Issuing/Originating

The first chapter in the U.S. conversion to the EMV chip card standard is not even complete, but a leading payment card manufacturer sees growing interest in the next chapter, one that could be centered on so-called dual-interface cards that enable contact and contactless transactions. The vast majority of U.S. …

Green Dot Corp. announced a number of a new products Wednesday and said it was getting into lending in order to generate new revenues and expand beyond its prepaid card base. Under pressure from a large investor to boost its bottom line and flagging stock price, Pasadena, Calif.-based Green Dot reported …

With an eye to giving credit and debit card holders a measure of greater control, MasterCard Inc. unveiled a new alert feature that provides issuers with verifiable data about a cardholder’s location. That can help prevent authorization refusals, for example, when the cardholder travels. Available now in the United Kingdom, and …

Visa Inc. has launched Visa Consumer Transaction Controls, a service that lets Visa-card issuing institutions offer cardholders the ability to set transaction limits with their credit, debit, and prepaid cards. Visa says it works with more than 14,000 financial institutions, but does not provide a U.S.-specific total. Announced Tuesday, the …

MasterCard Inc. on Friday said purchase volume made with its U.S.-issued credit and debit cards grew by 8.7% in the fourth quarter and 7.7% for all of 2015, compared with the same periods a year ago. MasterCard also said the number of U.S.-issued credit and debit cards increased. In the …

Payments-technology provider ACI Worldwide Inc. said it plans to sell its Community Financial Services (CFS) unit to bank processor Fiserv Inc. for $200 million in cash. CFS, which provides online and mobile banking and payments and security services to community banks and credit unions, generated about 22% of ACI’s $1.02 …

In 2015, American Express Co. had a bad year. Hit hard by competitive pressures on merchant fees and cobrand-card returns, as well as swooning gasoline prices, the big card network on Thursday reported a 4% decline in revenue net of interest expense for the year to $32.8 billion, its first …

Consumers using mobile-banking sites or apps make only sporadic use of their ability to pay bills, send money to other individuals, or load a prepaid card, finds new research from Javelin LLC, a Pleasanton, Calif.-based payments-research firm. In the “2015 Mobile Banking, Smartphone, and Tablet Forecast” released Tuesday, Javelin found …

Young adults and high earners have something in common. Both consumer groups are less likely than consumers overall to use debit cards, according to a report released Tuesday by Mercator Advisory Group Inc. The report, “Consumers and Debit in the U.S.: Heightened Security Concerns,” canvassed more than 3,000 U.S. adults …

Newly launched Tender Armor hopes its CvvPlus product can help issuers, merchants, and consumers combat the risk from fraudulent card-not-present transactions, the company announced Wednesday. The Fort Lauderdale, Fla.-based company says CvvPlus can help stem online fraud by providing a daily card verification code that is not printed on a …