, 2019

FOMO Pay working with Discover to increase acceptance for cardholders

June 4, 2019

FOMO Pay, an integrated payment solution provider to merchants in Singapore, and Discover Global Network, which has more than 44 million merchant acceptance…

Visa, Allpoint deal offers surcharge-free cash access to US visitors from Southeast Asia

May 31, 2019

Visa and Allpoint Network, a unit of Cardtronics PLC, have partnered to help travelers from Southeast Asia visiting the United States obtain access to cash…

Mastercard offers Friday fare refunds for cardholders who use MTA tap-and-pay terminals

May 31, 2019

As the New York City Metropolitan Transportation Authority prepares to launch tap-and-go on some city subways and buses tomorrow, Mastercard is announcing the…

Checkers/Rally's acknowledges payment card breach at stores in 19 states

May 30, 2019

Checkers Drive-In Restaurants is notifying guests about a data security issue involving malware at certain Checkers and Rally's locations in 19 states…

Next-gen form factors now driving growth in payment cards

May 22, 2019

Despite near ubiquitous global uptake of the EMV standard, several factors are stimulating the payment cards market such as new banking clients, increasing…

Comforte AG debuts data security solution for payments industry

May 22, 2019

Data security provider Comforte AG has introduced a new data security solution and practice for the payments industry. 

Indian consumers' familiarity with e-payments propels higher retail sales

May 22, 2019

Payments technology company Financial Software and Systems has published India Payment Trends 2018, a report that highlights consumer payment trends, as well…

Why credit card acceptance actually spurs cash use at vending machines

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

Research confirms that cashless readers do not undermine cash sales in a vending machine. In fact, the technology serves to increase both cashless and…

Entrust Datacard debuts instant issuance as a service

May 21, 2019

Entrust Datacard Corp. has launched a cloud-based solution that enables banks to instantly personalize and activate customer payment cards.

Aconite powers debit, credit card launch for South Africa's digital-only Discovery Bank

May 17, 2019

Aconite Technology Ltd. has announced that Discovery Bank, a new digital-only challenger bank launched by Discovery Central Services Ltd., a South African…

Contactless cards not likely to make much difference in mobile payment adoption

May 17, 2019

A widening rollout of contactless cards has been accompanied by speculation that increased comfort with the technology will spur mobile payments, but it might…

The future of cards, contactless and biometrics in payments

With big players like Mastercard and Visa now mandating that all new cards and payment terminals be contactless enabled, global growth of the technology is set…

Mastercard, Lyft launch co-branded debit, ATM card with immediate funds access

May 15, 2019

Mastercard has announced a co-branded card with ride-sharing firm Lyft that will give drivers immediate access to pay and provide additional benefits aimed at…