Kate Fitzgerald is an Arizona-based senior editor for American Banker and longtime payments reporter. Fitzgerald began her journalism career at the San Diego Tribune, and has worked as a reporter and editor at several other publications, including Advertising Age and the Arizona Republic. She is a graduate of Lewis & Clark College and holds a master’s degree from Northwestern University’s Medill School of Journalism.
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MasterCard Worldwide’s credit card transactions are not being cannibalized by the growth in consumer debit card use, Chris McWilton, MasterCard president of U.S. markets, today told analysts at the Credit Suisse Financial Services Forum in Miami.
February 10 -
Visa Inc.'s announcement Monday that it will expand to most merchants its No Signature Required program for magnetic-stripe transactions of less than $25 could be yet another pothole in the road to adoption of contactless payments in the United States, observers say.
February 9 -
The world’s largest payment-terminal manufacturers expect to see a modest uptick in demand this year after a lengthy, recession-driven sales slump. France-based Ingenico, along with U.S.-based VeriFone Holdings Inc. and Hypercom Corp., all are cautiously optimistic about this year’s sales outlook, partly because of new data-security mandates that will require certain merchants to replace existing terminals.
February 3 -
The Verified by Visa and MasterCard SecureCode online card-security protocols are weak compared with other available options, a report concluded.
February 2 -
U.S. financial companies may be overestimating the technical hurdles of adopting the EMV Integrated Circuit Card Specifications, according to payments executives.
February 1 -
Cardtronics Inc. has appointed Steven A. Rathgaber CEO, replacing Jack M. Antonini, who left last year. Rathgaber previously was president and chief operating officer of NYCE Payments Network LLC.
January 26 -
Fear of foreign manufacturers one day invading the United States and other developed markets with low-cost hardware is another headache plaguing the world’s top payment-terminal makers (see main story).
January 26 -
The world’s leading payment-terminal manufacturers expect to see a modest uptick in demand this year after a lengthy, recession-driven sales slump. France-based Ingenico, along with U.S.-based VeriFone Holdings Inc. and Hypercom Corp., all are cautiously optimistic about this year’s sales outlook, partly because of improving economic trends in certain global regions and new data-security mandates that will require certain merchants to replace existing terminals.
January 26 -
Credit and debit card issuers face another tough year this year as the economic recovery continues, consumers keep the brakes on spending, and new legislation and data-security rules kick in. But even as they plug holes that could lead to data breaches, adjust business plans to comply with new card rules and monitor the ongoing debate over interchange rates, issuers eagerly are watching and preparing to experiment with new mobile-payment initiatives.
January 25 -
PayPal Inc. may face its most crucial test this year as it seeks to broaden its reach.
January 22 -
Consumers are eager to use contactless stickers for routine payments as a bridge before Near Field Communication-equipped mobile handsets are available on a mass scale, suggest the results of a recently completed Discover Financial Services pilot.
January 21 -
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PARIS — The global recession has reshaped key aspects of the payment card industry, executives participating in a roundtable discussion here said, but most of the panelists said the worst of the economic downturn is past and that there is some room for cautious optimism about 2010.
November 20 -
In MasterCard Inc.'s vision of the future, mobile phones have become versatile financial tools that offer a broad range of payments capabilities.
November 19 -
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November 18 -
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The poor economy is prompting many companies to shift their payments from paper to plastic, driving up volume for corporate credit cards, according to issuers.
November 12 -