| Dick Durbin looking to become retailers’ BFF |
4-30-13
Dick Durbin is at it again.The Senate majority whip’s ability to push an online sales tax bill onto the congressional agenda showed once again that he has a knack for delivering on the retail industry’s top priorities by bypassing powerful committee chairmen and besting well-connected opponents like the banking lobby. |
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| First Data Corp. Names New CEO - Frank Bisignano |
4-28-13
One of the most trusted allies of J.P. Morgan Chase & Co. Chief Executive James Dimon left the nation's largest bank to run a payment-processing company, the latest executive to depart after a multibillion-dollar trading blunder. |
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| Retailers Object to EMV-Card Adoption — And Some May Not Switch |
4-17-13
The card networks are reporting strong progress among issuers and acquirers in the U.S. migration to EMV-chip cards, but many retailers are still lashing out against the expectation that they upgrade their point of sale hardware. |
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| Fiserv Rebrands ACCEL/Exchange to Accel |
4-16-13
The widely used ACCEL/Exchange debits payments network is now Accel, said its owner, Fiserv Inc. Fiserv said the name change reflects the network’s growth in size and functionality across retail, biller and social person-to-person channels that provide access to demand deposit account funds at ATMs and the point of sale. |
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| Judge: Interchange Settlement Opponents Disseminating ‘Bad Information’ |
4-15-13
U.S. District Judge John Gleeson, who presided over the interchange class-action antitrust suit, agreed with plaintiffs’ attorneys that sites from trade groups that have come out in opposition to the negotiated settlement—National Community Pharmacists Association, National Grocers Association and the National Association of Convenience Stores, among others—are misleading merchants. |
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| Beijing vending machines use sound to accept mobile payments |
4-15-13
Chinese Xinhua News Agency reported last week that one line of the Beijing subway system is beginning to introduce soda machines that accept mobile payments. Payments for the vending machines, deployed at two stations on Beijing Metro Line 4, are run by payment processor Alipay. |
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| WorldPay successfully raises $1billion of new loans, Gets OK to Sell U.S. Unit |
4-12-13
British payment processing company WorldPay has successfully raised a new 700 million pound-equivalent ($1.08 billion) loan that will be used in part to pay a dividend to private equity owners that have also received permission to sell WorldPay's US business, bankers said. |
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| PayPal acquires 'growth-hacking' startup Iron Pearl |
4-12-13
PayPal said on Thursday it acquired start-up Iron Pearl, bringing noted "growth hackers" Stan Chudnovsky and James Currier on board to help the online payments service expand more quickly. |
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| Test Run: What Mobile Payments Companies Can Learn From Chipotle |
4-12-13
The lingering problem with mobile payments is that it’s usually no more convenient to pay with a phone instead of cash or credit card. But a recent trip to a franchise of Chipotle Mexican Grill in Manhattan was a rare and shining moment where paying with a phone was frictionless and actually sped things up. |
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| Financial sector unconvinced about mobile payments |
4-12-13
Senior executives from the financial sector are split over the extent to which mobile payment technology has failed to take off – and what they can do to fix it. |
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| Visa, MasterCard Judge Asked to Approve Settlement, Fees |
4-12-13
Lawyers for plaintiffs in a Visa Inc. and MasterCard Inc. antitrust case over interchange fees asked for final approval of a settlement along with $720 million in legal fees and $27 million in expenses. |
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| Mobile payments raise security concerns |
4-12-13
Mobile payments technology, over time, could have a profound impact on the way products are sold, bills are paid, and money is transferred around the world. But some of the specialists who look at the new technology say they have unanswered questions about the security and privacy issues tied to the payments format. |
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| Online Payments Contribute to ACH Growth |
4-11-13
