Cards

Square's plans to install payments technology in Whole Foods stores will not hurt the processor Vantiv, CEO Charles Drucker contends.

JetPay Card Services has started a soft launch of a general purpose reloadable prepaid card, the first venture under a new leader in its young prepaid division.

The recent retail data breaches are drawing attention to instant card issuance as a way to repair consumer relationships.

The ATM Industry Association named Gregory Sahrmann and Steve Gernes as co-chairs of the nonprofit trade association's U.S. board of directors.

As more detail comes to light about how Target's data breach occurred, retailers need to completely rethink their approach to protecting card data.

Payment cards can sometimes do more than just make purchases. Some pack in odd functions; others are high-tech takes on the aging magnetic-stripe card.

First Data is partnering with The Members Group to offer financial institutions a streamlined process for issuing EMV-chip cards.

Target Corp. will move toward EMV smartcards and chip-and-PIN technology at least six months sooner than the card networks' October 2015 timeline for the security measure, says John Mulligan, Target's chief financial officer.

Green Dot Corp. is making investments to expand its existing relationships and create new partnerships to get its products in front of consumers. These moves are designed to both address the rising competition in the prepaid industry and diversify its operations as a financial institution.

ATM and branch locator apps can serve a valuable purpose for consumers seeking cash in unfamiliar territory, but there are many hurdles to keeping their data current and the machines properly branded.

After seeking public input about payment preferences, the Transport for London will no longer allow cash or coin payments on the city buses.

Payroll cards have gotten a lot of bad press over the past year, but the product is nevertheless a bright opportunity, says Rick Savard, CEO of UniRush, the company behind the RushCard prepaid cards.

Shares in prepaid card issuer Green Dot tumbled today amid fears that the firm would need to keep spending heavily to stave off new competitors, such as T-Mobile.

The likes of Apple and Amazon are becoming bigger threats to incumbent payments companies, but MasterCard CEO Ajay Banga says his company views these players as potential allies.

Online payment provider Acculynk is offering online merchants a real-time service to make payments directly to the debit card account of small businesses or individuals.

The recent spate of retailer data breaches demonstrates the need to embrace security methods such as EMV-chip cards and tokenization to protect transactions, Visa CEO Charlie Scharf told investors on Jan. 30.

Merchants can't pass the blame for data breaches onto financial institutions because protecting consumers is a shared responsibility where both sides have to meet their responsibilities.

JPMorgan Chase has partnered with electronic payment processor ElectraCard Services (ECS) and the University Students Community Organization (UNISCOO) to offer MasterCard prepaid cards to its customers in Kenya.

Total System Services CEO Phil Tomlinson took time out from discussing record revenue during the payments processor's Jan. 28th earnings call to proclaim his company safe from the slate of recent data breaches that have afflicted Target and other retailers.

Prepaid and electronic wallet provider Global Payout will enable clients to transfer funds to China UnionPay cardholders.