Cards

Mobile wallets promise simpler payments, but the road to get there has been bumpy and, quite often, bizarre.

The date for U.S. merchants to start benefiting from preparing early for EMV smart card technology at the point of sale lurks next week. Unfortunately, the future of payments technology won’t come into clearer focus for merchants that quickly.

New players are disrupting the established order and taking market share from independent sales organizations. This rapid pace of change in payments may drive many ISOs out of business, speakers said at an industry event.

Bankers “wake up in the middle of the night” worrying about data breaches in the U.S. payment system, a Citigroup executive said this week.

Spire Payments will partner with technology investor Newland Computers in developing future products and rolling out a new line of point-of-sale terminals.

The advancement of mobile payment technology and how it correlates to the EMV conversion timelines in the U.S. was one of many topics attendees discussed at the first EMV Migration Forum meeting in mid-September.

The Coopera prepaid Visa card was ranked the fifth most affordable prepaid card by online financial planning website NerdWallet.

Sen. Dick Durbin, who led the effort to cap debit interchange fees last year, responded to the banking and credit union lobbies’ letters to Congress last week, saying the cap has resulted in a victory for consumers.

A new publication of end-to-end encryption best practices for ATMs was released by the ATM Industry Association Tuesday.

The National Restaurant Association said Tuesday morning that it is joining the growing opposition to the proposed $7.2 billion antitrust settlement with Visa and MasterCard over fees for credit card transactions, another major setback to the endangered deal.

NEW YORK – The National Restaurant Association said this morning it is joining the growing opposition to the proposed $7.2 billion antitrust settlement with Visa and MasterCard over fees for credit card transactions, another major setback to the endangered deal.

Groupon's new payments system is a small step toward a dramatic change in merchant acquiring, one that leaves ownership of consumer data up for grabs.

These days it seems like everyone is a payments company, whether their primary business is selling coffee or coupons. Wherever they come from, they're challenging the very structure of this industry.

Aiming to prompt smartphone-toting customers to communicate more than "withdraw $60" while they're frequenting ATMs, banks are playing up their social properties at their physical footprints.

The payments industry has taken it upon itself to police any entity that accepts credit or debit cards — even when that entity is the police.

Several merchant groups are asking members of Congress to hear their opposition to the swipe-fee settlement announced in July.

In an examination of 3.4 million four-digit passwords, the tech consultancy DataGenetics determined that users choose the PIN "1234" nearly 11% of the time.

BillMyParents, which provides a prepaid debit card with parental controls, announced a partnership with Autism Speaks, an autism science and advocacy organization.

Marqeta has launched a consumer rewards prepaid card in hopes of capturing the success of Starbucks' loyalty program and spreading that wealth to other merchants.

Citigroup is letting its retail customers receive e-mailed ATM receipts.