Transaction Processing

• Some 27% of consumers who have a smart phone capable of performing mobile payments have used Apple Pay, Samsung Pay, or Android Pay at least once, according to the latest Mobile Pay Tracker survey from Auriemma Consulting Group. Of this group, 31% say they pay with these methods every …

Minimizing fraud is by far the top payment concern of e-commerce merchants, according to findings from the Merchant Risk Council’s newly released global payments survey. Some 46% of all merchants surveyed about payments and e-commerce issues affecting them in 2015—51% of MRC members and 35% of non-members—ranked managing e-commerce fraud …

U.S. e-commerce merchants are struggling with more fraud, but they’re also contending with two related problems that are on the rise and costing them plenty of time and money—manual reviews and false rejections, also known as false positives. That’s according to two studies, one released on Wednesday and the other …

Two long-time members of Green Dot Corp.’s board of directors who were up for re-election suddenly resigned Sunday, just ahead of the company’s contested annual shareholder meeting Monday that potentially could lead to the ouster of company founder and chief executive Steven W. Streit. The Pasadena, Calif.-based prepaid card provider …

Green Dot Corp. shareholders re-elected chairman and chief executive Steven W. Streit to the company’s board of directors Monday after a proxy fight, but they also elected two nominees from dissident shareholder Harvest Capital Strategies LLC, which has called for Streit’s ouster. Harvest Capital, which says that Streit is not …

Once known exclusively for enabling PIN-based debit card transactions at ATMs and then at the point of sale, the electronic funds transfer networks are broadening their payment options for merchants as they compete with global networks Visa Inc. and MasterCard Inc. for debit transactions. For example, payment processor First Data …

Holders of the Walmart MoneyCard issued by Green Dot Corp.’s bank subsidiary have resorted to social media in the past few days to complain of not being able to check account balances or use their cards to make purchases and withdraw money from ATMs. The extent of the glitch is …

Cardless ATM technology that enables consumers to make cash withdrawals is now available via Android Pay at select Bank of America Corp. locations, the banking giant announced Wednesday at Google’s annual IO conference. BofA says the service has initially been available at some ATMs in Boston, Charlotte, N.C., New York …

Venture funding for payments companies may have slowed dramatically in recent months, but that’s not the case across the board. Bitcoin and blockchain startups in particular uncorked a geyser of cash in the first quarter, with dollars invested totaling $173 million on 39 deals, according to data released this week …

U.S. Sen. Richard Durbin, D-Ill., made his name in the payments business with an amendment to the 2010 Dodd-Frank Act that put a cap on the debit card interchange big banks can earn. Now, he’s investigating the nation’s rocky EMV rollout with separate inquiries concerning snarled certification queues and the …