News

October, 2016

• 1 October

  The PCI Council’s Beefed-Up Rules To Thwart Payment-Device Data Thefts

  

  With malware and hacker attacks on payment card-accepting devices increasing in sophistication, the PCI Security Standards Council last month announced updated rules for protecting such devices. “The updates are designed to stay one step ahead of criminals who continue to develop new ways to steal credit and debit card data …

September, 2016

• 30 September

  EMV Flunked Its First Year, Many Digital Transactions News Readers Say

  

  By Jim Daly@DTPaymentNews If they could assign a letter grade to the first year of EMV chip card payments in the U.S., half of Digital Transactions News readers would give it an “F,” according to results of the daily e-newsletter’s weekly poll. The newsletter’s Sept. 23 edition asked respondents to …
• 30 September

  ATM And Petroleum Transactions Are Next Up for EMV Liability Shifts

  

  By Kevin Woodward@DTPaymentNews With the U.S. point-of-sale conversion to EMV chip card acceptance well under way, attention turns to the upcoming liability shifts for ATM and fuel-dispenser transactions. First up is MasterCard Inc.’s liability shift for ATMs, which kicks in Oct. 21. Both MasterCard and Visa Inc. also have a …
• 30 September

  Former TransFirst Exec Shlonsky Leaving TSYS and other Digital Transactions News briefs

  • Processor Total System Services Inc. (TSYS) reported that John Shlonsky, senior executive vice president of TSYS, and president of TSYS’s Merchant Services segment, has resigned effective Oct 7. Shlonsky joined TSYS in April with the company’s acquisition of merchant processor TransFirst Holdings Inc., where he was president and CEO. …
• 30 September

  A 20-Day Reprieve: MasterCard’s ATM EMV Liability Shift Date is Oct. 21, Not Oct. 1

  

  By Kevin Woodward@DTPaymentNews ATM operators wondering if their machines will be compliant with MasterCard Inc.’s EMV protocols by Saturday, Oct. 1, now have a little more breathing room. MasterCard confirmed to Digital Transactions News Friday that the date, widely thought to be Saturday, is actually Oct. 21. While the Oct. …
• 29 September

  A Year On, EMV Migration Achievements Beset With Ongoing Acceptance Challenges

  

  By Kevin Woodward@DTPaymentNews No doubt, the U.S. payment card industry’s monumental shift to EMV chip cards is earnestly moving ahead. A year later—Saturday marks the anniversary of the liability shift—some 2 million merchants accept the cards and card brands count millions of chip-enabled cards in use. The United States became …
• 29 September

  Citi Will Join ClearXchange at a Crucial Time for the Bank-Controlled P2P Network

  

  By John Stewart @DTPaymentNews With Citigroup Inc.’s decision to join the network, the bank-controlled clearXchange person-to-person payments service has dramatically expanded its reach at a crucial time—just as it faces increasing competition from nonbank P2P rivals and in advance of a major rebranding set to take effect next year. The …
• 29 September

  Lender Teams With EVO Payments For Canadian Venture and other Digital Transactions News briefs

  • The U.S. Supreme Court agreed to hear a challenge to a New York state law barring retailers from imposing credit card surcharges, Reuters reported. A federal appellate court upheld the law a year ago; nine other states have similar laws. • Online business lender Merchant Advance Capital said it …
• 28 September

  Mandate From the Top: MasterCard Opens Developer Gateway to Critical Payments Tools

  

  By John Stewart @DTPaymentNews Payments networks face a competitive landscape marked by rapid innovation, so the two biggest systems, Visa Inc. and MasterCard Inc., are responding by increasing the access developers have to their once tightly guarded skunk works. The latest move comes Wednesday from MasterCard, which announced MasterCard Developers. …
• 28 September

  Emphasizing E-Coupons, the Year-Old Samsung Pay Dubs Itself the ‘Holistic Digital Wallet’

  

  By Jim Daly@DTPaymentNews As mobile wallets rapidly evolve, Samsung Electronics Co. Ltd. late Tuesday put out a birthday card of sorts reminding the world that its Samsung Pay service is now a year old in the United States. In that time, Samsung Pay has added payment-card issuing partners, but the …