The total number of ACH transactions grew 4.19 percent in 2012 to more than 21 billion and online ACH transactions increased more than 10 percent during the same time period, according to NACHA, the Herndon, Va.-based organization that manages the ACH network. |
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| Merchants Using Interchange-Plus Pricing Continue to Overpay |
4-11-13
If you have been reading my articles over the last two years, you know that I am a huge proponent of interchange plus pricing for credit card processing. However, you also know from my articles that interchange plus pricing does not automatically mean your business has been priced correctly and competitively. |
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| EMV Implementation: Who Is Ready? |
4-9-13
With EMV deadlines approaching, merchants, acquirers, issuers and consumers are all going to be affected as new merchant terminals and messaging protocols must be developed and customers need to be educated about what EMV will mean for them. |
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| EMV Migration Forum Continues to Support the U.S. Move to EMV Chip With Significant Working Committe |
4-9-13
Following its March meeting, the EMV Migration Forum announced significant progress in Working Committee projects to support the U.S. payments ecosystem’s move to EMV chip payments. |
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| LevelUp CEO: ‘We Aren’t Running Out of Cash’ |
4-4-13
Boston-based mobile payments and loyalty provider LevelUp could be struggling for cash, despite closing on the second half of a $21 million round only eight months ago, according to a published report citing former employees and VCs. |
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| Report: Mobile Sales to Surge, Adoption Varies by Retail Segment |
4-4-13
CardNotPresent.com, antifraud technology provider Kount and payments consultancy The Fraud Practice yesterday announced the results of a survey of merchants and service providers describing their thoughts on mobile payments and their readiness to address fraud in the mobile channel. Overall, respondents believe mobile revenue will grow substantially, but projections about how much and how they are addressing fraud in the channel vary substantially. |
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| Online fraud costs e-retailers $3.5 billion in 2012 |
3-28-13
Retailers’ revenue lost to online fraud increased over the past two years to reach an estimated $3.5 billion, up 3% from $3.4 billion in 2011 and 30% from $2.7 billion in 2010, CyberSource Corp., a provider of payment processing and risk management services, says in its 2013 Online Fraud Report. |
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| Showrooming Response Garners Store Owner Global—and Unwanted—Attention |
3-28-13
Celiac Supplies, a gluten-free shop near Brisbane, generated global attention after a sign announcing a $5 “just looking” fee ended up posted on the social news and entertainment Website Reddit. |
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| Sionic Mobile debuts Starbucks-style mobile payments for national retailers |
3-28-13
Knowing a good thing when it sees one, mobile payments and rewards firm Sionic Mobile has launched Ion Rewards, a smartphone app for Apple and Android mobile devices that enables consumers to pay with their mobile phones in a similar way at an array of national retailers. |
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| U.K. Government Seeks Input on Proposed Payments Regulator |
3-28-13
The UK Treasury, which began looking at new ways to regulate the payments industry last summer when the UK Payments Council ran into criticism for the way it handled a proposal to eliminate checks in the country, evaluated several approaches and concluded it needs to create a new economic regulator with responsibility for the U.K.’s payment systems. |
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| New iPhone Security Exploits Undermine Trust In Apple's Mobile Payment Ambitions |
3-23-13
Apple introduces two factor authentication for Apple Ids two years after Google; another in a series of lock screen exploits makes it possible to reset a user’s password using only their email address and birthdate; the only protection against the exploit is to activate the two factor authentication; many users found themselves in line with a three day wait to add the authentication to their accounts. |
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| UnionPay to Ramp Up Online Merchant Acceptance |
| 3-27-2013 |
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| Apple's Rumored iPhone 5s Could Jump Start Mobile Payments |
March 21, 2013
Apple would be able to leverage it’s growing Passbook ecosystem along with its more than 500 million iTunes account that have a credit card on file to jumpstart the mobile payments in an easy to use and secure way.
