David Heun

Evertec Inc., a significant acquirer processor and card issuer in Latin America and the Caribbean region for 25 years, is casting part of its business as that market's Square Inc. and looking to supercharge its payments business after its April 12 initial public offering.

Canada is now the second country offering consumers MasterCard Inc.'s MasterPass digital wallet, with an emphasis on e-commerce sites for travel, grocery and discount stores.

After months of concern about MasterCard's April l9 liability shift for ATM owners accepting Maestro cards, the National ATM Council says it has established a workable solution with the card brand's offer of fraud screening. But another ATM trade group isn't celebrating just yet.

MasterCard will vet all Maestro card transactions at U.S. ATMs with fraud-screening software to alleviate the concerns of ATM owners who are not prepared for the card brand’s April 19 liability shift.

Retailers unhappy about a proposed $7.5 billion swipe-fee settlement in a case against Visa Inc. and MasterCard Inc. received a momentum boost this week when the Retail Industry Leaders Association chose to opt out of the settlement.

The retailer-driven Merchant Customer Exchange mobile payments venture is making a lot of noise, though it has yet to reveal its product. But since the final MCX app will interact with those made by its individual retailers, CVS Caremark Corp. can serve as an early example of the venture's potential.

EMV smart-card migration preparations in the U.S. will take on a more serious tone when the responsibility of covering fraud losses begins to shift.

Deutsche Telekom will partner with two vendors to push Near Field Communication-based mobile payments at the point of sale and at vending machines in Germany.

There will be significant growth in mobile payments over the next five years, Javelin Strategy & Research predicts, but most people still don't make payments with their mobile phones today.

Milan-based mobile point-of-sale startup Jusp has secured $6 million in an initial round of funding for its chip-and-PIN mobile card reader, which it plans to launch in Italy.

Seattle-based iKaaz LLC figures the best way to make contactless Near Field Communication payments truly mobile is to create a reader that turns mobile phones into point of sale terminals.

When Colonel Harland Sanders created the Kentucky Fried Chicken franchise in 1955, he couldn't possibly envision how customers in Europe would pay for his fried chicken in 2013. Many will soon use a KFC mobile wallet to feed their fried-chicken cravings.

Lawyers representing retail trade organizations in the class action over card swipe fees are preparing "a strong response" to allegations that they are misleading in how they urge their members to oppose the proposed settlement in the eight-year-long case.

ReD plans to introduce its fraud prevention services in Latin America and the Caribbean, two growing card payments markets that are undergoing migration to EMV smart cards.

Online merchants reacted to Visa's creation of 3D Secure to protect card-not-present transactions more than a decade ago with a resounding thud. But the software has become a viable option to protect card data online, according to a new report from Aite Group.

The April 1, 2013 deadline for U.S. acquirer processors to accept EMV smart-card payments has arrived.

As the U.S. adopts the EMV smart-card standard, banks must address their own needs, such as replacing the transaction switch of their payment routing systems, according to Acquirer Systems of Dublin, Ireland.

Cashcloud SA, a start-up venture in Luxembourg, is testing a mobile wallet and rewards currency throughout much of Europe.

Nine Italian banks will begin a nationwide rollout of MyBank, an electronic payment system that allows bank customers in the Single Euro Payment Zone to make e-commerce purchases through online banking.

Acculynk's PaySecure will soon allow China UnionPay debit cardholders to make online PIN purchases at U.S. merchant websites.