Four years after the EMV chip card standard became the law of the U.S. payments land, the number of credit and debit cards with an EMV chip now exceeds 1 billion, and 63% of U.S. card-present transactions in 2019 involved an EMV card being read by an EMV-capable terminal, up …

Citing the business disruptions caused by the Covid-19 pandemic, Visa Inc. announced late Tuesday that it will delay until next April most of the interchange rate changes it had planned for July. The network also publicly confirmed the six-month postponement of its EMV liability shift for fuel pumps, and further …

Discover cardholders might not jet around the country like many American Express cardholders do, but it’s still telling that Discover’s travel spending volume has plunged 99% this month as governmental stay-at-home orders and business closures to control the Covid-19 pandemic chill the economy. The near grounding of travel spending was …

The Covid-19 virus is taking a fearful toll not only on lives but also on U.S. commerce, and now even everyday staples are feeling the pinch. Grocery stores saw a sharp spike in card-based purchase volume in March as consumers scrambled to lay in supplies against the rapid spread of …

The payment card networks plan to postpone until July changes in their interchange schedules that they had planned to take effect in April, Digital Transactions News has learned. The delays come as many merchants, especially restaurants, hotels, and local retailers have closed or greatly reduced their operations as part of governmental attempts …

With just over seven months to go before a crucial liability shift, just how well is the conversion of U.S. gasoline pumps to accept EMV chip cards going? It depends on whom you ask. Visa Inc. says it’s progressing nicely. “I think we’re actually doing pretty well,” Julie Scharff, Visa’s …

JPMorgan Chase plans to discontinue its Chase Pay mobile wallet. Other banks are shuttering their wallet apps, too. Is there no longer—or was there ever—a place for bank-sponsored wallets for mobile payments? Apple Pay, Google Pay, and Samsung Pay, collectively “the Pays,” seem to get all the attention when the …

Banking giant JPMorgan Chase & Co. will pull the plug on its Chase Pay mobile app in early 2020, though the payment service will continue online and in some merchant apps. Chase disclosed the coming changes in an email notice to customers Wednesday. The notice gives no reason or exact …

A system that allows drivers to pay for gasoline at the pump using their E-ZPass toll tag took a step forward Monday with an announcement that P97 Networks Inc., a provider of in-vehicle payments services, will resell the PayByCar service from Verdeva Inc. Houston-based P97 says it has certified PayByCar …

With almost 18 months to go, the petroleum industry is having a hard time with a crucial EMV deadline. Not many gas stations are expected to make it. Here’s why. It’s halftime in the runup to the October 2020 deadline set by Visa Inc. and Mastercard Inc. for gas stations …