News

April, 2015

• 6 April

  Eye on Prepaid: Fees Vary Widely, and Millennials More Apt To Favor Prepaid Cards

  Prepaid cards may find favor among younger consumers, one survey finds, while another reports prepaid card programs sport a wide range of fees. Also, armored-car company Brink’s has jumped into the prepaid card mix. Fees on 31 prepaid card programs surveyed by Bankrate.com are scattershot, with the types and amounts …
• 3 April

  The PCI Council Publishes Tokenization Guidance and Looks Forward to EMV

  By Jim Daly With the U.S. payment card industry’s eyes glued on the coming of EMV chip cards, the main standards body for card security is trying to remind merchant acquirers, merchants, and card issuers that there is more to security than simply embedding a chip into a piece of …
• 3 April

  Ingenico And Intel To Develop a Point-of-Sale Tablet Supporting EMV and NFC

  Point-of-sale terminal maker Ingenico Group and chip-maker Intel Corp. will work on producing a tablet that supports EMV chip card and near-field communication (NFC) transactions, Ingenico announced Thursday. The tablet is in response to the U.S. payment card migration to the EMV chip card standard, and the growing adoption of …
• 3 April

  Heartland Payment Systems’ CEO Blasts Indiana Religious-Freedom Law

  By Jim Daly Merchant processor Heartland Payment Systems Inc.’s outspoken chief executive Bob Carr weighed in Friday with a statement on Indiana’s controversial Religious Freedom Restoration Act. Carr says the law could relegate some people to “second-class status” and is an “invitation to discriminate.” “It is deeply troubling that the …
• 1 April

  Eye on Acquiring: EMV Chip Card Acceptance on the Mind

  As Transact 15, the Electronic Transactions Association’s annual conference held this year in San Francisco gets under way, acquiring industry vendors and companies are releasing a bevy of news. Among the vendors making announcements is Clearent LLC, a payment-services company based in Clayton, Mo. Clearent says it will resell CardFlight …
• 1 April

  While EMV And Mobile Captivate the Industry, Big Retailers Express Frustrations

  By John Stewart EMV chip cards and mobile payments may be two abiding passions of the payments industry these days, but major merchants are far from sold on either technology, judging by comments from a number of them Tuesday at a payments-technology conference. Most big retailers are gearing up for …
• 1 April

  Consumers Want to Use Apple Pay, But Find Merchant Acceptance Lacking: Survey

    It’s a familiar refrain in payments: For consumers to use a payment method there has to be places to use it. Apple Pay, it seems even with all of the hoopla surrounding it, is no different. That’s what a recent report from Phoenix Marketing International, a Rhineback, N.Y.-based firm, …
• 1 April

  PayPal Will Include NFC Capability in the Coming Version of Its Mobile Wallet

  After long belittling near-field communication technology by joking that its acronym, NFC, stands for “Not for Commerce,” PayPal Inc. before the end of the year will launch a new version of its mobile wallet featuring the technology. PayPal, which has been working with NFC in Australia, will replace its current …
• 1 April

  EMV Cards and Terminals Have a Small but Fast-Growing Foothold, Visa Reports

  Visa Inc.’s U.S. payment card issuers had about 48 million EMV chip cards in the market as of Dec. 31, a Visa executive said Wednesday. And, somewhat surprisingly, about 80% of the small number of U.S. EMV transactions today are coming from small merchants rather than big retailers, which are …

March, 2015

• 30 March

  ISO That Allegedly Processed $26 Million in Unauthorized Charges Settles With the FTC

  By Jim Daly A California independent sales organization called CardFlex Inc. and its two principals have settled federal charges that they allegedly processed more than $26 million in unauthorized charges for a company known as I Works. CardFlex strongly denied the FTC's charges and said it settled in order to …