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 …

  The Star EFT network, which has been working for several years on ways to enable cardholders to conduct PIN-debit transactions with online merchants, said on Thursday it will offer a service from CardinalCommerce Corp. that promises to allow issuers to choose how to authenticate users of PIN-debit cards in …

  n n n n n “We’re looking to play in the broad commerce space,” Sanghi tells Digital Transactions News, noting that AmEx started as a stagecoach company 162 years ago. “We’ve reinvented ourselves continuously.” He adds that although most of the investments probably will be domestic, AmEx might invest …

Small merchants are not much more aware of—let alone compliant with—the Payment Card Industry data-security standard (PCI) than they were a year ago, according to a study released this week. Some 53% of small merchants are now at least aware of PCI, a small increase from the 47% a similar …

  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 Karen Epper Hoffman   A technique that allows consumers to capture card information with PC or mobile-phone cameras could make for faster, more secure transactions. Is anything wrong with this picture?       A picture may be worth a thousand words, but is a picture also the …

  Visa Gives a Push to Prepaid Cards   If Visa Inc. could be personified as an illustrious 19th Century editor, he might be saying, “Go prepaid, young man.”   The No. 1 payment card network’s interchange schedule effective Oct. 1, the day new federal debit card interchange price controls …

  BY Linda Punch   New IRS reporting requirements for processors and merchants take effect soon. The extra work involved is one formidable obstacle for the acquiring business. Another one is the IRS itself.       When Congress passed a new law requiring merchant acquirers to report merchants’ electronic-payment …

  By Jane Adler   Rightly or wrongly, lots of investors are mesmerized by the high-profile startup Square. But it’s not the only newbie transforming the payments industry as venture-capital firms scramble to find the next big idea.       Some startup companies get all the attention.   The …

  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 …