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| Genesco Lawsuit Could Shake PCI Compliance Regime To Its Core |
March 21, 2013
If courts were to reverse $13 million in fines levied by Visa against the retailer, it could take a lot of wind out of PCI's sails
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| Interchange Fees Are For Suckers: LevelUp Hints At The Future Of Mobile Payments |
March 21, 2013
When you whip out a card to pay for a bottle of water, the cashier’s frustrated sigh should serve as some indication that merchants don’t like these interchange fees. And why would they? Every charge eats into their profit margins. This system has long been tolerated as nothing more than the price they pay for accepting payment that’s convenient for their customers.
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| Visa may have to pay billions for European network |
March 20, 2013
The European banks that currently own Visa Europe are thinking of setting up their own competing payments network in Europe. Not only would this mean new competition for the card giant in its European markets, but it would also mean that Visa would have to buy the European network from its current owners — at a price that could go as high as $11 billion, industry analysts said.
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| The Future of Retail: How Mobile Payments Are Changing the Retail Experience |
March 20, 2013
Retailers are trying to cope with the challenge of an increasingly mobile consumer who conducts life digitally. This means meeting consumers' expectations on a whole new playing field: the mobile device.
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| Special Report: Debit Networks Offer Common AID Solution |
March 19, 2013
A consortium of ten U.S. debit networks today proposed a common U.S. debit application identifier (AID) that will enable debit transactions to comply with the network routing provisions of the Durbin Amendment when the U.S. shifts to the EMV security standard for payment card transactions.
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| Square impressed with activations in Canada, says average mobile payment is $120 |
March 19, 2013
Square has finally released some Canadian stats. In an email Square stated that the combined number of signups for both the U.S. and Canada total 3 million. Clearly more activations are in the States, but comparing to four months after their October 2010 launch, Square is “seeing more activations in Canada at this time than we did in the U.S., with an adoption rate that is 25% higher per capita.”
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| Intuit launches into crowded mobile chip and pin payment market |
March 19, 2013
US software firm Intuit announced yesterday that its Intuit Pay app and chip and pin payment device is now available in the UK, giving small businesses a simple method to accept credit and debit card payments from cards using EMV chips.
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| Microsoft Testing ‘Zero-Effort’ Mobile Payments |
March 18, 2013
Microsoft has published a research paper detailing how it can leverage its Kinect platform—made famous as gaming technology—along with facial-recognition software to enable mobile payments without even requiring that users remove their devices from their pockets.
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| New Samsung Galaxy S4 phone includes NFC, innovative barcode technology |
March 15, 2013
The phone itself cannot be described as being greatly different from the Galaxy S3, but the new device does include a couple of features that will make it easier for users to adopt and use mobile payments.
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| U.S. e-commerce to grow 13% in 2013 |
March 13, 2013
Forrester says U.S. web shoppers will spend $262 billion in 2013.
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| Retailer Sues Visa Over $13 Million ‘Fine’ for Being Hacked |
Genesco, a sports apparel retailer, is fighting back against the arbitrary multimillion-dollar penalties that credit card companies impose on banks and merchants for data breaches by filing a first-of-its-kind $13 million lawsuit against Visa. The suit takes on the payment card industry's powerful money-making system of punishing merchants and their banks for breaches, even without evidence that card data was stolen.
3-12-13 |
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| FTC: Lack of Consumer Protections Could Stifle Direct Carrier Billing |
March 11, 2013
The Federal Trade Commission (FTC) on Friday issued a white paper examining mobile payments from a consumer protection perspective.
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| Report: Canadian Marketers Should Look Beyond Their Core to Limit Showrooming |
March 11, 2013
Most Canadian shoppers using smartphones while in stores to look for better prices— a practice known as showrooming—will remain in the store unless the discount is considerable, according to a new report
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| Guest Perspective: The Future of Payments – We Need a Paradigm Shift |
| 3-11-13 |
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| Merchants critical to mobile payment success: why you can't dismiss MCX |
| 3-7-13 |
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| Fed Data Adds Fuel to PIN vs. Signature Chip-Card Debate |
| 3-7-13 |
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| Fed: Post-Durbin Debit Interchange Down, Card-Not-Present Spending and Fraud Up |
March 7, 2013
According to a Federal Reserve report released Tuesday, debit interchange fee revenue in the fourth quarter of 2011 plummeted for issuing banks not exempt from the Durbin Amendment after its October 2011 implementation.
