Cards

The payments industry's next big challenge may be to get out of its own way and allow innovation to unfold in an open and collaborative manner.

The National Association of Convenience Stores’ latest column on debit-card interchange fees is the most recent in the organization’s years-long effort to obtain government-mandated price controls. But such controls would only increase large retailers’ profits.

Small to medium sized businesses are often cast as unprepared for the card network's October deadline for EMV-chip card migration. But how bad can it really be?

With several of its products aimed across all demographics, American Express has no intention of turning back from what it says has been a long journey to become more inclusive as a card brand.

After the Oct. 1 EMV liability shift takes effect, the process of handling chargeback disputes could get messy for merchants unfamiliar with the new factors in play.

Fiserv has completed a test run of its card-free ATM software, in partnership with VyStar Credit Union.

It's no secret that restaurants are going to be slow to adopt EMV relative to other retail categories, but in the past two months more dining establishments have begun to focus on the business-side issues and changes to customer interaction brought on by chip cards.

The mobile technology craze is starting to sweep up loyalty programs, placing pressure on banks to brush up the reward redemption experience to meet consumer expectations.

Visa's ATM biometric trial in South Africa has the potential to spread a security technology that has encountered resistance in other parts of the world, including the U.S.

Mobile wallet providers are trying lots of strategies to widen the audience for mobile payments, including increasing transaction size and, in suretap's case, adding support for prepaid cards to attract younger consumers.

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.

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.

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.

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.