News

September, 2015

• 29 September

  Merchant Groups Get in Last Licks About EMV Before Liability Shift Sets in Thursday

  U.S. merchants and their trade groups have been less than thrilled with how the banks and card networks have managed the EMV rollout, and on Tuesday they got in one last blast before the liability shift occurs two days from now. n In the conference call, Mallory Duncan, senior vice …
• 29 September

  Fraud-Weary Europeans Look Forward to the U.S. EMV Liability Shift

  Stolen European payment card numbers and related data are popular imports in the U.S. black market, which is why European bankers, merchants and data-protection executives are looking forward to America’s EMV chip card liability shift that takes effect Thursday. That’s the word from Jeremy King, international director of the Wakefield, …
• 28 September

  With a Choice, Will Samsung Smart-Phone Owners Choose Samsung Pay?

    Samsung Electronics America Inc.’s launch today of Samsung Pay, a mobile-payments service exclusive to its smart phones, could pose a quandary for consumers over whether they should choose Samsung Pay or Android Pay, Google Inc.’s mobile-payment service that wireless operators are loading onto the Android phones they sell. Samsung …
• 28 September

  Ziosk Brings EMV And Mobile Payments to Sit-Down Eateries With Its Tabletop Tablet

  By John Stewart Mobile payments have invaded many areas of consumer commerce, and now they’re about to show up in sit-down restaurants. Dallas-based Ziosk LLC said late last week it will add capability for Apple Pay and Android Pay acceptance to its custom-built Ziosk tabletop tablet starting early next year. …
• 25 September

  CurrentC’s Pilot Is Under Way, But Users—And Some Clerks—Are in the Dark

  By John Stewart At least some consumers in Columbus, Ohio, are using the Merchant Customer Exchange’s CurrentC mobile-payments app, but with little or no advertising so far finding a store cashier who knows about the app and how it works is a hit-or-miss proposition. That’s the finding of a CurrentC …
• 25 September

  Regulators Try To Catch Up With Swiftly Changing Payments Technology

  By Jim Daly New York has its new BitLicense and California is actively looking at regulations for virtual currencies, but the organization that promotes uniform state laws is working on a prospective law that would guide regulations for alternative and mobile payments. The Chicago-based Uniform Law Commission (ULC) created its Alternative …
• 25 September

  Faster Payments for Business: How the Stream Prepaid Card Expedites Disbursements

  Heeding a call among businesses for faster and cheaper payments, payments provider Payment Data Systems Inc. has released the Stream general-purpose reloadable (GPR) prepaid card to make it easier for companies to send funds, like commissions or rewards, to contractors or customers. The card, which bears a MasterCard Inc. brand, …
• 24 September

  When “Free, Unlimited, Forever” Turns out To Have Limits, After All

  By John Stewart While some startup transaction processors have capitalized lately on the idea of so-called free processing, at least one has now decided to backtrack on that concept. BitPay Inc., an Atlanta-based processor of Bitcoin transactions for merchants, announced Wednesday it is scrapping a plan it introduced only 14 …
• 24 September

  A Week Out, Merchants Are in a Rush to Get, And Activate, EMV Terminals

  The Oct. 1 onset of the EMV-inspired liability shift for fraudulent transactions represents a potential financial impact for retailers, and now with that date only days away, many of them have become eager to get their hands on EMV point-of-sale terminals. Merchants could be on the hook for fees related …
• 23 September

  How Google Wallet’s New P2P Focus Could Rescue the App From a Mediocre Legacy

  The latest version of Google Wallet tended to get lost in all the hoopla surrounding Google Inc.’s launch two weeks ago of its Android Pay mobile-payments service, but while Wallet now has more modest ambitions, it could prove to be a potent force in the rapidly growing person-to-person payments business. …