Investment

More small merchants are starting to comply with the Payment Card Industry security standards, which describe how to protect card data, but many merchants still do not have an incident response plan in case of a data breach.

Chip-testing provider Fime has developed an infrastructure and laboratory for Discover's contactless D-Payment Application (D-PAS) products.

SaaS-based technology provides a blended approach to remittance processing that enables financial institutions to outsource infrastructure responsibilities, while retaining the management of transaction processing, bank deposits and receivable updates.

JPMorgan Chase heavily markets its Sapphire Preferred card to travelers, but without an EMV chip, the Sapphire card was losing its luster for some users.

Paul Burmester has been appointed the new CEO of telecommunications-based fraud prevention software provider ValidSoft Ltd., replacing Pat Carroll, who will serve as the company's executive chairman.

Merchants and payment vendors who never change the default password in sensitive systems are getting fresh attention from the Payment Card Industry Security Standards Council.

More independent sales organizations are using fees to force merchants to take Payment Card Industry security standard compliance seriously.

As the U.S. adoption of EMV-chip cards encounters legal roadblocks and merchant opposition, critics have questioned whether the card networks' October 2015 deadline is overly aggressive.

MasterCard, echoing remarks made 16 hours earlier by Visa, is placing security at the heart of its emerging payments strategy.

Retailers that have long criticized the card networks' plan for them to accept EMV-chip cards are starting to view the smart-card migration as a reason to adopt mobile payments.