Visa chip card transactions edge toward 100 percent in June

August 30, 2018

Visa has release June EMV statistics showing that the network continues to make progress on EMV migration in the U.S.

Brazilian prepaid card issuer migrates to Compass Plus processing platform

August 30, 2018

Compass Plus, a provider of retail banking and electronic payments software, has announced it has migrated its first customer in the Americas to the company's…

UL works to accelerate EMV 3-D Secure adoption with self-test platform

August 30, 2018

UL has launched a web-based test platform to support stakeholders in advancing the next generation of 3-D Secure.

Xoom, Ria partner on cash pickup service for international remittances

August 30, 2018

Xoom, the international money transfer service of PayPal, has partnered with Ria, a subsidiary of IAD and transaction processing provider Euronet Worldwide, to…

KeyBank taps MasterCard for AI-based fraud solution

August 24, 2018

Cleveland-based KeyBank is working with MasterCard to implement MasterCard Decision Intelligence, a security solution that uses artificial intelligence to make…

Samsung Pay marks 3 years, 1.3B transactions

August 23, 2018

Samsung Electronics celebrated the third anniversary of the launch of Samsung Pay — on Aug. 20, 2015, in South Korea — with the announcement that the mobile…

PSCU Linked Analysis solution predicts, prevents fraud

August 21, 2018

PSCU, a Florida-based credit union service organization, has introduced Linked Analysis, a new fraud-fighting solution.

Consumers who choose e-payments over cash less able to recall transaction amounts

August 21, 2018

A research team in Germany has found that people not only tend to spend more when they use a credit card, but also that tend to have a less accurate memory of…

US credit card total purchase value edges toward $1T mark

August 21, 2018

For the first time in history, the U.S. credit card processing industry is poised to pass the $1 trillion mark in total purchase value in Q4, according to a…

Financial services need to test payments systems, not people's patience

Financial systems outages stop customers from accessing and spending money as they normally would. The growing incidence of outages — particularly in the U.K.

US Payments Forum shares summer 'snapshot'

August 10, 2018

The U.S. Payments Forum has released its Summer 2018 Market Snapshot, which looks at the status of the U.S. EMV chip migration, next phases for emerging…

Elan reportedly on the auction block

August 9, 2018

Elan Financial Services is up for sale, and Finastra, FIS, and Fiserv are the probable bidders, according to a yet-to-be-confirmed report by Fintech Futures.

Cash, cards and customer choice: What's a merchant to do?

As noncash payments take the lead some merchants are deciding that they no longer want to accept cash. But while there are costs to managing cash (and digital…

3 longtime PAI execs resign en bloc

August 3, 2018

Three top executives at Payment Alliance International resigned en bloc yesterday: President and CEO John J. Leehy III; Executive Vice President and Chief…

New tools enable app development for Square hardware

August 3, 2018

Square has released a set of developer tools for building custom, in-person checkout experiences, according to a press release. 

Nedbank mobile app provides all-in-one payments through MasterCard, Entersekt partnership

August 3, 2018

MasterCard and Entersekt are collaborating to enable Nedbank customers in South Africa to make QR payments to merchants and billers who accept Masterpass…

Contactless card transactions: A technology whose time has come?

by Will Hernandez — Editor, NetWorld Media Group

A recent study from A.T. Kearney urges FIs en masse to begin issuing contactless cards now that merchants have the necessary payment terminals and consumers…

CU members score on Prime Day

August 2, 2018

Amazon Prime Day 2018 recorded more than 100 million customer orders, making it a banner day for the e-commerce site, but also for the nation's credit unions…

Consumer fears about security overshadow future of biometric payments

August 2, 2018

Consumer security concerns could jeopordize the future of biometric payments, which are otherwise poised for growth, according to a new report from secure…

Apple Pay cracks billion-transaction milestone

August 2, 2018

Apple CEO Tim Cook talked up the company's mobile payment service in an earnings call Tuesday, touting1 billion Apple Pay transactions in the company's…