Credit Cards

Consumers using the Phillips 66, Conoco, or 76-branded smart-phone apps soon will be able to pay for fuel using their checking accounts thanks to an integration with Buy It Mobility Networks, a New York City-based payment and customer relationship management platform. Announced Tuesday, the service will be available soon, says …

Visa Inc. reported Tuesday that it has invested in Billtrust and is working with the business-to-business payments provider to streamline the reconciliation of B2B payments and increase the automation of virtual card payments for financial institutions and their corporate customers. The companies did not reveal the size of Visa’s investment, …

The Durbin Amendment’s debit card interchange price cap took effect six years ago this month, prompting a merchant group to celebrate the occasion and claim the measure has saved consumers and merchants $48 billion. But a lobbying group of payment networks and banks derided those savings estimates and once again …

Ever since ride-sharing apps like Uber and Lyft came along, processors and merchants have been captivated by the idea of running transactions entirely in the background, without any checkout. That concept will emerge over time, but in different forms and not necessarily with checkout-less experiences, according to research released Tuesday. …

The number of U.S. merchants that accept EMV chip cards at the point of sale is increasing rapidly, according to recent figures from Visa Inc.,  but it’s going to take some work by merchant acquirers and payment card networks to convince the holdouts to convert. Executives from two of those …

EMV chip card payments at the U.S. point of sale have been around, officially at least, for two years now, but consumers still perceive them as slow, and many merchants still don’t accept chip cards, according to a poll of consumers and retailers by merchant processor Cayan. The time to …

Add Sonic Drive-In to the roster of merchants that have experienced a breach of their payments systems. The Oklahoma City-based fast-food chain confirmed to Digital Transaction News that it has been investigating the incident. On Tuesday, security blog KrebsOnSecurity.com reported the breach affecting an unknown number of Sonic’s point-of-sale systems. …

Fraud-related expenses for merchants are rising as a percentage of revenues, and merchants now spend 10 times as much preventing fraud as they lose to chargebacks, according to new findings from Javelin Strategy & Research. Pleasanton, Calif.-based Javelin says its June study of 497 e-commerce merchants found that merchants in …

For years, experts have predicted electronic payments would finally turn the check into an historical artifact. But data released last year indicate that the long-term decline in check volume has slowed, and now experts are trying to figure out why and what the ultimate check-killer will be. When the Federal …

Payment-security technology provider Gemalto NV reported Wednesday that, around the world, some 1.9 billion records were compromised by data breaches in 2017’s first half, up 164% from 721 million records compromised in the last six months of 2016. The outlook for 2017’s second half is grim in light of the …