Analytics

AJB Software Design Inc. has helped J. Crew, an American specialty retailer, integrate EMV-chip card acceptance into its stores in Canada. And with the EMV migration deadline approaching in the U.S., the middleware provider expects more business.

Despite regulatory and legal uncertainties that could affect the U.S. EMV chip-card migration, MasterCard Inc. is telling its acquiring banks and merchants that it intends to stick to its October 2015 deadline.

A top federal official on Tuesday defended his decision not to prosecute JPMorgan Chase (JPM) for allegedly facilitating Bernie Madoff's Ponzi scheme, calling a deferred-prosecution agreement and monetary penalty an "appropriate" resolution of the bank's alleged failings.

Melissa Smith's plans for her first year as Wex's CEO sound a bit like trip around the world, with payment projects in locations as varied as Brazil, Thailand, Canada and Europe.

Alliance Data Systems Corp. replaced Barclaycard US as the issuer of Virgin America's affinity credit card this week, launching two products that are co-branded with the airline's Elevate frequent flier program through its Alliance Data Retail Services and Comenity Capital Bank divisions.

Business bankruptcy filings in the U.S. dropped 24 percent last year to their lowest mark since at least 2006, according to a report from the American Bankruptcy Institute.

The Target Corp. data breach just before the holiday shopping season triggered another round of rhetoric on the merits and shortcomings of chip-based cards. But the breach's direct effect on merchant EMV plans is largely up in the air.

Taiwan's Financial Supervisory Commission is barring Bitcoin ATMs because the country's regulatory body views Bitcoin as a false currency that should not be used by people or banks for payments.

A computer glitch at PNC Financial last week delayed overnight processing for some customer transactions.

Following the lead of other retailers, the National Retail Federation filed an appeal Jan. 2 of a U.S. District Court ruling to approve the years-long class action against the card brands that resulted in a $5.7 billion swipe-fee settlement.

Sandra Braunstein, the director of the Federal Reserve Board's division of consumer and community affairs, plans to retire on April 1, the agency announced Jan. 3.

DoubleBeam, a white-label payments provider, has started the New Year working to fix a bug that crashed the reporting server used by GoPago, which DoubleBeam purchased last month.

Alabama State Employees Credit Union has filed the first class action by a financial services company against Target Corp. over costs from the massive card security data breach.

The dramatic rise in student loan volume is a worrisome trend for policymakers, but perhaps a more troubling one for banks is a big spike in write-offs.

The December poll hosted on the National Foundation for Credit Counseling Web site revealed that more than half of the respondents, 56 percent, predicted they would be in a better place financially at this time next year.

As the impact of Target's data breach continues to widen, credit unions have been more responsive than banks when it comes to issuing new cards, according to two recent online surveys.

Family Focus FCU is helping members whose debit cards have been blocked due to the Target breach still receive 24/7 access to their money.

The Wisconsin Collectors Association is supporting a change to a state law that would raise interest rates for consumers who default on their debts.

Google Wallet users who request the accompanying plastic card can activate that card through the wallet's mobile app, a process that will become increasingly common as mobile payments advance, experts say.

Target Corp. said data related to shoppers' personal identification numbers was stolen during the recent breach of its debit and credit card system and that it's "confident" customers' accounts haven't been compromised because the information was encrypted.