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Visa Inc. no longer will require merchants outside the U.S. to annually validate their compliance with the Payment Card Industry Data Security Standard if three-fourths of their transactions comply with the EMV chip-and-PIN standard, the network announced Feb. 9.
February 9 -
Warning lawmakers that the Federal Reserve Board’s proposed new debit-interchange rules likely would thwart national job growth, the American Bankers Association and 55 other state and community banking associations urged members of Congress in a Feb. 8 letter to “intervene immediately” to block the rule’s implementation.
February 9 -
For the fourth consecutive quarter, TransUnion’s Credit Risk Index declined, indicating consumers were less of a credit risk in 2010 compared with the previous year, the Chicago-based credit bureau reports.
February 9 -
The ability to initiate payments with mobile phones has captured the imagination of many groups, including consumers, merchants, payment card brands and wireless carriers.
February 9 -
U.S. Bancorp’s Elavon Inc. merchant-processing unit has Class B-certified Hypercom Corp.’s SPOS32 EMV payment software on Hypercom’s T4200 and M4200 payment devices in Canada, the Phoenix-based terminal maker announced Feb. 9.
February 9 -
Payment-processing platform provider Aptys Solutions had added automated clearinghouse functionality to its PayLogics processing platform, the Rockwell, Texas-based company announced Feb. 9.
February 9 -
Visa Inc. is paying $190 million in cash to buy PlaySpan Inc., a private company that provides e-commerce services to developers of online games and smartphone applications, the card brand and network announced Feb. 9.
February 9 -
Lakshmi Vilas Bank Pvt. bank has become the 10th bank in India to launch the Internet Mobile Payment Service in India, a spokesperson for the Karur-based bank tells PaymentsSource.
February 9 -
Merchants using direct marketing services from Marketing Architects Inc. will be able to determine faster whether a consumer’s payment card is valid through a new authorization service the company is using from VeriFi Inc.
February 8 -
As the mobile-payments ecosystem continues to take shape, Total System Services Inc., or TSYS, is dipping its toe into the pool for the first time through a partnership with a Singapore-based trusted service manager for financial institutions, retailers, transit operators and mobile-service providers.
February 8
