Payments

Philip Campbell, founder of London-based startup Kerv, has produced a smooth, shiny piece of wearable tech that aims to tap into the growing market for contactless payments.

Apple Pay has been out for a year, so many of its partners have had time to reflect on the various issues it has faced since launch. Bank and credit union executives shared their experiences at SourceMedia's 2015 PayThink event at the end of September.

Just because you've issued chip-enabled cards to all your cardholders doesn't mean your job is done, experts caution.

Though the EMV liability has officially shifted, many card issuers are still in the process of rolling out chip-enabled cards, and there is no one right strategy.

As quick-service restaurants increase their support for buy-online-pickup-in-store—as Starbucks did last week and as Taco Bell is doing this week—they are pushing customer convenience and reduced lines.

Think of the Oct. 1 liability shift date for EMV cards as a beginning—not an ending.

Rules set by Visa and MasterCard suggest that by Oct. 1, CUs and banks will all be issuing EMV-compliant cards and retailers will have the technology to accept them. If one party is supporting EMV and the other is not, the delinquent entity will have to cover the cost of any fraud that ensues.

In updating cards with EMV technology, Visa and MasterCard have neglected an important element of what makes the security standard so successful elsewhere. The need for PIN verification is clear.

Many card issuers are well on their way to the migration to chip cards or have a plan to do so. But many merchants are still completely unaware of the shift in fraud liability taking effect Thursday.

In Canada, there is no Apple Pay, Android Pay or Samsung Pay. But there is a Royal Bank of Canada mobile wallet, despite the bank being challenged to explain why it has been so aggressive on the mobile scene.

Twitter's goal of becoming a payments engine has gotten a boost, as Bigcommerce will support Twitter's 'buy buttons.'

When major card networks revealed the EMV chip card liability shift timeline four years ago, the Merchant Advisory Group was quick to make its stance clear: A conversion to chip cards won't mean a thing without a PIN authorization to go with it.

Oregon Community Credit Union says it leveraged the EMV liability shift date as a way to plant its flag as a technology leader among financial institutions in the Pacific Northwest.

A year after its launch, Apple Pay has infiltrated numerous banks and merchants and two generations of Apple handsets. But its actual usage isn't close to living up to the hype.

The $17 billion-asset holding company for First National Bank of Pennsylvania plans to use the proceeds for general corporate purposes, according to a Wednesday news release.

Some critics argue that it's a bad idea to introduce chip cards without PIN requirements. But this debate is a distraction from the payments industry's robust and multifaceted efforts to fight cybercrime.

Financial technology provider VSoft and payments technology provider Payveris have expanded an existing partnership to integrate payments technology into VSoft's new Iris Omni-Channel banking platform.

Like most financial institutions, First Financial Credit Union was not an Apple Pay launch partner. And because of that, it was able to deploy Apple's mobile wallet with just $2,500 in marketing costs.

Like most financial institutions, First Financial Credit Union was not an Apple Pay launch partner. And because of that, it was able to deploy Apple's mobile wallet with just $2,500 in marketing costs.

Pushing for more businesses to convert to electronic payments rather than using paper checks, the Remittance Coalition plans to have a working model in place next month for a business-to-business payment directory and network.