Cards

The terminal swapouts that accompany the EMV chip-card migration in the U.S. should help VeriFone recover from its performance slump, according to Northcoast Research.

A new Jack Henry program can speed EMV-chip card migration for card issuers by up to a year — but only for credit cards, since ongoing legal issues hamper the use of EMV for debit cards.

Online and mobile payments processor WePay's has seen the number of developers using its application programming interface (API) grow by 284% in the past year.

PreCash Inc. has launched Evolve Money, a consumer-facing online and mobile application that allows cash-paying users a way to pay and track their bills.

The U.S. Federal Reserve’s rules for debit-card transaction fees and processing should remain in place while the central bank appeals a decision throwing out the regulations, according to retailers who oppose the new directives.

The concept of using the payments stream to promote donations is compelling because it provides an easy way to link everyday consumer payments with charitable giving.

For merchants that use mobile point of sale technology, the U.S. migration to EMV-chip cards may still be a couple of years away. Roam aims to make it possible to accept EMV cards ahead of schedule.

Mobile financial services company Paymobile has partnered Rovio Entertainment to provide an Angry Birds prepaid Visa card for Canadians.

Former Citigroup payments executive Raja Rajamannar will be the new chief marketing officer at MasterCard, effective September 9.

Jack Henry's JHA Payment Processing Solutions (PPS) will offer an expedited EMV implementation process for U.S. chip-card issuance.

Developing the Starbucks mobile payment app stands as a badge of honor in the career of Chuck Davidson, who is now the head of product for CardFree, where he continues to work alongside several of the experts who helped make the Starbucks app a massive success.

The U.S. Federal Reserve asked that its rules on debit-card transaction fees and processing be left in place while it appeals a decision that they are illegal.

PayPal's building its move into physical stores brick by brick, and its processing partnership with TSYS is one of its largest moves to date, threatening to grab payments business away from card-issuing banks.

Microsoft Corp.'s Microsoft Points, a virtual currency used to buy games and other digital media on its Xbox consoles, is being eliminated today.

TSYS has agreed to process PayPal payments made through the eBay subsidiary's partnership with Discover.

David Dove is the new group president of enterprise growth at the ATM operator Cardtronics, which is also launching a new Enterprise Growth Group.

SPRINGFIELD, Ill.-- Illinois Gov. Pat Quinn has signed into law HB 2432, which means credit unions and other deployers of ATMs will no longer be required to display a physical sign disclosing ATM terminal fees.

MasterCard's biometric security venture with the South African Social Security Agency has helped the agency distribute more than 10 million active MasterCard debit cards throughout the country.

Gas station owners may have the most difficult task of any retailers in preparing for mobile payments and EMV cards because of their dated systems and equipment — and because many of their customers fear that using their phones at the pump will cause fires.

With the fate of debit interchange rates wrapped tightly in legal red tape, the payments industry is facing uncertainty at a time it can least afford it.