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| PayOne Targets Home Depot in Patent Infringement Suit |
March 7, 2013
PayOne, a San Jose, Calif.-based mobile payments and direct carrier billing solutions provider, has filed suit against Home Depot for patent infringement. PayOne claims that Home Depot’s deployment and use of PayPal’s in-store POS system infringes on patents covering the use of a mobile phone number and PIN for transactions at the point of sale.
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| Square Receives Cease and Desist Order in Illinois |
March 3, 2013
Mobile card-acceptance pioneer Square has been sent packing—perhaps temporarily—by the state of Illinois. Late last week, it was revealed that the San Francisco-based startup received a cease-and-desist order from the Illinois Department of Financial and Professional Regulation claiming it was in violation of the state’s Transmitters of Money Act.
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| Visa Partnerships Target Merchant Services and Mobile |
March 1, 2013
Visa this week signed partnerships with the largest credit-card issuer in the U.S. and the largest smartphone manufacturer in the world.
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| Payment Card Industry Data Security Standards |
Joint Statement of Jessica Dunker, President and CEO, Iowa Restaurant Association, and Scott DeFife, Executive Vice President, Policy & Government Affairs, National Restaurant Association
3-4-13
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| New Google Android Phone Has NFC Support Built In |
A newly announced mobile phone running Google Inc.’s Android software contains the hardware groundwork for mobile payments.
On Dec. 6, Google announced the Nexus S, a phone built by Samsung Electronics Ltd. that has a built-in Near Field Communication chip. |
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| ACH-Fee Hike Seen As Option To Lost Interchange |
| Financial institutions looking to make up for revenue lost should debit card interchange rates dramatically drop next year could target what increasingly has become a thorn in their side: third party automated clearinghouse debits from their customers’ checking accounts, new research suggests. |
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| Singapore Authority Calls For Nationwide NFC Plan |
| Singapore’s telecommunication regulator, the Infocomm Development Authority of Singapore, has issued a “call for collaboration” seeking participation in the deployment of an interoperable Near Field Communication payments infrastructure in the country. |
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| As NFC Heats Up, Telecom Vendors See Opportunity |
| As NFC smartphones head to market and big mobile operator groups gear up to offer mobile wallets on them, units of two of the largest telecom equipment and services vendors see a market in the making. |
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| US Telcos/Discover Form Isis JV |
| Major U.S. mobile carriers planning to launch mobile payment and other NFC services believe the sheer scale of their combined subscriber base and other value they will offer to merchants and consumers will be enough to establish a new payment brand in the United States. |
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| Deals Could Put VeriFone Atop The Terminal World |
| Through its acquisitions, VeriFone Systems Inc. soon could become the largest terminal maker in the world. |
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| MC, Visa Settle as Amex Fights U.S. Lawsuit |
| Visa Inc. and MasterCard Inc. reached a settlement with the U.S. Justice Department that will let merchants reward consumers for paying with lower-cost credit or debit cards, while American Express Co. vowed to fight a government antitrust lawsuit. |
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| AT&T, Verizon to Target Visa, MC With Smartphones |
| AT&T Inc. and Verizon Wireless, the biggest U.S. mobile carriers, are planning a venture to displace credit and debit cards with smartphones, posing a new threat to Visa Inc. and MasterCard Inc., three people with direct knowledge of the plan said. |
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| Carriers Said To Be Working On Mobile-Payments |
| Bloomberg News was the first to report that AT&T Inc., Verizon Wireless and T-Mobile USA were working together on a payments system, along with Discover Financial Services and Barclays PLC (see story). The consortium is planning to test the system in Atlanta and three other U.S. cities. |
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| US risks becoming a global centre for card fraud |
| A senior official at the US Federal Reserve has expressed alarm that the country is being left isolated by its reliance on mag-stripe cards while the rest of the world moves to more secure EMV-based Chip and PIN payment technology. |
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| Law Remakes U.S. Financial Landscape |
Congress approved a rewrite of rules touching every corner of finance, from ATM cards to Wall Street traders, in the biggest expansion of government power over banking and markets since the Depression. The bill, to be signed into law soon by President Barack Obama, marks a potential sea change for the financial-services industry.
