An analysis of recent credit and debit card transaction data by credit-union services organization The Members Group gives some interesting insights about the penetration of two new payment channels in the U.S.—EMV chip cards and mobile payments. For example, EMV transactions amounted to 26% of all transactions that TMG processed over …

By Steve Norell I started in the acquiring industry approximately 20 years ago, and during those 20 years have seen and heard just about everything one can imagine about the way our products and services are marketed. That’s especially true when it comes to deceptive and fraudulent practices. During those …

Banks and Silicon Valley tech companies aren’t the only players crowding into mobile payments. So are retailers and restaurants. Now, with its Chase deal, MCX has thrown the spotlight on the potential for merchant-controlled wallets. As American cities go, you can’t get much more typical, demographically speaking, than Columbus, Ohio. …

Just like law-abiding consumers, criminals hope to score good deals during the holiday shopping season. And luxury items and business services, such as hosting plans and search engine optimization, top their lists, finds an analysis by Forter, a San Francisco-based fraud-prevention specialist. In a report released on Monday, Forter analyzed …

Powered by growth in mobile payments, so-called digital commerce for 2015’s holiday season will grow 14.3% to $70.1 billion from last season’s $61.3 billion, Internet metrics firm comScore Inc. predicted Wednesday. Reston, Va.-based comScore defines digital commerce to include desktop e-commerce and mobile commerce. The firm predicts desktop e-commerce for …

New findings about the public’s attitudes toward EMV chip cards and their disruptive potential show consumers appreciate the improved security over magnetic-stripe card payments. Still, many consumers are bothered by the new transaction processes, enough so that some will avoid stores where they know they have to insert a chip …

Visa Inc. on Tuesday reported U.S. EMV chip card statistics for October, the first month in which the payment card networks’ EMV liability shifts for point-of-sale transactions took effect. The numbers show EMV’s footprint is still small, but growing rapidly. There are now 180.6 million Visa-branded chip cards in the …

By John Stewart The annual holiday-spending frenzy is about to kick off, and if a consumer survey released on Monday is any indication, it will feature a lot more debit card and cash usage and a lot less mobile payment than you might have expected. Some 39% of consumers intend …

By John Stewart Last month, the spotlight shone on Merchant Customer Exchange LLC when JPMorgan Chase & Co. officially unveiled its Chase Pay wallet, set to launch next year, and said it will be included in MCX’s merchant-controlled CurrentC application. But, as big as that deal is for MCX, the …

Treat retailer Cinnabon is installing iPad-based point-of-sale systems made by Revel Systems Inc. in anticipation of the EMV migration. The devices also will enable Apple Pay acceptance, Revel Systems announced Wednesday. In addition to EMV and mag-stripe cards, Revel Systems devices also accept near-field communication (NFC) payments made with Apple …