Criminals targeting payment card data have a very hefty incentive, suggests the Trustwave 2015 Global Security Report. How much of an incentive? The return on investment in one example is 1,425%. Released Tuesday, the report quantifies the return on investment for a common type of online fraud, suggesting strategies to …

Consumers this fall will begin to dip a lot of EMV credit cards into EMV-compatible point-of-sale terminals, but not so many EMV debit cards. That’s the assessment from Mercator Advisory Group Inc. in its “Prediction for the U.S. Migration to EMV Debit Cards” report released last week. By Oct. 1, …

Two iPad-based point-of-sale system providers have made announcements that, in one instance, provide another connectivity option, and in the other, puts the spotlight on the company. Revel Systems has released a wired Internet option for its iPad-based point-of-sale product, enabling the WiFi-only device to have another connectivity option. The Revel …

Rezzcard, a provider of payments services for tenants in affordable housing, has teamed with processor JetPay Corp. to offer a Visa-branded prepaid card, called the MAC card, as well as a mobile app, to tenants living in public, Section 8, tax-credit-subsidized, and workforce-housing developments. The Rezzcard app enables users to …

Migrating point-of-sale systems to the EMV chip card standard is as much a herculean task as swapping out countertop POS terminals. Now processor Total System Services Inc. (TSYS) and POS-terminal maker Pax Technology Inc. say they have a product that can make the task easier for POS systems. The product, …

Carrying out business as usual is becoming harder to do as the payments business tries to adapt to new technologies. Asked at a recent San Francisco conference about what are the most disruptive trends in payments, 40% of industry professionals and alternative-finance executives polled cited the proliferation of mobile-wallet use …

In a time when consumers are using multiple ways—smart phones, tablets, stores, and Web sites—to shop, they are also using new ways to pay. Now, some are choosing to shop using Bitcoin, the best-known virtual currency. Some merchants, like Reeds Jewelers, accept Bitcoin primarily because customers want to use the …

Merchants, whether they sell online or in stores, consistently have one bugaboo about their payment-processing service: They want it to be cheaper. Online retailers, in particular, which pay higher card-not-present interchange rates, can use some simple practices to make a dent in these costs, as outlined this week in a …

  Lost and stolen credit and debit cards equipped with EMV chips may become the bane of e-commerce merchants. As the U.S. payment-card industry begins its gargantuan migration to smart cards, counterfeit fraud at the point of sale should decrease. But fraud in other places very likely will increase. That’s …

Consumers expect restaurants to be the top merchant type to adopt mobile payments, especially as they envision it simplifying the payment process. That’s the finding of a survey from independent sales organization Harbortouch Payments LLC, which also products point-of-sale products for restaurants and other merchants. In the survey of 1,000 …