• Merchant processor North American Bancard Holdings introduced its Inovio Payment gateway service; NAB says Inovio’s name is taken from the word “innovation” and that the service, which includes a virtual point of sale and hosted checkout solutions, will open new markets for the company. • Wal-Mart Stores Inc. has changed …

• U.S. senators from Colorado, Washington, and Oregon, three states where recreational marijuana use is legal, asked the various federal bank and credit-union regulatory agencies to develop joint guidance for how financial institutions could serve legal cannabis businesses; marijuana use remains illegal under federal law, meaning that many marijuana merchants …

• Nearly half—48%—of ATM operators did not have EMV acceptance enabled on their machines at the end of 2015, finds the 2016 ATM Channel EMV Readiness Survey released by the ATM Industry Association. Fourteen months ago, the survey predicted that figure would be 12%. Continuing uncertainty and confusion, routing issues, and …

By Nicole Chan When Apple Pay first entered the digital-wallet scene, consumer interest in the technology increased. Now the question is, will digital-wallet payments become universal? The short answer is yes. The three reasons below expand on why. Reason #1: The technology exists. Rarely has the developed world made a …

On the heels of a quarter that featured a nearly 10% increase in U.S. payment volume, Visa Inc. chief executive Charles W. Scharf signaled Thursday that the leading payment network is counting on new digital services to power future growth. Those services include the new Visa Checkout online payment service …

Gideon Samid • Gideon@BitMint.com The three awfully young programmers intercepted me on my way to class, asking if BitMint can do micropayments. They explained that they have developed a smart-map application that colors urban streets according to crime statistics at any given hour of the day. The idea is to …

BitPass Inc., which has relied on prepaid accounts since it began processing micropayments less than two years ago, is exploring a number of new payment options, including one that would allow users to pay spontaneously rather than from previously funded Bitpass accounts. In an e-mail survey it distributed last week, …

Online fraud schemes are on the rise across the globe. In fact, data breaches reached an all-time high last year, with an increase of 78% year-over-year between 2022 and 2023*, and that threat continues to escalate as fraudsters find new ways to beat digital security solutions. “There’s a lot of …

The Electronic Payments Coalition late Wednesday filed an Amicus brief on behalf of the plaintiffs in a lawsuit challenging the Illinois Interchange Fee Prohibition Act. The lawsuit, brought by Illinois Bankers Association, Illinois Credit Union League, American Bankers Association, and America’s Credit Unions and filed last month in the United …

Card91, an India-based technology company, introduced a platform that offers a digital prepaid card that also functions as an ID and access card. The product is aimed at corporate employees and students. KM Malta Airlines, a new air carrier, has agreed to adopt a payments-orchestration platform from CellPoint Digital. Online-security firm DefenseStorm said it …