For years, the wave of fraud receded like an outgoing tide for companies that accepted electronic payments from consumers and other businesses. But last year, a tidal wave crashed on shore. Fully 73% of companies reported they had suffered actual or attempted payments fraud in 2015, up 11 percentage points …

At the Bank Administration Institute’s recent Payments Connect conference in San Diego, Dominic Venturo of U.S. Bank, Mateo Rizzi of Omidyar Network, and Beth Costa from Oliver Wyman mostly concluded that new payments companies, while raising a challenge, do not seem to be on a roll to take over the …

    Consumers and brick-and-mortar stores across the country have been juggling the challenges of adapting to EMV technology – the microchip cards that will make card present fraud more difficult. Despite a number of setbacks, the potential benefits are worth the bother. When it comes to card-not-present (CNP) transactions, …

MasterCard Inc. in the three months ending March 31 posted its biggest increase in processed transactions in two-and-a-half years, thanks to strong U.S. volumes and growth in many, if not all, other markets. The No. 2 payment card network Thursday reported its processed transactions totaled 12.6 billion in the first …

It may have started with the likes of PayPal Holdings Inc. and Square Inc., but it isn’t stopping there. Having made their mark in merchant processing, high-tech payments firms are increasingly turning their attention to the business of offering funding to the merchants they serve. The move is bringing them …

With data breaches continuing to plague the payments business, and with major incidents like that of Target Corp. still fresh in the minds of payments professionals, you might think retailers would be cautious these days about their ability to ward off attackers. Not so, according to survey data released Tuesday …

Merchants attempting to create more digital experiences in their stores and restaurants because of consumer expectations are finding security of payments to be a significant challenge, finds the “Step Up The In-Person Experience” report issued by Forrester Consulting Inc. Commissioned by tablet point-of-sale maker Revel Systems, the report examines how …

Despite 7% transaction growth, First Data Corp. on Monday reported that revenue in the company’s North American merchant-processing business declined 2% in the first quarter. In an early-morning conference call with analysts, First Data executives several times blamed attrition among small and mid-sized North American businesses, or SMBs, in its …

• Global Payments Inc.’s $4.3 billion acquisition of processor Heartland Payment Systems Inc. closed Monday, Global Payments said. The deal, announced in December, gives the combined company more than 8,500 employees and provides services to almost 2.5 million merchants around the world. • Processor Total System Services Inc. (TSYS) renewed …

Walmart Pay, the mobile-payments app developed by Wal-Mart Stores Inc., is now broadly available to consumers as part of version 6.8 of the retailing titan’s shopping app, introduced this week for Apple Inc. smart phones. The app update, available on the iTunes store, says Walmart Pay will be “available in …