Last week’s disclosure that hackers had accessed up to 143 million credit records at Equifax Inc. has stirred fears of a tsunami of fraud in coming months. But physical and online merchants are already struggling not only with a huge threat of fraud, but with a stunning fraud cost that …

Q2 Holdings Inc., a provider of digital-banking solutions, launched CardSwap, an application that allows consumers to automatically switch credit or debit card information across their network of subscription and retail merchants. The first client to adopt the service is Chime, which provides branchless bank accounts. Because of Hurricane Irma, the PCI Security …

Bank-owned Early Warning Services LLC said its new Zelle person-to-person payment service processed 100 million transactions in 2017’s first half for payments totaling $33.6 billion. More than 50,000 consumers are enrolling daily in a network that could connect 86 million consumers through the mobile-banking apps of participating banks and credit unions, Early Warning …

The Federal Reserve issued a paper outlining “refreshed strategies and nine new tactics” for improving the U.S. payment system; the paper is a follow-up to the Fed’s strategic vision for payments issued in January 2015 and comes in the wake of the July report from the Fed’s Faster Payments Task Force. The Federal Trade …

Popular with billers, but less so with consumers, electronic bill payment and presentment is enjoying a new lease on life thanks to mobile users. Since its introduction more than a decade ago, electronic bill presentment has been popular with billers eager to take advantage of the cost savings the technology …

The introduction this month of same-day ACH debits will cause some headaches. But all things considered, same-day processing might well end up slowing the momentum of real-time alternatives, says Sarah Grotta. With the supposition that faster is better when it comes to money, the automated clearing house network is entering …

The Faster Payments Task Force issued a final report in July with an eye-popping goal: National, real-time payments by 2020. Here’s a guide to the 16 providers that might just do the job. In July, the Federal Reserve-sponsored Faster Payments Task Force capped off two years of hard work with …

It’s where dining out, consumer affinity for self-service, and a desire to know more about consumers converge. Consumers are expected to spend $736.3 billion—yes, billion—on dining out in 2017. That’s a lot of credit and debit card payments. It’s enough to make the tabletop point-of-sale market a fiercely competitive one, …

EMV is getting faster at checkout, at least for customers. Now, as smaller businesses look to adopt chip card acceptance, swifter transactions may have larger implications. Shoppers who try an EMV card at the checkout counter and are turned off by the tortoise-like pace of the transaction are the bane …

Payments provider NXT-ID Inc. announced its FitPay Inc. subsidiary is providing the payments technology for the vivoactive 3, a new smart watch from Garmin International Inc. Dubbed Garmin Pay, the service supports contactless payments made with Visa Inc. and Mastercard Inc. credit and debit cards from major issuing banks. Earlier this week, Fitbit Inc. introduced Fitbit Pay. In …