ATM deployers still have more than 18 months to get ready for EMV. Will they make it? Credit and debit card issuers are furiously pumping out hundreds of millions of EMV chip cards this year. And stores are busily retrofitting their checkout lanes to accept them. Often overlooked in all …

Law & Regulation By Jill M. Miller and Andrew T. Hayner No, it’s not the CFPB’s proposed prepaid rules, at least not yet. Instead, issuers are increasingly grappling with a much older concern: state and federal escheat law. Recent headlines related to gift cards, gift certificates, promotional cards, stored-value cards, …

For years, merchants like Amazon.com Inc. and Apple Inc. have streamlined online payments by letting consumers charge stored credit cards with a single click, using a technique called card on file. Now, a similar concept is coming to carrier billing, the payment method used by merchants to charge online purchases …

Counterfeit fraud on Canada’s Interac debit cards fell 45% to a record low in 2014, and 80% of the fraud happened outside of Canada, according to new figures from Toronto-based Interac Association. The five-year slide in skimming-related fraud coincides with the rise of EMV smart cards in Canada as well …

A new service that integrates Apple Inc.’s Touch ID and Samsung’s fingerprint-recognition technology into a single mobile-payments app says it can help boost conversion, and ease shopping-cart abandonment, for mobile-commerce retailers. Santa Ana, Calif.-based Sekur Me Inc. uses the biometric sensors in Apple and Samsung smart phones to authenticate the …

There’s a simple reason why Samsung Electronics America Inc. bought LoopPay Inc.: It wants a “truly digital wallet.” That’s the reason given by David Eun, Samsung executive vice president and head of the mega-corporation’s investment unit, Samsung Global Innovation Center. “We have a shared vision to inspire users to transition …

Visa Inc. on Thursday said it is expanding the availability of its Visa Checkout online and mobile wallet to 13 more nations beyond the three original ones. Starting today, consumers in Argentina, Chile, Peru, Mexico, New Zealand, South Africa, and China can use Visa Checkout to pay for purchases on …

By Jim Daly The U.S. Department of Justice and a merchant group focused on payment card acceptance costs Thursday afternoon hailed a federal district judge’s ruling striking down American Express Co.’s rules banning its merchants from steering AmEx cardholders to lower-cost forms of payment. Earlier in the day, New York …

With technologies like Apple Pay and host card emulation reviving prospects for mobile payments using near-field communication, merchants are starting to install more NFC devices at the point of sale. And, more important, they’re starting to turn on the NFC capability. That’s according to a report issued Tuesday by Berg …

American Express Co. on Thursday disclosed that it will not renew its merchant-acceptance and cobranded credit card agreements with Costco Wholesale Corp. The card accounted for about $82 billion of AmEx’s worldwide charge volume last year. The possible loss of the warehouse club’s 16-year AmEx card program had been rumored …