Speaking of chargebacks, merchant acquirers are indeed reporting more of them now that the U.S. conversion to the EMV chip card standard is under way, but chargeback exposure varies widely by acquirer. And, so far at least, relatively few of the chargebacks are translating into actual financial losses. That’s the …

With its enforcement action against Dwolla Inc., announced early last month, the Consumer Financial Protection Bureau made plain it is expanding its writ to include data-security practices and putting digital-payments startups in its cross-hairs. The ripple effect could reach a number of payments providers if they are incautious about data …

While many ATM operators know what hardware and software their fleets need to enable EMV chip card acceptance, most are waiting to fully upgrade until concerns about routing issues, chargeback rates, and continuing uncertainty subside, according to the 2016 ATM Channel EMV Readiness survey from the ATM Industry Association. Like …

• The Federal Reserve picked consulting firm McKinsey & Co. to support its Faster Payments Task Force efforts this year by assessing solution proposals from various payments providers. • Merchant processor Square Inc. announced its “Build With Square,” a set of application programming interfaces (APIs) that integrates point-of-sale and-online payments capabilities with …

There’s no turning back from the mobile phenomenon for financial transactions as a new survey finds that 41% of consumers use their smart phones to make bank transactions, such as person-to-person payments, paying bills, and making check deposits, up from 36% in 2014, says consultancy Mercator Advisory Group Inc. While …

Once widely disparaged as an unwieldy fraud solution, 3-D Secure is back on the radar screens of risk managers at major online merchants and card issuers. Improvements in the 15-year-old technology, combined with surging e-commerce fraud, are driving the renewed interest, experts say. “Two-and-a-half years ago, zero U.S. online merchants …

By John Stewart   These days, the airline and air-travel industry finds itself squeezed between two imperatives that have come into sharp focus in recent months. With high average tickets, airlines must guard against fraud at a time when the spread of EMV chip cards is pushing more criminals into …

Online and mobile-authentication technology provider Jumio Inc. filed for bankruptcy protection and put itself up for sale Monday, but the Palo Alto, Calif.-based firm expects to live on thanks to support from Facebook co-founder Eduardo Saverin. Saverin, an early equity investor who has injected at least $23 million into Jumio …

Independent software vendors, value-added resellers, and point-of-sale software developers facing the daunting task of certifying their unique products for EMV payment acceptance may face costs starting at $30,000. That figure, which comes from Andrey Tikhonov, senior director of payment technology at Elk Grove Village, Ill.-based Infinite Peripherals Inc., reflects the …

• Merchant processor Heartland Payment Systems Inc. announced an integration of its Portico Gateway with Computop Paygate in an arrangement that will give Heartland merchants access to international payments. Heartland is set to be acquired this spring by Global Payments Inc. in a $4.3 billion cash-and-stock deal announced in December. …