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Transaction Processing News & Media

OT wins Discover certification for dual interface EMV chip cards

August 24, 2016

Oberthur Technologies, a provider of embedded security software products and services, has announced that its dual EMV payment cards have been certified by…

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EMVCo intros streamlined approvals for mobile payment devices

August 18, 2016

The EMV Technical body EMVCo has announced that it has implemented a formal approval process to confirm that contactless mobile payment-enabled devices can…

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UnionPay makes new inroads in North America market

August 18, 2016

China UnionPay continues to gain ground outside of its home country; the company announced this week that its mobile QuickPass solution is now accepted in…

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Contactless takes a back burner, but it's still heating up

August 18, 2016

ATM operators keeping tabs on NFC contactless card and mobile wallet technologies will find a few interesting statistics in a study released last week by the…

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UK Faster Payments Scheme accredits Compass Plus

August 17, 2016

Compass Plus, a provider of payments software for processors and financial institutions, has become one of just five companies to achieve aggregator…

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TNS rolls out dial payments backup with single-vendor simplicity

August 16, 2016

Transaction Network Services has launched a dual diverse network for its dial payments traffic, giving acquirers full redundancy and fail-over capabilities in…

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ICC to develop ATM, POS test tool for Norwegian card scheme

August 16, 2016

BankAxept, the Norwegian bank-owned domestic card scheme, has tapped U.K.-based test tool provider ICC Solutions Ltd. to develop its POS and ATM terminal test…

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US and UK consumers embrace contactless transactions

The fact that contactless use is rising might not come as a shock, but the rate of growth might surprise you: Last year, consumers spent $10 billion using…

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CheckAlt adds LA lockbox payment processing site

August 15, 2016

CheckAlt, a provider of item and payment processing solutions, has opened a new lockbox processing site in Los Angeles. CheckAlt is launching with Commercial…

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US Payments Forum publishes update for EMV chip deployment

August 12, 2016

To help merchants and acquirers develop their strategies for implementation, payment network members of the U.S. Payments Forum (formerly the EMV Migration…

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Survey: Nearly a third of US consumers willing to use mobile wallets within next 6 months

August 12, 2016

Although mobile wallets are a relatively new form of payment, nearly 3 in 10 consumers (29 percent) say they would be willing to adopt the technology…

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UnionPay qualifies UL EMV personalization validation tool

August 12, 2016

UnionPay has approved the UL EMV personalization validation tool for testing of contact and contactless cards, according to a press release.

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Creditcall earns MasterCard emerging payment support accreditation

August 10, 2016

Creditcall, an omnichannel payment gateway and EMV kernel provider, has received MasterCard Emerging Payment Support Accreditation in program categories that…

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Partnership expands cash access for Filipinos

August 10, 2016

Fexco, an independent fintech provider, has partnered with Electronic Network Cash Tellers Inc. to launch what the companies are hailing as the first-ever…

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Which nation ranks No. 1 in card fraud? (Hint: It's not the US)

August 10, 2016

A recent Aite Group study indicates that Mexico has become the top spot for card fraud with even greater numbers of victims there than in the United States…

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Paragon, FSS strike international distributor agreement

August 9, 2016

India-based FSS, a payments and fintech provider, has signed on as an international distibutor for Paragon Application Systems, a provider of testing services…

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PSCU to launch Masterpass, Microsoft Wallet services

August 5, 2016

PSCU, a credit union service association, is launching Masterpass by MasterCard and Microsoft Wallet by the end of August.

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South Africa gets first mobile banking unit

August 5, 2016

First National Bank of South Africa has launched the nation's first-ever mobile banking unit in an effort to extend banking services to customers in rural…

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Glory deploys TellerInfinity in AFCU headquarters

August 5, 2016

Glory Global Solutions announced that its TellerInfinity assisted service solution has been installed at the America First Credit Union Innovation Center in…

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Visa's new ATM locator fee unfair, NAC says

August 4, 2016

Visa has introduced an ATM locator fee, and ATM owners are not happy about it.

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