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| Durbin wins battle to pass interchange legislation |
The Senate on Thursday passed controversial legislation clamping down on fees that card issuers charge merchants, handing Senate Majority Whip Dick Durbin (D-Ill.) a major victory.
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| Wal-Mart: “It’s Time For Chip-And-PIN In The U.S.” |
| With major card brands and the banks strongly opposed to Chip-and-PIN efforts in the United States, there’s only one way it’s going to happen–and that happened Wednesday (May 19): Wal-Mart publicly forced the issue. |
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| Hypercom, FD Step Up Attack on Card Data Fraud |
| High security electronic payment and digital transactions solutions provider Hypercom Corporation (NYSE: HYC) and First Data Corporation, a global leader in electronic commerce and payment processing, today announced that First Data has approved Hypercom as an encrypting service organization for remote key injection and that Hypercom’s HyperSafe® Remote Key System will be available through First Data’s TASQ Technology. |
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| Vermont Interchange Bill Draws Praise |
A bill that has passed the state Senate in Vermont that would allow that state's merchants to begin setting minimum purchases for the use of credit and debit cards has drawn praise from retail groups and a lobbying push from the state's credit unions.
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| Visa to phase out sig cards in New Zealand by 2012 |
| Visa says all credit cards issued in New Zealand will be Chip and PIN from next month, with signature-based transactions at the point-of-sale phased out by 2012. |
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| Big Merchants Pay $225K on Average for PCI Audits |
| Getting an annual assessment to determine their compliance with the Payment Card Industry data-security standard costs big merchants an average of $225,000, but some pay $500,000 or more and others much less, according to a new research report by Ponemon Institute LLC. |
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| EMV Gaining Momentum in U.S. |
| The MAG is quoted in this article which summrizes discussions at the recent Smart Card Alliance Payments Summit around EMV and contactless deployment in the US. |
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| MasterCard Softens a Controversial PCI Rule |
| MasterCard Inc. is changing a controversial policy, and pushing back a deadline, that it announced only six months ago regarding enforcement of the Payment Card Industry data-security standard. |
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| FD Integrating Accertify Fraud Prevention Platform |
First Data and Accertify have announced an agreement to integrate Accertify's fraud prevention platform with First Data's eCommerce processing gateways and platforms.
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| First Data and Mobile Pmts at the POS |
| First Data Corporation is a pivotal player in POS payments – a key provider of processing solutions to both the merchant and the issuing sides of the business. So it was particularly interesting to speak last week with Barry McCarthy, President, Mobile Commerce Solutions for First Data |
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| Support Grows for MC Advanced Auth for Chip |
| MasterCard has announced that it has approved personal card readers and authentication servers from four vendors for MasterCard Advanced Authentication for Chip - a new EMV authentication solution that leverages the hundreds of millions of EMV cards already in the wallets of cardholders. |
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| U.S. mag stripe cards on brink of extinction? |
| While Europe and Canada are steadily moving ahead with widespread adoption of chip-and-PIN credit cards, U.S. magnetic stripe cards are being left behind in the dust. |
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| BofA, First Data create payments company |
Bank of America Corp, the largest U.S. bank, and First Data Corp have created a joint venture to offer electronic payment services to merchants, the companies said on Monday.
The venture will combine Bank of America's brand name -- and its 240,000 merchant relationships -- with First Data's payment services technology.
