It’s been a great run for credit cards—eight straight years of volume growth after a nasty reversal in the Great Recession. But what are the implications for acquirers’ bottom lines when this long growth spurt ends? Credit card issuers take delight when their cardholders spend freely, pay their bills on …

Payments observers who think Venmo and Square Cash have locked up the Millennial crowd for peer-to-peer payments may have to reconsider. With the new advertising blitz it announced in late January, the bank-owned Zelle service is making it plain it plans to steal its share of this huge consumer market. …

Liberal members of the U.S. Supreme Court sharply questioned American Express Co.’s lawyer during oral arguments Monday for a major case involving a challenge to AmEx’s anti-steering rules for its merchants, Reuters reported. A group of 11 states led by Ohio alleges the rules violate antitrust laws and is challenging …

Point-of-sale equipment maker Ingenico Group said it has begun integrating Google Pay Smart Tap into its POS terminals in the United Kingdom, enabling Google Pay users to transmit their loyalty information, coupons, and offer redemptions in a single tap along with the payment. Ingenico said this is the first step …

Some 124 new data breaches have become known this year as of Feb. 16, the Identity Theft Resource Center reports. And the White House’s Council of Economic Advisors issued a study last week pegging the cost of malicious cyber activity to the economy in 2016 at $57 billion on the …

ATM network owner and operator Cardtronics plc said fourth-quarter 2017 ATM operating revenues rose 18% year-over-year to $346.2 million, but net income declined 36% to $16 million. The company also said more than 100 financial institutions and 6 million cards were added to its Allpoint surcharge-free network in 2017. Fleet-fueling …

NthCard LLC, a prepaid gift card processing and distribution firm, launched nthPOS, an app for Android, iOS, and Windows 10 devices that enables merchants to activate, redeem, and reload gift cards using a mobile phone or tablet. Fraud-management vendor Giact Systems LLC announced it and Advanced Fraud Solutions are offering a …

BuyerDocs has been formed to secure wires for down payments made by home buyers from hacking, phishing, imposters, and spoofing. Wire fraud plundered approximately $1 billion from the real-estate industry in 2017, the company says. The Smart Payment Association and payment card manufacturer CPI Card Group Inc. announced that CPI …

The efforts of 18 U.S. senators to persuade the Senate Appropriations Committee to honor state laws for legal cannabis are not expected to sway Visa Inc. and Mastercard Inc. to drop their prohibitions on marijuana-related purchases over their networks. Earlier this week, a group spearheaded by Sens. Michael Bennett (D) …

The cryptocurrency Litecoin was still riding high Friday morning following a mid-week announcement that a new entity called LitePay Inc. will provide merchant processing in 41 countries, including the United States, starting Feb. 26. As of mid-morning, Litecoin traded at $220, up 38% from $160 at noon Tuesday. Also this …