News

December, 2013

• 3 December

  Co-Op Financial Services Brings in FIS And Enhances Its Sprig Mobile Wallet

  Co-Op Financial Services, a vendor and network provider to 3,500 credit unions serving 30 million debit card holders, is upgrading its Sprig mobile wallet with technology and services from the big processor Fidelity National Information Services Inc. (FIS) and its PayNet payment network. Sprig’s upgrade comes at a time when …

November, 2013

• 26 November

  Interchange Relief And Other Carrots Needed To Spur U.S. EMV Conversion, Analyst Says

  Europay-MasterCard-Visa (EMV) chip cards will come to the U.S., but probably not before the payment card networks postpone current deadlines and offer strong incentives for merchants that might include interchange relief and dumping the signature as a cardholder- verification method, according to a new research report from Celent LLC. Card …
• 26 November

  Postponement of October 2015 U.S. EMV Liability Shift Is Likely, a DTN Poll Finds

  The first major deadline in the transformation of U.S. credit and debit cards from magnetic-stripe tokens to smart cards embedded with a chip is just under two years away. Come October 2015, the liability for fraudulent transactions shifts to merchants that do not support the chip card standard EMV. n …
• 26 November

  Payment Vendors Line Up to Serve Gamblers As States Okay Online Gaming

  Online commerce has hit a trifecta of sorts. New Jersey on Tuesday became the third state, in addition to Nevada and Delaware, to allow some forms of online gaming. And with its debut, more payments companies are at work on providing services to gaming operators and their users. n Registered …
• 25 November

  Mobile Now Accounts for 37% of Transactions at Money-Transfer Upstart Xoom

  Mobile devices, which have fundamentally changed so much of the electronic payments business, are now shaking up the cross-border remittance market. Twelve-year-old Xoom Corp., a relative newcomer to the business, says 37% of its transactions in the third quarter originated on mobile devices, compared to 22% a year ago. More …
• 25 November

  Apple Job Posting Suggests It May Have a New Payments Platform on the Drawing Board

  An Apple Inc. job posting seeking a software engineer with expertise in payments may be an indicator of an Apple play in payments beyond its current efforts. Or, it may not. The computer and retail giant is looking for a senior software engineer to “help build a next generation payment …
• 21 November

  A Wendy’s Operator Looks To Speed Up Crucial Drive-Through Sales With Toll Tags

  So far, the passes have chopped an average of 15 seconds off drive-up service times for the close to 600 customers who have registered their devices for the program. “That’s huge for us,” Stephen Baclini, president of Rawson Food Service, which operates six Wendy’s stores on the island, tells Digital …
• 20 November

  ABnote Adds NFC Support to its Mobile Wallet Via OTI’s Audio-Jack Plug-in Device

  ABnote is adding support for near-field communication (NFC) technology to its miWallet mobile wallet with the addition of the Wave device from Israeli technology vendor On Track Innovations Ltd., ABnote recently announced. The device connects to mobile devices using the audio jack on smart phones and tablets. When connected, it …
• 20 November

  Google Gets Physical with the Debut of the Google Wallet Card

    Google Inc. today announced the availability of a payment card to accompany its Google Wallet online and smart phone-based service. The card, which is funded by money held in a consumer’s Google Wallet account, can be used at point-of-sale locations that accept MasterCard Inc. transactions. MasterCard was part of …
• 20 November

  Official Calls the Rollout of Chicago’s Ventra Fare-Payment Program a ‘Systemic Failure’

  It’s been one bump after another for the Chicago Transit Authority’s new Ventra fare-payment system that includes a contactless prepaid MasterCard Inc. card. The latest came today when the chairman of a Chicago-area transportation oversight board dubbed Ventra’s rollout a “systemic failure” and called for an audit of the fare …