Fintech

For years, the U.S. has been divided on whether EMV-chip cards should be deployed as chip-and-PIN cards or the simpler chip-and-signature. After the Target data breach drew attention to the threat of data theft, the PIN debate seems to have lost its edge but it hasn't gone away.

Target's recent commitment to fast-track its conversion to EMV smartcard technology may not trigger an avalanche of U.S. retailers doing the same, but Target's move seems to have become a catalyst to resolve the payments industry's other issues around EMV adoption.

EL SEGUNDO, Calif. -- Though credit unions traditionally have offered better rates on savings accounts than banks, until recently CUs have not made much noise in the online marketplace.

EMV security is in the spotlight after a recent string of retailer breaches affecting magnetic-stripe card data, but many critics call EMV-chip cards "last decade's technology."

Retail giant Target Corp.'s headache-inducing data breach brings to mind the 1982 Tylenol poisoning crisis—an event that drug maker Johnson & Johnson handled with such aplomb that it restored public confidence in its medicine, altered the way retailers handle product safety and established itself as the gold standard for crisis management.

E-commerce technology provider Payza will offer an outsourced service that allows U.S. merchants to accept card payments directly into their business bank accounts.

Capital One has joined clearXchange, providing a flood of new potential end users to the bank-led person-to-person payments initiative.

Members of Affinity CU will receive EMV cards from the credit union during the third quarter of 2014.

The most loyal and engaged shoppers are the ones who still pick private-label cards, a new study says.

Bangkok Bank Public Co. Ltd. hopes to take advantage of Thailand's easy financial infrastructure to enable a number of new payment options, such as cross-institutional person-to-person payments made from a mobile phone or an ATM.