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| MAG/Others ask for More Reasonable PCI Rules |
| Representatives of seven of the largest retailer organizations sent a strongly-worded letter to the PCI Council on Tuesday (June 9), asking officially for several major changes to PCI to make compliance an easier goal. |
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| Weak security opens door to credit card hacks |
Every time you swipe your credit card and wait for the transaction to be approved, sensitive data including your name and account number are ferried from store to bank through computer networks, each step a potential opening for hackers.
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| New CARD Act Requires Study of US Interchange Fees |
| Although the MAG does not address the topic of interchange fees, MAG Members want to stay informed about news related to fees. This article addresses how legislation may affect interchange. |
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| RBS WorldPay Returns as Validated PCI Provider |
| Following the successful completion of its Payment Card Industry Data Security Standard (PCI DSS) assessment, RBS WorldPay has returned to both Visa's and MasterCard's list of PCI DSS Validated Service Providers. |
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| RBS WorldPay Validates Its PCI Compliance |
| RBS WorldPay has successfully validated its compliance with PCI DSS, following the completion of its annual Payment Card Industry Data Security Standard (PCI DSS) assessment. |
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| MAG Pushes Card-Security Encryption Standard |
| This article discusses MAG's involvement with an effort to develop a standard for end to end data encryption. Please note that the MAG's only interest is in urging the payments industry to develop the best possible data security standard in an open environment. |
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| Heartland Returns as Visa PCI Service Provider |
| Following the completion of its annual Payment Card Industry Data Security Standard (PCI DSS) assessment, Heartland Payment Systems has successfully validated its compliance with PCI DSS. As such, Heartland is returning to Visa’s List of PCI DSS Validated Service Providers. |
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| Total U.S. Visa Debit Volume Surpasses Credit |
| Visa last week announced that spending on Visa debit cards in the U.S. had surpassed Visa credit card volume for the first time in the company’s history. For the period ending December 31, 2008, Visa's US debit payments volume was $206 billion, compared with credit payments volume of $203 billion. |
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| Visa & MC Fees Pose Profound Cost Increases |
| Unfortunately, this spring, Visa® and MasterCard® have cultivated some new fees that will actually burn-up the hearts and minds of some direct marketers. |
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| Cybersecurity hearing highlights inadequacy of PCI |
| The Payment Card Industry Data Security Standard (PCI DSS) is ineffective and major payment processing infrastructure improvements are needed to secure credit and debit card transactions, lawmakers said Tuesday. |
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| Visa Heartland/RBS WorldPay Stmt Brings Clarity |
A new Visa statement clarifies the positions of merchants concerned about the card brand's recent removal of two major payment processors from its list of Payment Card Industry-compliant service providers.
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| Chase Paymentech Signs Up for Online PIN Debit |
| The nation’s largest processor of e-commerce transactions this week announced its commitment to a test involving PIN debit payments on the Internet. |
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| Advisory on Securitizing MC Settlement Acct Funds |
Constantine Cannon LLP, Lead Counsel for United States merchants in the Visa Check/MasterMoney Antitrust Litigation,advises Class Members of petential change to timing of settlement payouts from MasterCard.
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| Merchants Pushing PINs, Issuers Not Signing Off |
Merchants want to route more transactions as less-costly PIN-debit purchases, but bankcard networks and issuers are keeping signature-debit alive and well.
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| EBay's Big Plans for PayPal |
Just when other companies have stopped giving financial guidance because of the unpredictable nature of today's world markets, struggling eBay plans to provide more details about its business than it has in three years, say company insiders.
