Transaction Processing News & Media
Tweet-storm directed at Visa points out perils of push to cashlessness
June 4, 2018
Visa made a compelling (and ironic) case for cash over the weekend, when the network when down over a large swath of Europe and the U.K. on Friday just before…
read nowFirst Data to sell portions of card processing, ATM management business in Europe
May 30, 2018
SIA, a European provider of payment infrastructure and services, has signed an agreement with First Data Corp. to acquire First Data's card processing…
read nowCzech bitcoin ATM-maker deploys 10 machines in Prague subway
May 30, 2018
General Bytes Services, a Czech Republic-based bitcoin ATM manufacturer and network operator in its home country and neighboring Slovak Republic, has deployed…
read nowFI, CU checking fees vary, but ATM fees are much the same, study finds
May 29, 2018
Forty-one of the nation's 50 largest credit unions (82 percent) offer their members free checking accounts with no minimum balance requirements or monthly…
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A change in-store? With iZettle buy, PayPal extends its reach in retail payments
by Will Hernandez — Editor, NetWorld Media Group
PayPal's planned purchase of iZettle the "European version of Square," will extend the online payment giant's reach in the retail payments space, particularly…
read nowATMs doomed Down Under, financial literacy chairman says
May 23, 2018
Will Australia be largely devoid of ATMs a few years from now? That's the prediction from Paul Clitheroe, chairman of the Australian Financial Literacy Board.
read nowEMVCo creates royalty-free mark to promote use of QR codes
May 23, 2018
EMVCo, the global technical body that manages EMV specifications, has introduced a QR payment trademark designed to promote the global interoperability and use…
read nowPCI SSC announces 'minor revision' to data security standard
May 18, 2018
The PCI Security Standards Council has published what it calls "a minor revision" to the PCI Data Security Standard.
read nowWells Fargo lets customers pay from home screen of mobile banking app
May 17, 2018
Wells Fargo & Co. has introduced Pay with Wells Fargo to the bank's mobile app. The feature allows customers to select their most commonly used payment…
read nowWirecard, Garmin partner to power contactless payments via smartwatch
May 17, 2018
Wirecard is partnering with Garmin to offer Garmin smartwatch owners a digital payment experience through Wirecard's flagship product, boon, according to a…
read nowApp aims to help bitcoin owners convert crypto to cash in a flash
May 16, 2018
MovoCash, creator of the Movo mobile payments platform and app, has launched MovoChain, a web-based service that lets owners of bitcoin and bitcoin cash…
read nowConsumers not sold on the 'Pays,' study finds
May 15, 2018
Adoption rates are declining for the major "Pays" — Apple Pay, Google Pay and Samsung Pay — according to the latest tracking results from Rhinebeck, New…
read nowAustralia criminalizes cash purchases over $10K
May 15, 2018
The Australian government has announced that, starting in July 2019, it will be unlawful to conduct a cash transaction of more than 10,000 Australian dollars…
read nowStudy finds rising aversion among US consumers to paying ATM fees
May 11, 2018
More than three-quarters (77 percent) of consumers will do "anything they can" to avoid paying ATM fees, according to newly released survey findings from…
read nowFIME, Barnes International test tool qualified against MasterCard PVT 2018 requirements
May 11, 2018
FIME and Barnes International have announced that their jointly developed personalization validation tool is qualified against the latest MasterCard PVT Tool…
read nowSt. Louis card processor deploys cash discount program
May 7, 2018
St. Louis Merchant Services, an independent credit card processing company serving small to mid-size businesses, has partnered with SignaPay Ltd. to offer that…
read nowFiserv teams with Rippleshot to offer FIs early breach detection
May 7, 2018
Fiserv Inc. has partnered with Rippleshot, a fraud analytics firm, to offer Card Risk Office Fraud Warning, an early breach detection solution that allows…
read nowNew holding company focuses on promising payments disruptors
May 4, 2018
Syncapay, a new holding company focused on high-potential payments products, has launched with the backing of Bain Capital Ventures, Silversmith Capital…
read now91 percent of US ATMs are EMV-enabled, payments forum reports
May 3, 2018
The U.S. Payments Forum has released its spring 2018 market snapshot, providing updates on the status of the U.S. EMV chip migration and contactless payments…
read nowNew operator takes over Bacs, Faster Payments systems in the UK
May 3, 2018
The U.K.'s New Payment System Operator has assumed the operational responsibility for the Bacs and Faster Payments systems, which process a combined 6.…
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