Gas stations caught a lucky break a year ago when Visa Inc. and Mastercard Inc. postponed their planned October 2017 EMV liability shifts for unattended fuel pumps for three years. Almost no convenience store or stand-alone gas station chain would have been ready by then, retail petroleum executives say, and …

7-Eleven Inc. announced it is testing online ordering for delivery or pickup on its new 7-ElevenNOW mobile app at 10 downtown and uptown stores in Dallas. The convenience-store chain expects to begin rolling out the app to other stores in 2018. Payments provider Clearent LLC said it received validation of …

The seemingly unending growth in online shopping is doing more than closing physical stores. The point of sale in the stores that remain is changing, and along with it, payments providers, says Javelin Strategy & Research in its “2017-2021 Retail Point of Sale Payment Forecast.” As consumers continue to increase …

Mastercard Inc. launched Assemble, a prepaid service aimed at Millennials that features a digital prepaid account, a mobile app, and a physical or digital card. The service also includes budgeting capability and peer-to-peer payments through Mastercard Send. The company says it plans to extend versions of Assemble to other markets, …

The first Bitcoin futures contracts began trading at 6 p.m. Eastern Time Sunday and almost right away the volume of activity crashed a Web site operated by the exchange, Cboe Global Markets Inc. After an initial run up, Bitcoin was trading around $16,500 by 10 a.m. Monday. A rival exchange, …

Whether he intended to or not, Ken Chenault may well have touched off a debate about what constitutes the ideal governance structure for a global payments network. Chenault, who will retire early next year as chairman and chief executive of American Express Co., charged this week that his two big …

Valve Corp., which operates Steam, a popular gaming site, said it no longer is accepting Bitcoin because of the digital currency’s volatility and acceptance costs, which reached almost $20 in a transaction last week. Bitcoin processor BitPay Inc. said it raised $30 million in additional funding. In 2014, the company …

American Express Co. chairman and CEO Kenneth I. Chenault said at an investor conference Tuesday that banks’ sale of their stakes in Mastercard and Visa through initial public offerings “was one of the biggest strategic blunders of the last 20 years,” according to Bloomberg. Chenault, who will retire in February, …

Discover Financial Services cardholders soon won’t have to sign for their credit and debit transactions made at the point of sale. As of April 2018, Discover is dropping the signature requirement for transactions made on the Discover Global Network in the United States, Canada, Mexico, and the Caribbean, the Riverwoods, …

Credit and debit card fraud at the point of sale is declining precipitously two years after the payment card networks’ EMV chip card liability shifts took effect, but identity, online, and so-called fallback fraud all have risen, according to an analysis of card issuers’ experiences from Auriemma Consulting Group. New …