Demand is booming for better payment card security as a result of the many data breaches of recent years, and the solution being touted more than any other is “end-to-end encryption.” But a new report from Mercator Advisory Group Inc. asserts that the term is imprecise and implementing the technology …

PIN-debit cards and contactless acceptance seem like two unlikely electronic-payment services to promote in one point-of-sale device, but that's exactly what First Data Corp. is doing with the latest addition to its FD line of POS hardware. The big processor's goal with the new FD-30 PIN pad: build future demand …

With the deadline just three months away, the banking industry is scrambling to implement IAT, the new automated clearing house code for international transactions. IAT originally was to take effect March 20. But NACHA?The Electronic Payments Association, governing body of the ACH, last July pushed it back to Sept. 18, …

U.S. Sen. Richard Durbin's introduction this week of a Senate companion to U.S. Rep. John Conyers Jr.'s Credit Card Fair Fee Act of 2009, along with a little-noticed bill introduced last month in the House, bring to three the number of interchange bills pending in the Democrat-controlled Congress. And while …

Security issues weigh more heavily on the minds of executives with merchant acquirers and independent sales organizations than they do among any other payment card industry sector, according to new research from Aite Group LLC. Some 43% of acquiring executives rated data security, including compliance with the Payment Card Industry …

They're mad as hell, but whether they're going to take it any more isn't quite as clear. That's the essence of a letter seven merchant trade groups sent Tuesday to the PCI Security Standards Council and the five general-purpose payment card networks. The merchants want more input when the Payment …

The Credit Card Fair Fee Act, a bill that would inject government into the interchange-setting process, has been resurrected after dying in committee last year. But this time there are more players around the table seemingly less inclined to sympathize with the defenders of the current bank card interchange system. …

Merchants and independent sales organizations just aren't in a buying mood, and that's hurting the top line of the largest U.S.-based point-of-sale terminal maker, VeriFone Holdings Inc. San Jose, Calif.-based VeriFone late Tuesday reported that revenues for its fiscal 2009 second quarter ended April 30 fell 13.5% to $201.6 million …

Internet bill payments were the lone stars of electronic checks in the first quarter, a quarter that saw volumes on all other e-check applications either decline or barely rise from fourth-quarter 2008 levels. Most e-check codes also declined on a year-over-year basis, according to the latest automated clearing house volume …

The Federal Reserve Banks should adapt the automated clearing house network to compete directly with private-sector networks for debit card processing, the head of the Federal Reserve Bank of Kansas City said this week. “The Federal Reserve could enhance competition in payment card markets by positioning ACH services as an …