The message about EMV and its payment-processing benefits is not sinking in with smaller merchants. That’s the assessment from Heartland Payment Systems Inc.’s chief executive Robert O. Carr, who says Heartland is responding by offering all-in-one security technology that includes but goes beyond EMV. “Well, resonating would be an overstatement,” …

Chip card acceptance is far from ubiquitous six months ahead of the U.S. liability shift. As October’s big EMV liability shift approaches, just how ready are U.S. merchants to accept the chip cards that are so common elsewhere in the world? Estimates vary, but as of early spring the state …

Right now, all eyes are on the next six months.  But what about after the liability shift?  What happens then? Whether or not any particular merchant is ready for EMV by Oct. 1, payments executives are figuring on two things as pretty much sure bets after that date. One is …

As Transact 15, the Electronic Transactions Association’s annual conference held this year in San Francisco gets under way, acquiring industry vendors and companies are releasing a bevy of news. Among the vendors making announcements is Clearent LLC, a payment-services company based in Clayton, Mo. Clearent says it will resell CardFlight …

The U.S. payments industry is counting on EMV chip cards to eliminate much if not all of the counterfeit and lost-and-stolen fraud merchants suffer at the point of sale. They may well do that when EMV is fully deployed, but is it likely that rising e-commerce fraud will swamp any …

There’s a simple reason why Samsung Electronics America Inc. bought LoopPay Inc.: It wants a “truly digital wallet.” That’s the reason given by David Eun, Samsung executive vice president and head of the mega-corporation’s investment unit, Samsung Global Innovation Center. “We have a shared vision to inspire users to transition …

In the relentless push toward compliance with the Europay-MasterCard-Visa (EMV) smart card standard, two critical factors are lagging behind: merchant acceptance and EMV debit. That’s according to executives who spoke Tuesday at a conference in Salt Lake City, Utah, on EMV and mobile payments. U.S. issuers and merchants face an …

The United States with its several thousand credit and debit card issuers and more than a dozen payment networks presents a stiff challenge to the card industry as it tries to convert from magnetic-stripe stripe cards to Europay-MasterCard-Visa (EMV) chip cards, two industry veterans told a group of independent sales …

Merchant processor Merchant Warehouse announced Monday it has changed its name to Cayan LLC. The 17-year-old Boston-based company’s rebrand takes effect immediately and is reflected on a redesigned Web site that includes a new tag line, “The Payment Possibilities Company.” It will also be promoted at next week’s National Retail …

The point-of-sale terminal market is at a pivotal juncture in its history. Upstarts such as Square Inc. and its imitators have shown small businesses that they can do just fine by using smart phones and tablet computers to accept credit and debit cards and dispense with costly, purpose-built payment hardware. …