The message about EMV and its payment-processing benefits is not sinking in with smaller merchants. That’s the assessment from Heartland Payment Systems Inc.’s chief executive Robert O. Carr, who says Heartland is responding by offering all-in-one security technology that includes but goes beyond EMV. “Well, resonating would be an overstatement,” …

Visa Inc.’s branding and marketing strengths were what won Costco Wholesale Corp. over from American Express Co. in a set of exclusive acceptance and cobrand agreements announced early in March, according to Visa chief executive Charles W. Scharf, who spoke Thursday afternoon during a conference call to discuss Visa’s results …

Brian V. Mooney, who on Tuesday took over as interim chief executive of the retailer-controlled Merchant Customer Exchange LLC payments consortium, brings strengths to the organization that could prove valuable when MCX at last launches its long-awaited CurrentC mobile-payments system, sources tell Digital Transactions News. And, by some accounts, he …

Transaction volumes, revenues and profits all headed up smartly for MasterCard Inc. in the first quarter. But MasterCard on Wednesday also reported laying out nearly $900 million in rebates and incentives during the quarter to build future volume in an increasingly competitive global card marketplace. In the United States, total …

MasterCard Inc. announced Monday it is spending $600 million to buy Applied Predictive Technologies Inc., an Arlington, Va.-based company that provides analytics services to retailers, financial institutions, and other companies. The deal, expected to close in the second quarter, provides MasterCard with yet another service for merchants. “Merchants, like financial …

By Jim Daly Tests of alternative payments and smart-phone apps are in the cards for the U.S. Treasury Department’s Bureau of the Fiscal Service. The Bureau has excised more than 90% of the paper from its payments processes but still must traverse a difficult “last mile” to become a nearly …

Retailers will take their time upgrading their point-of-sale systems for compatibility with the EMV chip card standards, finds EKN Research’s “2015 Retail Point-of-Sale Blueprint” report. Only a minority of retailers—mostly the largest ones—will be ready by Oct. 1, though within two years 70% of them will be ready for the …

By Jim Daly Continuing its effort to get a massive data breach behind it, discount retailer Target Corp. announced Wednesday a $19 million settlement with MasterCard Inc. to compensate banks and credit unions for the fraud and card-reissuance costs they incurred for their MasterCard-branded credit and debit cards affected by …

By Jim Daly PayPal Inc. says the federal Consumer Financial Protection Bureau might sue it over its credit products by June 30. The possible lawsuit would stem from an investigation dating to 2013, when the CFPB in August of that year filed so-called civil investigative demands (CIDs) for documents, testimony …

  As the U.S. payment card industry continues its monumental shift to EMV chip card technology, one group of merchants will lag. More than 70% of small merchants will not be EMV compliant by Oct. 1, the date the card networks have set to shift liability for point-of-sale fraud to …