Stephanie Bell

Yespay International Ltd. is offering help to U.S. merchants that want to upgrade their point of sale systems to accept cards that use the EMV Integrated Circuit Card Specifications.

Consumers' changing spending habits coming out of the recession present payments companies with an opportunity to deliver new products and services, a MasterCard Inc. executive says.

The Pulse electronic funds transfer network's 2010 Debit Issuer Study found that the total fraud loss rate for signature debit was 7.5 basis points in 2009.

Despite a struggling economy and tough new regulations, credit card companies still can thrive, according to Peter Vaughn, American Express Co.'s senior vice president for global brand management.

Despite negative economic winds and the effect of tough new regulations, credit card companies should realize there are ways to adapt and stay positive in the current environment, Peter Vaughn, senior vice president of global brand management for American Express Co. told audience members during Tuesday's keynote speech at SourceMedia Inc.'s Card Forum and Expo in Orlando.

WePay Inc. has introduced an online person-to-person payment service that enables groups and individuals to collect, manage and spend money.

When Royal Dutch Shell PLC introduced a debit card last year that used the automated clearing house network, it expected to sign up 25,000 customers in 2009; instead, it tripled that number.

Stratus Rewards, a division of Stratus Media Group, is planning to introduce an elite credit card in Europe this summer that will be available only by invitation and will cater to wealthy consumers.