Prepaid cards may find favor among younger consumers, one survey finds, while another reports prepaid card programs sport a wide range of fees. Also, armored-car company Brink’s has jumped into the prepaid card mix. Fees on 31 prepaid card programs surveyed by Bankrate.com are scattershot, with the types and amounts …

By Jim Daly With the U.S. payment card industry’s eyes glued on the coming of EMV chip cards, the main standards body for card security is trying to remind merchant acquirers, merchants, and card issuers that there is more to security than simply embedding a chip into a piece of …

By Jim Daly Merchant processor Heartland Payment Systems Inc.’s outspoken chief executive Bob Carr weighed in Friday with a statement on Indiana’s controversial Religious Freedom Restoration Act. Carr says the law could relegate some people to “second-class status” and is an “invitation to discriminate.” “It is deeply troubling that the …

As Transact 15, the Electronic Transactions Association’s annual conference held this year in San Francisco gets under way, acquiring industry vendors and companies are releasing a bevy of news. Among the vendors making announcements is Clearent LLC, a payment-services company based in Clayton, Mo. Clearent says it will resell CardFlight …

  It’s a familiar refrain in payments: For consumers to use a payment method there has to be places to use it. Apple Pay, it seems even with all of the hoopla surrounding it, is no different. That’s what a recent report from Phoenix Marketing International, a Rhineback, N.Y.-based firm, …

After long belittling near-field communication technology by joking that its acronym, NFC, stands for “Not for Commerce,” PayPal Inc. before the end of the year will launch a new version of its mobile wallet featuring the technology. PayPal, which has been working with NFC in Australia, will replace its current …

  Smart phones may become a strong ally to fraud-plagued e-commerce merchants in helping to verify the location and identity of an online shopper. Online fraud is often committed by criminals who manipulate their computer’s location data and other attributes to make it appear they are who they say they …

  Merchants looking for a way to secure e-commerce and mobile-commerce transactions made with credit and debit cards have a new option with the debut of an update to Acculynk Inc.’s PaySecure service. The Acculynk technology allows consumers to make PIN-based transactions on their PCs and mobile devices. The Atlanta-based …

Apple Inc.’s Apple Pay mobile-payment system has taken some hits over rumors of rampant fraud. According to some reports, Apple Pay fraud is 60% higher than mag-stripe credit card fraud. And now, with the announcement two weeks ago of the Apple Watch and its support of Apple Pay, there is …

The viral popularity of peer-to-peer payments among younger consumers hasn’t gone unnoticed at the massive social networks that serve their needs for instant communication. Facebook Inc. on Tuesday said it has introduced a P2P payments service on its Messenger platform and will be rolling it out across the country “over …