Debit network NYCE says it will use Visa Inc.’s common application identifier technology on chip debit cards, marking yet another regional debit network’s acceptance of a critical component to enabling Europay-MasterCard-Visa chip card acceptance in the United States. This is NYCE’s first formal EMV license, says Fidelity National Information …

In the wake of high-profile retailer data breaches and mounting political pressure to address security flaws in the nation’s payment card system, Visa Inc. and MasterCard Inc. on Friday said they were forming a “cross-industry group” to enhance payment security. The leading card networks said in a joint news release …

Payment processor First Data Corp.’s Star electronic funds transfer network on Wednesday said it would license Visa Inc.’s so-called common application identifier (AID) that will facilitate chip-based debit card transactions compliant with the transaction-routing requirements of the Durbin Amendment in 2010’s Dodd-Frank Act. The agreement with Visa could give Star, …

Mobile-imaging software developer Mitek Systems Inc. on Wednesday announced its Mobile Photo Payments application that enables large billers to receive bill payments from consumers using their mobile devices. The service complements San Diego-based Mitek’s existing Mobile Photo Bill Pay product, which rolled out last year and is distributed mainly through …

As more and more financial institutions, processors, and networks climb on the instant-payments bandwagon, Computer Services Inc. has introduced a person-to-person payment service with a twist: It delivers near-real-time payments to recipients’ Visa debit cards. CSI, which calls its new service SPIN, for Social Payments Instant Network, has one client …

Working closely with merchants, card issuers, and merchant acquirers to deliver more value through its brand at the point of sale, as opposed to enhancing revenues through price increases, is the road map Visa Inc. laid out Thursday at its Investor Day conference. “We don’t feel we have to raise …

Europay-MasterCard-Visa (EMV) chip cards have entered the classic phase of huge percentage growth from a very small base, according to new U.S. figures from Visa Inc. The leading network this week reported that American financial institutions had issued 3.5 million Visa-branded EMV cards as of March 31, an increase of …

  Visa Inc.’s decision to license a version of its VisaNet processing network to JPMorgan Chase & Co. generated controversy in merchant-acquiring circles when the two companies announced their deal in February, but now Visa says it is getting inquiries from other client financial institutions that may be interested in …

Visa Inc. is teaming up with the hot smart-phone manufacturer Samsung Electronics Co. Ltd. to kick-start the market for near-field communication (NFC) payments, and it’s also got a deal with technology provider Roam to develop mobile payments. Under an agreement with South Korea-based Samsung that Visa announced Monday, banks and …

New Visa Inc. chief executive Charles W. Scharf used his first earnings conference call with analysts Wednesday to offer an olive branch to U.S. merchants. Scharf’s comments came on the heels of an earnings and operational report for fiscal 2013’s first quarter that show strong U.S. Visa credit card growth …