Retailers

President Barack Obama has appointed MasterCard CEO Ajay Banga to an administrative commission focusing on Web security.

The U.S. migration to EMV chip technology – intended to reduce card fraud, provide global interoperability, and enable safer payment transactions – may prove to be a valuable move for more than just the payments industry.

Visa insists that EMV chip card transactions take no longer to process than magstripe transactions do, but it is aware that many consumers disagree.

As banks weigh blockchain-powered clearing and settlement solutions, the Royal Bank of Canada is looking at how the technology can bolster its customer loyalty schemes.

The word “tokenization” is being used far too broadly to describe a variety of payment security methods that perform different security functions.

Citing growing social and economic pressure to speed processing, the European Payments Council wants to enable real-time payments between the 34 countries in the Single Euro Payments Area (SEPA).

Starbucks Corp. fell the most in more than two months after Deutsche Bank AG downgraded the stock, saying that changes to the company’s loyalty program may hurt customer traffic.

Global consumers have an appetite for U.S. goods, but American e-commerce merchants are making it too hard to pay, according to PayPal-sponsored research.

Nearly 60% of merchants using ShopKeep's tablet-based mobile point of sale software predict that half of consumers will be using mobile payments as a primary payment form by 2018.

For many banks, the increasing popularity of mobile payment platforms such as Venmo and Apple Pay, among millennials in particular, should be cause for concern.

The Society for Worldwide Interbank Financial Telecommunication (Swift) has created a service to help financial institutions comply with requirements governing payments messaging.

Wireless transaction and security company Apriva is pushing EMV mobile point of sale software, extending a partnership with iPayment Inc. to serve small and midsize businesses.

A recent article in American Banker suggests that U.S. Bank is beginning to charge consumers $6.95 for an instant payment.

Square will be the exclusive point of sale provider for Coachella, a large music festival, covering everything from tickets to concessions.

If merchants in the U.S. took a cue from their counterparts in Australia and began making consumers pay a surcharge for credit card transactions, it would attract more backlash than revenue.

Cutting out every step except one—opening the app—Domino's Pizza has introduced what may be the most streamlined approach yet to ordering and paying for delivery with its Zero-Click Ordering app, which launched this week for iOS and Android.

Mobile payment users are set to soar in the coming years and this is the chief reason competitive businesses need to get on board.

Citi has expanded its ThankYou Rewards program to allow its reward points to be used directly for purchases at BestBuy.com.

Some retailers falsely think that if they are using EMV chip credit cards that they have eliminated any chance of security breaches at the register since the EMV approach is stronger than conventional credit cards.

A data encryption method that Heartland Payment Systems CEO Robert Carr swears by has received high-level acceptance as part of a new standard.