Sixty-one percent of respondents to a recent ATM Industry Association survey said that 76% to 100% of the ATMs they operate will be ready for the Europay-MasterCard-Visa (EMV) chip card liability shift that takes effect in October 2016, the trade group of ATM independent sales organizations and retail ATM operators …

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 …

More evidence emerged in recent days to document the surging rise of mobile payments worldwide. For the first time, mobile transactions account for more than 25% of all global online traffic on the Adyen platform, the company said while releasing its quarterly Mobile Payments Index last week with statistics on the …

No sooner were we going to press with this issue than the U.S. Supreme Court rejected a petition from major merchants and merchant groups that, if it had been accepted, might have thrown the Federal Reserve’s interpretation of the Durbin Amendment into a cocked hat—again. High-court review at a minimum …

President Barack Obama last month called for a national data-breach notification law to replace the existing patchwork of state notification rules. If current trends continue, there will be plenty of breaches to report. The number of credit and debit cards compromised in data breaches hit 64.4 million in 2014, up …

Remember 3D Secure? You may be forgiven if you don’t. The password-based technology was all the rage a decade ago as online merchants sought ways to control fraud. But it proved hard to integrate, and merchants complained it interfered too much with customers’ checkout sessions, so it never really caught …

Hoping for contactless chip cards? Not likely any time soon. The contact version of EMV is emerging as the clear issuer choice as October’s liability shift approaches. Here’s why. It’s show time for chip cards. With the payment card networks’ so-called liability shift now just eight months away, U.S. general-purpose …

By the end of this year, data security will get a good deal more complex and a lot more expensive. What’s the answer for beleaguered small merchants? There are plenty of articles out there detailing the changes to the newest version of the Payment Card Industry data-security standard (PCI-DSS) that …

Consumers are weary of dealing with the fallout from data breaches and want a better way to minimize their risk. The backers of Final, a new credit card with online-management tools that can set spending caps and produce virtual card numbers tied to specific merchants, hope to alleviate some of …

Boosted by higher transaction volumes both in the United States and abroad, MasterCard Inc. on Friday reported a 21% increase, adjusted for foreign-currency effects, in net income for 2014’s fourth quarter. The No. 2 payment network posted an $801 million profit versus $684 million a year earlier on net revenues …