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| AmEx Can’t Use Arbitration To Thwart Class Actions |
| A three-judge panel for the federal appellate court in New York reversed a lower court by ruling Friday that the arbitration provision in American Express Co. merchant agreements that requires merchants to give up their right to participate in class-action lawsuits against AmEx, or even to challenge the company as a group in arbitration, is unenforceable. |
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| Recession Is Sending Rates of Friendly Fraud Up |
| With the recession throwing more and more people out of work by the day, payments processors are reporting that their merchants are experiencing sharp increases in e-commerce chargebacks stemming from so-called friendly fraud. |
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| Heartland Sniffer Hid In Unallocated Disk Portion |
| The sniffer malware that surreptitiously siphoned tons of payment card data from card processor Heartland Payment Systems hid in an unallocated portion of a server’s disk. |
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| Heartland breach raises questions about PCI |
| "Billions is being spent on PCI compliance, but it isn't really working," says Gartner analyst Avivah Litan. |
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| Heartland CEO Calls for Industry Cooperation |
| This press release went out 1/23/09 from our valued Sponsor, Heartland Payment Systems, addressing their recent breach. |
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| The iPhone Rings Up Payments Innovation |
Apple Inc.’s iPhone accounts for only a tiny fraction of the cell phones out there, but it’s the undisputed headline grabber in the...focus of intense effort by third-party software developers who have devised thousands of applications tailored for the sleek device, some of which include banking and payments.
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| Software And Smart Phones Will Drive Mobile Pmts |
Not every cog is in place yet, but payments from remote devices, especially so-called smart phones, are poised to grow from an estimated $389 million next year to $8.6 billion in 2014, according to a new report from Mercator Advisory Group.
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| New Limits Imposed on Credit Card Companies |
| When the federal government approves new rules banning "unfair and deceptive" practices today by credit card companies, it will hand a victory to consumer groups who have long complained of lax oversi |
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| New Contactless and Mobile Tools for Merchants |
| The Smart Card Alliance Contactless and Mobile Payments Council today introduced new tools for merchants accepting or thinking about accepting contactless and mobile payments. |
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| Banks/Consumers Brace for New Credit Card Rules |
| The U.S. credit card industry, harshly criticized for imposing surprise fees and interest rate hikes on consumers, may face a day of reckoning on Thursday. |
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| How Security Mandate Could Force Out SW Vendors |
| The steady march toward more secure payment-processing software is likely to force many—possibly thousands—of small software vendors out of the market of serving merchants and card processors. |
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| Why NYCE Plans To Test 2 Online PIN Debit Systems |
| The NYCE electronic funds transfer network, which earlier this month said it will pilot PINless purchase transactions online, has become the second EFT system to agree to test Web-based debit card tra |
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| Chase Paymentech Announces Gift Card Study Results |
| Chase Paymentech, a leader in the merchant acquiring and payment processing industry, recently announced the results of a two-week survey the company commissioned to provide insight into consumers' at |
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| MC Mobile Partner Program Helps Drive Mobile |
The MasterCard Mobile Partner Program Helps Drive Growth of Worldwide Mobile Payments
MasterCard Worldwide Demonstrates Commitment to the Development of the Global Mobile Payments Eco-syste |
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| U.S. Bancorp Tests Visa's Smallest Payment Device |
| Visa Inc. (NYSE: V) and U.S. Bancorp (NYSE: USB) today announced a pilot program designed to test consumer preferences for an alternative electronic payment device, the Visa Micro Tag, the smallest Vi |
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| U.S. Bancorp Tests Visa's Micro Tag |
| Visa Inc. (NYSE: V) and U.S. Bancorp (NYSE: USB) today announced a pilot program designed to test consumer preferences for an alternative electronic payment device, the Visa Micro Tag, the smallest Vi |
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| Amex Announces Reengineering Plan |
| American Express announced today companywide reengineering initiatives expected to produce cost benefits of approximately $1.8 billion in 2009. |
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| Canada Is Set to Start Nat'l Rollout of Chip-Debit |
| Canada’s financial institutions will start issuing microchip-embedded debit cards by the end of the year |
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| Contactless Stickers Near Prime Time |
So-called stickers, or chip-and-antenna inlays that can be affixed to mobile phones or other...
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