New data from Visa Europe indicate that while contactless payments are still a small portion of European card-based payments, they’re growing fast and likely far exceed the current level of U.S. contactless payments. London-based Visa Europe, a bank-owned licensee of Visa Inc., on Monday said there are 2.6 million contactless …

Point-of-sale payment card fraud will be easing off, thanks largely to the introduction of EMV chip card payments to the U.S. in the next few years. But fraudsters, according to a new report from Javelin Strategy & Research, will be back in stores armed with cards using stolen credentials from …

Every U.S. EMV chip card will have a backup magnetic stripe. That ensures widespread acceptance but can present risks. As EMV chip card payments finally take hold in the United States, an issue certain to show up on the payment industry’s radar is fallback. That’s when the customer inserts an …

With a little more marketing oomph behind it, the gift card market rebounded in 2014 after a down year in 2013, according to a report released Wednesday by Mercator Advisory Group. Virtual gift cards, a small but key segment of the market, held their own and may soon benefit from …

There’s something off about the Apple Watch, especially when it comes to Apple Pay. It’s a bit of a hassle to set up. Let me explain. When I got the watch the other day, the feature I first wanted to activate was Apple Pay, the contactless payment service Apple Inc. …

By Kevin Woodward Encryption technologies, which mask sensitive card data with mathematically derived characters and numbers, appear to be the security method that resonates best with merchants. That’s the result of a Digital Transactions News survey that asked about EMV, tokenization, and encryption. Forty-five percent of respondents cited encryption, followed …

Green Dot Corp. late Monday removed a big source of uncertainty about its near-term future by announcing a five-year renewal of its contract with Wal-Mart Stores Inc. to be both program manager and issuer of the Wal-Mart MoneyCard prepaid product. But while the deal secures a major source of revenue …

Contactless payments made by tapping a smart phone against a point-of-sale terminal are increasing, according to a Harris Poll survey released Thursday. The survey of more than 2,200 U.S. adults found that the proportion of the general population who either experienced or witnessed a contactless smart-phone payment increased from 17% …

Point-of-sale payment card fraud will be easing off thanks largely to the introduction of EMV chip card payments to the United States in the next few years. But fraudsters, according to a new report from Javelin Strategy & Research, will be back in stores armed with cards using stolen credentials …

Merchant processor Square Inc. is about to introduce a card reader that supports Apple Inc.’s Apple Pay mobile-payment service, Apple announced Monday. Apple Pay also will support retailers’ loyalty programs, according to Jennifer Bailey, Apple Inc.’s vice president of Internet services. The announcements came at the start of Apple’s Worldwide …