Payment processing

Merchants are facing consumer lawsuits stemming from the introduction of EMV-chip card security at the point of sale in the U.S., exposing the issues many stores must contend with now that they are held liable for fraud and chargebacks.

Merchants have long sought to change how the card networks charge fees, and are getting a new chance after more than a decade of court squabbles.

Grocery chain Aldi, which manages overhead by requiring consumers to bag their own groceries, is a late adopter--but it is starting to add new payment types.

First Data has secured a partnership with Silicon Valley Bank, giving the payments technology provider and processor a front seat to take notes on all of the technology development taking place among the bank's clients.

While the most common early use case for Internet of Things involves a smart refrigerator detecting its owner is out of milk and then automatically debiting a bank account to order more, the technology opens a vast trove of data that can have a major impact for both cross-selling and risk.

Early Warning's clearXchange is starting to show the bank-led network's potential to catalyze faster processing, and now the enterprise is also executing on its broader goal to power other products beyond person-to-person transfers.

Malaysian remittance company Metro Money Exchange has selected Dragonfly Fintech, a Singapore-based blockchain technology provider, to power its remittance business.

Tablet-based point-of-sale provider Appetize has landed the contract to provide terminals at the new U.S. Bank Stadium in downtown Minneapolis, where games for the NFL Minnesota Vikings, and other special events will take place.

A new assault on the major card brands over debit transaction routing got a boost this week when Home Depot sued Visa and MasterCard, alleging the card brands are pushing for the more expensive signature debit routing.

TSYS Managed Services is now a wholly owned unit of Total System Services.

On the surface, Walmart Canada's decision to stop accepting Visa credit cards in protest of its fees comes across as simply another conflict between the giant retailer and the card network. But it's setting the stage for something bigger.

With everything they need right at their fingertips, millennials are having a major influence on a rapidly evolving consumer landscape.

JPMorgan Chase has yet to launch its Chase Pay wallet app, but it's lining up some formidable allies. The wallet's underlying technology was years in the making, giving Chase an edge in winning merchant partners while tapping into a sizable consumer base.

The news that Shell Oil has agreed to accept Chase Pay at more than 6,000 gas stations couldn’t have come at a more interesting moment.

Kyle Largent offered himself up as "Exhibit A" for U.S. online merchants' greatest fear: that EMV chip card adoption at the point of sale would cause fraud to spike online.

Consumers enrolled in the CurrentC mobile wallet in Columbus, Ohio will be cut off after June 28 when the year-long pilot conducted by Merchant Customer Exchange (MCX) ends.

Verifone is taking a scalpel to its business after seeing soft results during its second fiscal quarter, enacting a plan to cut 5% of its personnel and look for opportunities to jettison older, underperforming parts of its business.

U.S. card issuers lose $10.9 billion each year to card fraud, according to research released Tuesday by LexisNexis Risk Solutions.

Compared to the United States, other geographies have seemingly had an easier task to bring real time payments to market – simply based on their size.

Chili’s Grill & Bar, hurt by a shift away from sit-down dining, is hoping to win back customers with a new tactic: bringing food to them.