Fintech

Committees serving an independent organization seeking to help the U.S. payments industry prepare for its conversion to EMV smartcard and contactless technology have begun examining key aspects of the transition.

The U.S. migration to the EMV secure chip-card standard has been so slow that some have compared it to the country's adoption of the metric system. But after years of delays, the mobile-wallet craze changed the rules.

Visa began offering its V.me digital wallet this week with PNC, the first of more than a dozen bank partners it has lined up.

HUNT VALLEY, Md. – Atlantic Financial FCU has added the Maryland Horse Breeders Association as a select employee group.

YORK, Penn. – First Capital FCU has introduced a new loyalty program that rewards members over the age of 26 for use of cards and services, and longevity of membership.

More financial institutions are working to issue EMV chip cards while merchants are dropping bills to install the proper terminals before certain liability-shift deadlines arrive. But as this transition finally reaches consumers, some may adopt habits that negate the benefits the EMV standard provides.

Many third-party mobile payment providers, such as Google and Isis, are seeking bank partners for their mobile wallets. Should banks agree to their terms or go it alone?

In the grand scheme of mobile payment readiness and adoption globally, Japan has always been at or near the top of industry measuring sticks. Now one of Japan’s mobile communication giants is partnering with MasterCard Inc. to expand contactless payments worldwide starting in 2013.

NEW YORK – A majority of the 19 named plaintiffs in the Visa/MasterCard antitrust suit expressed their opposition to the deal this morning, hours before the settlement is expected to be filed with the federal court here.

Jumio Inc., which provides technology for accepting card payments through a webcam or smartphone camera, hired CyberSource's Michael Orlando as its chief sales officer.