Fintech

American Express Co. and Target Corp. have teamed up to launch a Target-branded prepaid card at the retailer’s U.S. stores as part of the card network’s strategy to grab a bigger share in the prepaid market.

This story has been updated from its original version.

Passengers on the Delhi subway network soon may be able to recharge their transit smart cards at ATMs and retail outlets to relieve congestion at rail stations, a spokesperson for the Delhi Metro Rail Corp. tells PaymentsSource.

Card data security risks for online merchants or those operating payment schemes via cloud computing will get much attention next year from the Payment Card Industry Security Standards Council.

M-via Inc. has rolled out a service called Boom designed to provide immigrants with a low-cost, safe alternative to high-fee funds-transfer services, the mobile-payment network provider announced Nov. 15.

Vendors’ smart card shipments could reach 7 billion next year, up 16.7% from 6 billion this year, fueled primarily by strong smart card growth in Latin America and China, vendor trade group Eurosmart announced Nov. 15 at the Cartes & IDentification conference in Paris.

Rampant data breaches have taught consumers that it is not always wise to store payment data with a third party, but soon such behavior may become the safer way to transact.

Some credit card issuers may be tempted to loosen underwriting standards this holiday season as credit card loss rates hover at record low levels. But such policy shifts could have more far-reaching implications on issuers’ bottom lines than just a few years ago, one analyst warns.

The Reserve Bank of India has authorized the transferring of funds from ATMs to mobile phones as part of an expansion of the country’s Interbank Mobile Payment Service, India’s central bank announced Nov. 9.

VeriFone Systems Inc. took another step Nov. 14 in its quest to break free of the constraints of the aging plastic card.