ISOs

Capital One Financial Corp. Chairman and Chief Executive Richard Fairbank says the credit card business is headed for significant consolidation and that his company intends to be one of the industry's "endgame players."

Thieves are adapting point of sale terminals to steal card data over Bluetooth connections, a new bulletin from Visa indicates.

A U.S. shift to EMV smart cards for payments helped by a recent directive from Visa Inc. may not speed up the complicated process of converting thousands of ATMs to accept the new cards. Just the same, ATM manufacturers, independent deployers and financial institutions should begin collaborating to address the change, industry experts say.

Tio Networks Corp. is looking for independent sales organizations willing to buy and set up “reverse ATMs” that collect money instead of dispensing it.

MasterCard Worlwide is urging ATM owners to add hardware for accepting chip card payments. Those that do not may be faced with a higher level of liability.

ISOs have a new opportunity to sign up merchants for a low-cost service that helps consumers pay bills, transfer funds internationally, reload prepaid card accounts and buy minutes for their cell phones.

Leave it to ISOs and agents to turn almost anything into a sales opportunity, even the Payment Card Industry data-security standards.

Ignorance may be bliss for some but not for ISO risk managers. ISOs that shoulder financial responsibility for their merchant accounts should gather as much information about their clients as they can, experts agree.

Most ISOs are turning their backs on a whole category of potential card-acceptance accounts, according to a payments-gateway provider.

The Federal Reserve Board’s rule cutting debit card interchange rates approved during summer may have seemed like the final word on the situation, but much remains uncertain.

Of all the errors a manager might commit in a sales meeting, one stands out as absolutely inexcusable, says an acquiring-industry executive.

As Visa Inc. has been ramping up its promotion of one-time-use card data for security, Discover Financial Services is winding down its support of a similar technology.

Visa Inc.’s announcement that old, static PINs will be “eliminated entirely” in favor of dynamic authentication is facing resistance because many are not convinced that the PIN is past its prime.

Merchants frustrated by the complexities of their monthly credit card transaction statements should consider having an analyst review them to avoid overcharges, a payments-processor executive says.

Banks are beginning to ramp up their credit card offerings as part of broader strategies to offset declining debit card revenue resulting from new Federal Reserve debit-interchange rules going into effect Oct. 1, analysts suggest.

Banks are beginning to ramp up their credit card offerings as part of broader strategies to offset declining debit card revenue resulting from new Federal Reserve debit-interchange rules going into effect Oct. 1, analysts suggest.

Steve Jobs' resignation increases the uncertainty over Apple Inc.'s intentions in the payments industry, but Apple's patent filings provide some clues as to where the company may be going.

TransFirst LLC, a company specializing in services that bridge the gap between ISOs and processors, is purchasing an ISO that has been a longtime client.

Can ISOs get into trouble simply by conducting sales meetings? They can if they require–instead of request–that independent agents participate.

Visa Inc.’s announcement that it expects old, static PINs to be “eliminated entirely” in favor of dynamic authentication is facing resistance–in particular because many are not convinced that the PIN is past its prime.