Cards

Because federal regulations threw a wrench into the debit card industry as it prepared for EMV, merchants will be accepting primarily EMV credit cards when the liability shift hits in exactly three weeks.

Retail ATM provider Cardtronics Inc. has renewed its service agreement with Target Corp. as the exclusive provider of ATMs for the national retailer.

Paul Waltz is the new CEO of electronic funds transfer network Shazam, replacing the retired Michael Hollinger.

The Debit Network Alliance last week officially launched its shared application identifier (AID) for EMV debit routing, but merchants likely won't be in any rush to implement the technology despite the fast-approaching Oct. 1 liability shift.

Electronic multi-card device maker Coin has added technology to enable contactless payments at some retail locations.

First Data Corp. selected Citigroup Inc., Morgan Stanley and Bank of America Corp. to manage its initial public offering planned for this year.

Following its massive 2013 data breach, Target vowed to accelerate its EMV-chip card migration, but the retailer still just barely made the card networks' deadline.

More financial services companies are landing on MaRS, a corner of Toronto where developers are building new uses for smartphones, wearables and alternative currencies all under the same roof.

General purpose reloadable prepaid cards continue to evolve, exceeding the expectations of many, and in some ways are helping to shape the future of banking.

As part of the transition to EMV-chip cards in the U.S., some issuers are adding PIN security to cards that used to require only a signature. But as technology advances, the PIN may not provide as much security as consumers believe.