Cards

Graves had been executive vice president since 2008 at the prepaid card maker, and he has worked at InComm since 1997. In his new position, Graves will report to Brooks Smith, chief executive.

The introduction of EMV cards didn't significantly slow transaction times at U.S. retailers during the Black Friday shopping event, but there are still many wrinkles to iron out at the point of sale.

Mobile wallets have long struggled to displace cash and cards, so Ingo Money chose a different target: check-cashing.

Billions of dollars are changing hands in the ATM industry, accelerating a revolution in how self-service is used in both bank branches and retail stores.

Payroll cards are part of the emerging mobile payments capabilities that are shifting the nature of financial transactions.

Banks give a lot of reasons for providing chip cards that work with signatures, rather than four-digit PIN codes, but none of them are convincing.

Diebold and Wincor Nixdorf — which plan to merge under the name "Diebold Nixdorf" — were already in the midst of major projects to digitize bank branches and retail stores before the pressure from mobile devices led them to join forces to keep pace with innovation.

Diebold Inc. agreed to buy German rival Wincor Nixdorf AG for about 1.8 billion euros ($1.9 billion) to create the biggest maker of cash machines and security systems with more than $5 billion in sales.

At long last, the National Retail Federation has won the support of several U.S. attorneys general in its demand for chip and PIN security at the point of sale. But even this isn't enough.

As shopping gets more digital, so does fraud. The rise in technology at shoppers' fingertips provides many new channels for scammers to exploit.

In an effort to crack down on consumer fraud, the Federal Trade Commission announced Wednesday that it will ban telemarketers from using four payment methods that are frequently abused by scam artists.

Volkswagen AG's "goodwill gesture" of $1,000 worth of gift cards to owners of cars with engines that pollute more than the law allows is helping the company identify those autos when it comes time to fix them, Audi of America President Scott Keogh said Tuesday.

Apple is reportedly adding person-to-person payments to Apple Pay, based on technology from the bank-run clearXchange network. If this feature comes to market, it will face many competing systems that run on Apple's own handsets.

Millennials are increasingly shunning big banks and going local with their money.

The Shazam PIN debit and ATM network has added the Independent Community Bankers Association of New Mexico to its client list.

Gift cards don't seem like the coolest technology in the payments world, but new and reinvented digital gifting platforms are changing the conversation – by borrowing text-messaging staples like emoji.

Have consumers benefited from the Durbin amendment? Unfortunately for opponents of the Dodd-Frank Act provision that capped debit swipe fees, no one is qualified yet to answer that question.

The alliance between JPMorgan Chase and the Merchant Customer Exchange represents more than an olive branch between two industries that have typically been at war over fee revenue — it's a result of a years-long transformation in how Chase approaches its relationships with the retail sector.

Most mobile wallets clearly favor one industry over another, with banks and retailers often pitted against each other in a battle over payment card fees. JPMorgan Chase just made a stunning move by conceding some of this ground to the benefit of the Merchant Customer Exchange.