By Steve Mott   Scratch most of the proposed or existing wallets, and you’ll find the same payments infrastructure everyone is trying to move beyond. What’s needed is an alternative that benefits consumers and merchants as much as it does banks, networks, and carriers.       The rising …

  Discover can point to some major triumphs since it was launched by Sears a quarter-century ago, not least its success in taking on Visa and MasterCard. But a fast-changing payments landscape offers no assurance of future success. Discover’s plan: It pays to network.   By Jim Daly     …

  Frankly, a Level 4 validation mandate by industry leaders in the payments space would only cement in place a practice that already exists, but is not enforced uniformly.   We’ve had the PCI DSS for years, yet breaches continue to put small merchants out of business. The cause is …

  n n n n n n n n n Besides generating recommendations and advice applicable immediately, Russo expects the SIGs will develop insights that find their way into the next major update of the existing PCI version 2.0. Version 3.0 will be unveiled in late 2013 and take effect …

Extending itself further into mobile retailing and software, VeriFone Systems Inc. on Tuesday announced it has acquired 9-year-old Global Bay Media Technologies, a South Plainfield, N.J., vendor of in-store mobile solutions. Terms of the deal, which had already closed by the time of the announcement, were not disclosed. The acquisition …

  We went out to San Francisco last month to take in X.commerce, a conference put on by eBay Inc. for its developer community. These are the people who, among other things, make payment applications work for the sellers, merchants, and processors that work with eBay and its payment entity, …

  What with the Durbin Amendment taking effect and serious moves in mobile payments, many observers had the feeling that the pace of change in e-payments quickened in 2011. But along with faster change come more problems. Herewith some of the most salient.   By Jim Daly and John Stewart …

  By John Stewart and Jim Daly   Having beaten the banks on debit card pricing, they’re now staking out positions on mobile payments and chip cards. This could be the start of the decade of the merchant in the business of consumer payments.       Who controls consumer …

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  What Keeps ATM Execs up at Night?       Complying with new Americans with Disabilities Act (ADA) requirements and fighting fraudsters who put skimmers on their machines rank high on the to-do lists of ATM managers.   The findings come in a new report from Aite Group LLC …