Debit Cards

Despite non-stop news reports about data breaches, Americans over the past year have gotten sloppier about their usage of passwords to protect their financial accounts online. That’s the word from research firm Aite Group LLC and Visa Inc., which recently announced results of their second annual Global Security Engagement Scorecard …

Mastercard Inc. is doing away with a rule requiring merchants to get signatures for transactions made with its credit and debit cards in the United States and Canada. Announced early Thursday, Mastercard’s rule change goes into effect April 13, 2018, allowing issuers, merchants, and processors time to make adjustments, though …

Issuers, merchants, and processors all share the same dilemma when attempting to authenticate an online identity. They are bedeviled by personally identifiable information easily accessible to criminals that they can use to spoof authentic consumers. In response, Visa Inc. on Thursday announced the Visa ID Intelligence service, which it says …

PayPal Holdings Inc. has been talking for more than a year about allowing users of its popular Venmo person-to-person payments app to use the app to pay merchants. On Tuesday, the payments company threw the door wide open for Venmo, announcing it can now be used to pay at as …

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. …

Elan Financial Services, a processing unit of U.S. Bank, announced it has worked with Ondot Systems to allow two-way communications on the My Mobile Money app. The app now allows issuers to communicate directly with cardholders to confirm debit card transactions. Belgian postal operator bpost has acquired Radial, a U.S. e-commerce …

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 …

In the age of electronic payments, cash is getting more and more expensive—even when accessed via electronic means. Nationwide, it costs consumers $4.69 to withdraw money from a so-called out-of-network ATM. That’s up 2.6% from a year ago, according to the latest data from Bankrate Inc., a New York City-based …

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 …

It was just over a month ago that a ranking U.S. Department of Justice official told Congress that Operation Choke Point had ended. But the ATM Industry Association on Wednesday said it is distributing materials to its members to help them deal with the “lingering impact” of the controversial program. …