Bankers praise SCOTUS decision to let interchange ruling stand

January 21, 2015

An appeals court previously rejected retailers' efforts to reduce the interchange cap set by the Fed pursuant to the Durbin Amendment.

ABA endorses Fiserv DNA account processing platform

January 20, 2015

The platform uses open architecture, scalable technology and capabilities to help banks achieve their business and service goals, ABA said.

Bottomline acquires cyberfraud solutions provider Intellinx

January 20, 2015

Intellinx solutions monitor, replay, and analyze user behavior across multiple channels, and instantly flag and stop suspicious activity, the company says.

Co-op breaks 3B benchmark in member payment transactions

January 20, 2015

The company also broke its previous records for volume-per-second, -minute, -hour, and -day on Dec. 24, 2014.

New research weighs importance of systems monitoring for FIs

January 13, 2015

A new research note from Mercator demonstrates why advanced systems monitoring is essential for FIs' increasingly complex IT infrastructure.

Aussie FIs' ATM fees 'an outrage,' watchdog group says

January 12, 2015

The consumer watchdog group CHOICE is particularly incensed by Bendigo and Adelaide Bank's practice of charging its customers to use their home bank's ATMs.

RBR study finds 'significant' potential for contactless in Europe

January 8, 2015

But to achieve wider acceptance, the technology must overcome the expense of POS terminal upgrades — and the persistent popularity of cash.

EMVCo to develop 3DS 2.0 spec for card-not-present payments

January 8, 2015

An enhanced EMV 3DS 2.0 specification will support additional data available during the transaction to enable more intelligent risk-based decisioning.

Software vendors reshaping merchant services distribution

January 8, 2015

New research discusses how acquirers and ISOs should be responding to an integrated payments revolution in the US.

Polish banks confirm plans to launch HCE mobile payments

January 8, 2015

The FIs will use Visa's cloud-based payment specifications for their apps.

UL adds new features to payment personalization validation tool

January 6, 2015

The tool can check any application for EMV cards, secure elements or cloud-based payments according to the latest specs from major card schemes, UL says.

Number of cyberattacks on retailers drops by half, but hit more victims per incident

January 5, 2015

Criminals still stole more than 61 million customer records in 2014, despite taking off two of the biggest shopping days.

Study: 44 percent of cyberfraud victims can't recover funds

January 2, 2015

Losses can be significant, too: The average sum stolen by cybercriminals was $218; 18 percent of respondents lost more than $1,000.

Chick-fil-A reports apparent payment data breach

January 2, 2015

In Jan. 2 announcement about the breach, the company said it was still working to determine all of the facts surrounding the incident.

Where will payments be in 10 years?

If the last 10 years has taught us anything, it's that disruptive technologies can shift the course of events in a way few would expect.

Worldpay wraps up purchase of SecureNet

December 30, 2014

The acquisition will accelerate a strategic shift from a more traditional processor to a multichannel payments integrator, Worldpay says.

Alaric updates Fractals payment fraud detection

December 26, 2014

The new release includes solutions for cross-product, cross-channel enterprise fraud detection and prevention.

New payments players must fight their way through space junk

by Dan Kramer — Senior Vice President, Marketing & Merchant Servic, SHAZAM

The payments ecosystem is much like space: It's difficult to get to; it's uninhabitable unless you're properly equipped; and it exists in a vacuum.

Global Payments, Bank of the Phillipine Islands embark on joint venture

December 23, 2014

Global Payments will contribute its Philippines merchant acquiring assets; BPI will contribute its existing merchant acquiring business.

Golden Pacific Bank teams with Digital Insight to offer mobile RDC

December 22, 2014

RDC allows Golden Pacific customers to deposit checks using the FI's mobile banking app and the camera in their mobile device.