As the U.S. payments industry continues its massive migration to EMV, issues here and there, such as payment cards being left behind in ATMs, pop up. About six months after INTRUST Bank completed its ATM EMV conversion a year ago, the problem of unrecovered cards started, says Joe Morin, ATM …

Host card emulation had a moment in the sun a few years ago as Google and banks geared up their mobile wallets. Since then, HCE’s adoption has widened even as its public profile has faded. What’s next for the technology? It just rolls off the tongue: “host card emulation.” As …

In the United States, prepaid money is the most rapidly growing payment instrument. It is a lifesaver to the unbanked and the underbanked. It is the payment vehicle used in an increasing number of creative arrangements. But it is also the platform of choice for many fraudsters, and it amounts …

Now that Republicans in the wake of the November 2016 elections control both houses of Congress as well as the White House, there is a distinct possibility that the Dodd-Frank Act, which Republicans have opposed since a then Democratic majority in Congress enacted the sweeping banking-reform law in 2010, could …

• Puerto Rico-based Evertec Inc. said revenue in its merchant-acquiring unit declined 1% in the fourth quarter to $23.1 million while revenue in its payment-processing segment grew 0.4% to $28.9 million. Evertec announced it has an agreement to buy Chile-based EFT Group S.A., a payment processor and software company that uses the …

• Royal Dutch Shell plc said it is finalizing the deployment of EMV-compliant point-of-sale terminals for inside use at more than 11,000 of its U.S. locations. Currently, almost 80% of the locations are EMV-compliant, with the rest expected this spring. As the inside-the-store project is completed, the petroleum company will shift …

By Jim Daly@DTPaymentNews CareCredit, the health-care financing unit of the big private-label and cobranded credit card provider

By Jim Daly@DTPaymentNews As retailers such as Wal-Mart Stores Inc. and Kohl’s Corp. ramp up their mobile wallets, the tech companies that offer general-purpose SimplyTapp Inc. developed the original HCE technology. Google, now the main subsidiary of Mountain View, Calif.-based Alphabet, included HCE in late 2013 in Android 4.4, also …

By Jim Daly@DTPaymentNews The lingering impact of some retailers’ slow conversion to EMV chip card acceptance continued to plague prepaid card services provider Blackhawk Network Holdings Inc. in the fourth quarter. Blackhawk reported late Wednesday that revenues fell short of its expectations in part because of a “continued EMV headwind” …

Small merchants that belong to the 109,000-member Canadian Federation of Independent Business will get interchange reductions of 12.5% or more on Mastercard purchases beginning April 3 under a deal announced Thursday by the CFIB and Mastercard Inc. The new rates will be available to CFIB members through all Canadian merchant …