Cards

It seems we cannot go a week without news of a malware attack of some kind, be it ransomware, stolen credit card information or other security breaches. The increasing trend is that not only are organizations and enterprises affected, but also regular consumers.

ATM operator Cardtronics has expanded the roles of two executives as it transitions its commercial, operational and technology leadership to a more global level.

Canada's national debit scheme has been a mobile trendsetter in recent years, enabling the organization to pursue agreements with other national programs that want to replicate that success.

When surveyed, consumers will say security is far more important than convenience when making a payment — until they reach the checkout. Then convenience feels pretty good.

By October of this year, ATM owners in the U.S. have to replace or upgrade their machines to accept chip cards or face liability for certain types of fraud. But the upgrade and related ongoing maintenance are so expensive that cash-machine operators like Abe Ayesh, who helps manage about 8,000 ATMs mostly on the East Coast, plans to shut down some of them.

Visa Inc. has thrown its counterpunch at Walmart, saying the retailer had previously agreed to accept signature debit transactions in addition to chip-and-PIN transactions at its point of sale terminals.

Wirecard AG has agreed to buy Citigroup’s institutional prepaid card business, giving Germany-based Wirecard its first market foothold in North America.

Two Democratic Senate Banking Committee members have asked Walmart, Green Dot, and MasterCard to explain an outage in which Walmart MoneyCard users were blocked from accessing their funds.

Kroger is suing Visa, alleging the network threatened to raise fees and cut off the supermarket chain from accepting its debit cards.

U.K. youth payments startup Loot hopes to widen its user base following a new $2.2 million funding round.