Payments

ST. PETERSBURG, Fla. — PSCU says it is the nation's first CUSO certified to issue EMV-enabled debit cards on First Data's Debit Solutions platform in advance of the October EMV liability shift deadline.

Japan's NTT Docomo has become the first mobile network operator to join the Fast IDentity Online Alliance's board of directors.

Toronto-Dominion Bank, Canada's second-largest lender by assets, agreed to buy Nordstrom's Visa and private-label credit-card portfolio in the U.S. as it expands purchases in North American consumer credit.

The proposed $19 million settlement to cover financial institutions' losses from the Target data breach in 2013 has failed, and financial institutions believe public data security fears provide a strong hand in future talks.

MasterCard issuers had to cast at least 90% of their votes in favor of the Target settlement by May 20, and not enough did, the companies said. Banks and credit unions will fight for a better deal.

MasterCard issuers had to cast at least 90% of their votes in favor of the Target settlement by May 20, and not enough did. CUs and banks will now fight for a better deal.

Canada’s Beck Taxi has launched a new app that accepts PayPal and card payments and is designed to compete with Uber and Lyft in Canada’s largest city.

Hundreds of banks are supporting Apple Pay, but the cost is sparking a counter movement toward financial institutions operating their own wallets.

Startup CP Security Inc. is taking on tech giant Apple in the digital and mobile payments ring, building what CP Security calls network fabric that will bolster payments security and reduce expense.

It's hard to find a more competitive mobile wallet market than India, with 1.3 billion consumers and multiple viable wallet apps, including Freecharge, Paytm, Citrus Payment, Oxigen, Mobikwik, Zaakpay and ItzCash. But this crowd is competing for a consumer base that favors cash for all transactions.

Mobile wallets and digital currencies are providing an increasingly viable alternative to traditional card payments, prompting Visa Inc. to present a new value proposition to merchants.

While young consumers do not have a past with legacy payments methods and are most open to new innovation, most new payment systems are not adequately focused on the youth market.

How the company marketed and enrolled customers into its PayPal Credit product has resulted in a $25 million enforcement action from the Consumer Financial Protection Bureau.

Bitcoin startup 21 Inc. has revealed its plans to create a mining chip called a BitShare that would be embeddable into Internet-connected devices to continuously mine bitcoins.

Mobile devices have the potential to improve security through the use of tokenization, biometrics and account controls. But some companies have encountered recurring issues with the transition to mobile payments, and others may overlook beneficial security technologies to reduce friction.

The Consumer Financial Protection Bureau has cited PayPal for illegally signing up consumers for online credit, the agency announced Tuesday.

If Verifone wants to benefit from the major card brands' efforts to operate in China, it must confront a virtual army of independent sales organizations already selling low-cost payment terminals.

Payments startup iZettle AB, a Swedish rival to Jack Dorsey's Square Inc., will start selling a credit-card reader that lets shoppers pay by tapping the device with a smartphone or bank card.

Google's reported efforts to launch a buy button within mobile search results—and only mobile search results—is the latest sign that traditional e-commerce processes may not survive the transition to mobile devices.

Mobile wallet makers are not content to stay in their own backyards. Many prominent names in mobile payments are increasingly active on foreign soil.