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, …

By Peter Lucas@DTPaymentNews Payment processor Fidelity National Information Services Inc. (FIS) is rolling out Premium Payback, a rewards-redemption application that allows consumers to cash out rewards earned on credit and debit cards at the point of sale through participating merchants. FIS, which piloted Premium Payback at more than 7,000 BP …

• 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 Jim Daly@DTPayment News Nearly two years and thousands of comments after issuing its draft regulation, the Consumer Financial Protection Bureau issued its long-awaited final prepaid card rule Wednesday. The 1,689-page document, almost double the size of the draft rule the CFPB issued in November 2014, largely follows what the …

• A federal judge in California has allowed an antitrust case to move forward against American Express Co., Discover Financial Services, MasterCard Inc., and Visa Inc. The case was filed in March by Florida merchants as a class-action suit alleging the networks had conspired to shift chargeback liability from banks …

• Vantiv Inc. has agreed to provide processing services to McCoy Federal Credit Union in central Florida. Services include ATM, debit, and credit card processing as well as MobiMoney, a feature that lets customers use their mobile device to turn cards on and off and receive alerts. • The U.S. …

    The demand for point of sale systems continues to expand as businesses seek to accept all payment types, manage inventory and compete for customers. To meet the growing demand, many payment processors have developed their own POS solutions, with varying degrees of success. To date, very few providers …

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 …

By Jim Daly@DTPaymentNews The first business day of 2016’s fourth quarter produced several announcements about payments-industry acquisitions. In the biggest, globe-trotting ATM network operator Cardtronics plc will gain a toehold in the Asia-Pacific region by acquiring Canadian ATM firm DirectCash Payments Inc. (DCPayments) for $460 million. Meanwhile, Meta Financial Group …

• ATM network operator Cardtronics plc announced it plans to buy Canadian ATM operator DirectCash Payments Inc. (DCPayments) for $460 million; DC Payments operates 25,000 ATMs and will give Cardtronics its first presence in Australia and New Zealand and expand its operations in Canada, the United Kingdom, and Mexico. • …