RBI pushes Indian banks to meet EMV liability shift deadline

May 31, 2016

The Reserve Bank of India has issued a bulletin to the nation's banks, advising them of the need to enable their ATM fleets for EMV chip-and-pin cards before…

PayNearMe acquires consumer financial management app Prism Money

May 31, 2016

Electronic cash payment network PayNearMe has acquired consumer financial management app Prism Money. According to a press release, the move will allow…

JCB strikes deal with Chinese travel agent for prepaid travel card

May 31, 2016

JCB International Co. Ltd., a subsidiary of JCB Co. Ltd., has struck a license agreement to issue prepaid bankcards (i.e., "electronic travel checks") for use…

MasterCard urges industry collaboration to speed up EMV transactions

May 26, 2016

MasterCard is working with other acquirers, processors and payments networks on a standard to shorten checkout times for EMV transactions, according to a…

Study predicts major rise, fall in US counterfeit card fraud through 2020

May 25, 2016

Aite has published a new study that tracks a massive and rapid increase in card fraud in the U.S. as the nation's POS and ATM systems make the transition to…

Study: Cash is tops but brand perception is driving payments innovation

May 24, 2016

Americans' use of a wide array of payments options, and their demand for others, is driving innovation in payments. Additionally, the payment process has…

From game-changer to game over: CurrentC leaves the field

by Will Hernandez — Editor, NetWorld Media Group

After four years, millions of dollars invested and one limited pilot test, the mega-retailers behind the much-touted, oft-delayed mobile wallet have more or…

EFT networks reach new markets with dual-message products

May 20, 2016

Several EFT debit networks are launching or developing dual-message debit solutions, in which authorization and clearing are accomplished in two separate…

Durbin goes after the card networks again; this time over EMV

'EMVCo standards have been technologically inadequate and their implementation has caused chaos in the U.S. market ... ' With these words, the senator from…

Conformance Technologies rolls out PCI DSS 3.2 compliance validation

May 17, 2016

Conformance Technologies, a provider of operating systems used in managing business compliance requirements, has released its PCI ToolKit.

NuSource, MDT to cross-sell ATM processing solutions, core systems

May 17, 2016

In a newly formed strategic partnership, Member Driven Technologies, a Michigan-based credit union service organization, and NuSource Financial, a transaction…

VocaLink inks deal for UnionPay acceptance at ATMs in UK, Europe

May 17, 2016

VocaLink, an international payment systems provider, has struck a five-year deal with UnionPay International that will allow UnionPay cardholders to withdraw…

Smart wallet turns mag stripe reader into tap-and-pay device

May 17, 2016

 X Lab, a Newport Beach, California-based tech firm, has rolled out Spendwallet, a smart wallet that electronically consolidates credit, debit and gift cards…

Dallas transit launches NFC payment card, cash loading capability

May 16, 2016

Dallas Area Rapid Transit has partnered with PayNearMe to allow travelers to load transit cards with cash. The company also has launched a new GoPass card…

Barclays launches alternative to Android Pay

May 13, 2016

Barclays is not waiting for Android Pay to launch in the U.K. and has introduced its own alternative, Barclays Contactless Mobile.

Creditcall chalks up five EMV processing certifications

May 13, 2016

Creditcall, an omnichannel payment gateway and EMV kernel provider, has added TSYS and Heartland to its roster of U.S. processors that have certified the…

Aussie bank ANZ enables ATMs for UnionPay chip cards

May 13, 2016

Australian bank ANZ has claimed a first with its acceptance of China UnionPay EMV cards at its ATM and POS terminals across nine countries in the Pacific.

Ethiopian banks attain ATM, POS interoperability with SmartVista

May 12, 2016

BPC Banking Technologies, a provider of payment solutions, and EthSwitch S.C. have announced the launch of the national payment system of Ethiopia, using…

Wal-Mart sues Visa in chip-and-signature spat

May 10, 2016

Wal-Mart Stores Inc has filed suit against Visa USA Inc in a complaint alleging that the retailer is being pushed to use chip-and-signature rather than…

UK consumers place high value on mobile banking

May 10, 2016

A consumer survey conducted by Juniper Research has found near universal satisfaction among U.K. mobile banking users, with 98 percent of those surveyed saying…