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Transaction Processing News & Media

Lost in translation: What do all those contactless terms mean?

All members of the payments ecosystem gain from contactless technology and transactions, but an important first step is to start talking about contactless…

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Absa intros Masterpass digital wallet

July 22, 2016

South African bank Absa has launched Absa Masterpass app, a MasterCard digital wallet that allows users to make contactless payments via smartphone wherever…

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Cats and dogs come together as Visa, PayPal partner

July 22, 2016

PayPal and Visa have announced an unprecedented U.S. strategic partnership that intended to result in an improved and easier payment experience for Visa…

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Elavon, Capital Bank ink exclusive payments processing deal

July 22, 2016

Elavon, a payments provider and subsidiary of U.S. Bancorp, and Capital Bank Financial Corp., a southeastern regional bank, have struck a multiyear payment…

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MasterCard to acquire parent company of Link ATM network

July 21, 2016

MasterCard Inc. today announced that it has entered into a definitive agreement to acquire 92.4 percent of VocaLink Holdings Ltd. for approximately $92…

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EMV Migration Forum to assume new name, focus

July 21, 2016

The EMV Migration Forum is changing its name to the U.S. Payments Forum to reflect a broadening mission to support the payments ecosystem.

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Companies combine big data, biotech to combat transaction fraud

July 21, 2016

Swiss-based NetGuardians and Sweden-based BehavioSec are integrating their complementary technologies to provide complete fraud protection for financial…

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Source Technologies intros mobile prestaging for personal teller machine

July 19, 2016

Source Technologies, a provider of integrated solutions for managing financial transactions, has enhanced its personal teller machine to include proximity…

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FIS, PAI to roll out of cardless cash access at retail ATMs nationwide

July 19, 2016

Fintech provider FIS and independent ATM deployer Payment Alliance International have announced a partnership that will allow consumers to withdraw cash from a…

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TSYS, Lloyds re-up card processing agreement

July 19, 2016

Lloyds Banking Group, a U.K.-based provider of retail banking services, has renewed its agreement with TSYS for processing of the bank's U.K. commercial card…

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Rapid shift in payment preferences more perception than reality, report says

July 14, 2016

While the U.S. has moved from paper payments to electronic payments over the last two decades, changes in consumer preferences have not been as sudden and…

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Early Warning adds big-name banks to real-time P2P network

July 14, 2016

Early Warning, a provider of real-time payments, authentication and risk mitigation, has announced that Capital One, Chase and Wells Fargo will offer real-time…

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Elan puts debit card management in cardholder hands

July 12, 2016

Elan Financial Services, a division of U.S. Bank and a provider of ATM and debit processing, has launched a suite of mobile service offerings that allow…

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Walmart Pay completes nationwide rollout as impressive returns roll in

by Will Hernandez — Editor, NetWorld Media Group

After months of staggered rollouts, the retailer's mobile wallet is now online at all of its 4,600-plus locations across the country — and boasting a repeat…

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The best of June at ATM Marketplace

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

Summer is here, which means it's time to chill, grill — and get into high gear on making ready for the fast-approaching deadline for EMV, a subject touched on…

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MasterCard blesses UL EMV tool for CPV testing against 9.2 spec

July 5, 2016

UL has announced that its UL EMV card personalization validation tool is ready for testing of both contact and contactless payment cards according to the…

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EMV liability shifts: A backward stampede by the networks? [Corrected]

As retailers file suit and legislators fire off letters of inquiry, the card brands seem to be mitigating the harsher aspects of their liability shifts. Could…

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VirtualATM trims time required for ATM transaction testing

June 30, 2016

Paragon Application Systems, a testing services provider for the financial services industry, has introduced VirtualATM, a simulator designed to replace…

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Hardware group allies with PAI for processing, payment services

June 28, 2016

The North American Retail Hardware Association and Payment Alliance International, a provider of ATMs and payment-related services, have formed a partnership…

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The terrible toll of going cashless

by Richard Buckle — Founder and CEO, Pyalla Technologies, LLC

On a recent road trip, ATM Marketplace blogger Richard Buckle recently discovered that not carrying cash can get very, very expensive.

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