Cards

PayPal Inc. plans to launch a chip-and-PIN version of its mobile card reader, called PayPal Here, in the UK this summer.

Paysafecard Group has added an online payment option that eliminates the need for users of the prepaid cards to enter PIN codes for each purchase.

Total System Services Inc. will begin processing LINK ATM transactions throughout the United Kingdom this year.

After gaining momentum last year for its Payzur person-to-person payment system, Atlanta-based online PIN debit provider Acculynk has gone into a higher gear with transactions routing over the Pulse network.

Once the redheaded stepchild of consumer banking, the prepaid card business now looks more like the industry's future.

Square's sales pitch has largely been based on the ease of plucking its mobile card reader of a retail store's shelf and suddenly being able to accept swiped card payments. But for some merchants, it hasn't been so easy.

When TSYS announced its purchase of NetSpend this week, it seemed like an odd fit for the 30-year-old processor. But NetSpend isn't just some tangential business line — at some point, prepaid cards (and the companies that offer them) became a very real threat.

Seeing an opportunity to mitigate the growing problem of student loan debt, student finance companies such as SimpleTuition and Sallie Mae are expanding debt management offers, including the use of card payment rewards.

ATMs can serve as more than cash dispensers for gift cards — they can dispense the cards as well, Better ATM Services Inc. says.

VeriFone Systems Inc. shares tumbled as much as 35 percent after the maker of credit-card terminals forecast second-quarter profit that missed analysts’ estimates, amid weak economic conditions in Europe.

The National Bank of Abu Dhabi is providing a customer service and security boost for its 570-unit ATM network throughout the United Arab Emirates.

Square Inc. is introducing hardware designed to work with its mobile-payment software, seeking to replace cash registers by companies including NCR Corp. and stepping up competition with eBay Inc. and Intuit Inc.

Huntington, which currently has 31 branches and 53 ATMs in the state, said it expects the machines to be installed by the middle of March.

Many merchant payment systems lack the technology needed to safely store card data, resulting in 70% of merchants not meeting data security requirements, a new report says.

CoreFirst Bank and Trust is under pressure on two fronts when it comes to payroll cards. It faces strong competition from large banks and other rivals, as well as a heavy state and national regulatory burden.

Card issuers are increasingly using social networks, coupons and rewards to boost mobile payments, but it’s a plan that can backfire if the initiatives get the wrong mix of marketing, demographics and delivery channels.

For the processor Total System Services, buying the prepaid card marketer NetSpend is transformational. For NetSpend it's going to be business as usual, the companies say.

The Payment Card Industry Security Standards Council has published its latest data security guidance for merchants accepting payments with smartphones or tablets.

By any measure, a 60-user rollout is small. But it gives MasterCard Inc. a MasterCard Mobile Wallet test that touches many Coles supermarkets across Australia.

LATHAM, N.Y. – Sunmark FCU said this morning it signed with Elan Financial Services to offer a full suite of Visa card products with newly enhanced bonus rewards options, including cash back, merchandise, gift certificates as well as travel rewards to its 45,000 members.