News

October, 2015

• 1 October

  First Data Launches Its IPO With an Offering That Could Value Processor at $17.6 Billion

  By John Stewart Payments-processing titan First Data Corp. on Thursday launched its long-awaited effort to go public with an initial offering of stock that would value the company at as much as $17.6 billion and raise as much as $3.2 billion. The IPO could well be the largest seen on …
• 1 October

  After the Big Liability Shift: What’s Next for EMV?

  In the four years since Visa Inc. announced the EMV liability shift would be Oct. 1, 2015, merchants, issuers, processors, and other parties have expended huge efforts to prepare for this day. But the real work—converting millions more merchants, issuing millions more chip cards, and educating merchants and consumers—is in …

September, 2015

• 30 September

  Intel in Payments

      Farhaan Mohideen – Strategist, Mobility and Secure Payment Solutions Intel in Payments Merchants and service providers have to put in far more focus on the experience itself to differentiate their services. The ultimate goal has been to make the experience as invisible, as simple and as seamless as …
• 29 September

  Consumers Not Quite so Enamored With Debit Cards as Before, TSYS Study Finds

  Debit cards are still Americans’ favorite payment type, but they’re not quite as popular as they were two years ago, according to new survey findings from Total System Services Inc. (TSYS). The payment processor’s fifth annual Consumer Payment Choice Study, which in June surveyed more than 1,000 consumers with at least …
• 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 …