The effort to repeal the Durbin debit regulations ignores deeper issues in the U.S payments industry, including the problems created by a flawed pricing system. U.S. Rep. Randy Neugebauer, R-Texas, recently introduced H.R. 5465, a bill that would repeal the Durbin Amendment. This bill comes on the heels of many …

A gift card marketed by a little-known startup and backed by shares of stock in big-name companies is coming to J-hooks near you. Gift card marketers have dominated the holiday season and other gift-giving occasions in recent years, but now a card is coming to thousands of those checkout-lane racks …

With malware and hacker attacks on payment card-accepting devices increasing in sophistication, the PCI Security Standards Council last month announced updated rules for protecting such devices. “The updates are designed to stay one step ahead of criminals who continue to develop new ways to steal credit and debit card data …

By Jim Daly@DTPaymentNews If they could assign a letter grade to the first year of EMV chip card payments in the U.S., half of Digital Transactions News readers would give it an “F,” according to results of the daily e-newsletter’s weekly poll. The newsletter’s Sept. 23 edition asked respondents to …

By Kevin Woodward@DTPaymentNews With the U.S. point-of-sale conversion to EMV chip card acceptance well under way, attention turns to the upcoming liability shifts for ATM and fuel-dispenser transactions. First up is MasterCard Inc.’s liability shift for ATMs, which kicks in Oct. 21. Both MasterCard and Visa Inc. also have a …

By Kevin Woodward@DTPaymentNews No doubt, the U.S. payment card industry’s monumental shift to EMV chip cards is earnestly moving ahead. A year later—Saturday marks the anniversary of the liability shift—some 2 million merchants accept the cards and card brands count millions of chip-enabled cards in use. The United States became …

• The U.S. Supreme Court agreed to hear a challenge to a New York state law barring retailers from imposing credit card surcharges, Reuters reported. A federal appellate court upheld the law a year ago; nine other states have similar laws. • Online business lender Merchant Advance Capital said it …

By Jim Daly@DTPaymentNews As mobile wallets rapidly evolve, Samsung Electronics Co. Ltd. late Tuesday put out a birthday card of sorts reminding the world that its Samsung Pay service is now a year old in the United States. In that time, Samsung Pay has added payment-card issuing partners, but the …

By John Stewart @DTPaymentNews A federal appeals court on Monday handed American Express Co. a signal victory in the age-old battle with merchants over card-acceptance costs, but in doing so it may also have bolstered the card giant in its efforts to set and enforce merchant pricing. The U.S. Court …

By Kevin Woodward@DTPaymentNews Apple Pay’s latest incarnation—enabling one-click payments for mobile and desktop Web-site purchasing—deftly brings the familiarity of such payments to Apple Pay users and merchants. At least, that’s my take on it, having used it last week when the service was released as part of an Apple Inc. …