Kohl’s Corp. joins the ranks of retailers with their own mobile-wallet services with the launch this week of Kohl’s Pay. Menomonee Falls, Wis.-based Kohl’s said the barcode mobile-payment service exclusively uses the private-label Kohl’s Charge card as the payment mechanism in more than 1,100 Kohl’s stores. To use Kohl’s Pay, …

• The Independent Community Bankers of America trade group submitted a faster-payments proposal to the Federal Reserve’s Faster Payments Task Force; developed with North American Banking Co., the ICBA proposal includes a white-label mobile application and a payments directory to enable transaction settlements through the automated clearing house network’s new …

By Kevin Woodward@DTPaymentNews A year into the migration to EMV chip cards, most consumers—83%—still are unsure of whether to dip or swipe their chip-enabled credit or debit cards at the point of sale. That statistic comes from a survey of 1,000 U.S. consumers commissioned by payments specialist Cayan and conducted …

In the age of the payment facilitator, merchant-vetting practices are taking on an even bigger role. As the payment-facilitator model develops and finds favor among a new set of companies offering payments services to merchants, it shares one age-old element with traditional merchant services. That is the need to check …

With an abundance of smart-terminal options available, the question is, when will EMV-weary merchants be ready to deploy this newfangled technology? Emerging from the haze surrounding U.S. EMV merchant adoption, vendor strategies are taking shape aimed at supplanting traditional payment terminals with flashy platforms that promise access to rich ecosystems …

A gift card marketed by a little-known startup and backed by shares of stock in big-name companies is coming to J-hooks near you. Gift card marketers have dominated the holiday season and other gift-giving occasions in recent years, but now a card is coming to thousands of those checkout-lane racks …

It was a surprise, but then again, it wasn’t. Leading U.S. point-of-sale terminal maker VeriFone Systems Inc. on Sept. 1 reported its second straight quarter of disappointing sales of EMV chip card equipment to small and mid-sized businesses. Less than a week later, VeriFone’s archrival, France-based Ingenico Group, reported a …

As the automated clearing house network gets set to start a process that will over time speed up all ACH credit and debit transactions to same-day settlement, the ACH’s governing body late this summer took an important step toward controlling the risk posed by certain non-bank players that stand between …

Even though the payments industry is undergoing an unprecedented attack by fraudsters, funding of cybersecurity startups by top investors will drop somewhat this year compared to 2015, according to the latest data from CBInsights, a New York City-based firm that tracks venture-capital investment. Total cybersecurity funding deals this year are …

By Jim Daly@DTPaymentNews If they could assign a letter grade to the first year of EMV chip card payments in the U.S., half of Digital Transactions News readers would give it an “F,” according to results of the daily e-newsletter’s weekly poll. The newsletter’s Sept. 23 edition asked respondents to …