Some two-and-a-half years after it started, the Federal Reserve’s project to make U.S. payments faster and more secure is laying the groundwork for private industry to come up with something better than the mishmash that U.S. payments are today, but tangible results still could be years away. Fed officials and others …

The liability shift by which merchants not prepared to accept EMV chip cards now must bear responsibility for counterfeit card fraud has given rise to a federal antitrust lawsuit seeking class-action status for merchants. The 47-page complaint, filed Tuesday in U.S. District Court for the Northern District of California, comes …

Processor Square Inc. expects its strategy of providing what it calls a “cohesive” set of services to merchants will aid its efforts to reach profitability, the company reported Wednesday in its first-ever earnings result since becoming a publicly-traded company. It reported earnings for the fourth quarter and all of 2015. …

With an eye to easing the integration of EMV payment acceptance in mobile apps used for card-present transactions, mobile point-of-sale provider CardFlight now offers integration with Stripe, a payments provider specializing in online transactions. Developers can use the CardFlight software development kit and gateway to add EMV acceptance to apps …

There’s nothing new about identifying e-commerce customers through the device they use, but now the proliferation of mobile devices has data scientists hatching new ways to thwart fraudsters. One way authenticates users through not-so-obvious links between the many devices they may rely on day-to-day. The other takes a close look …

Apple Pay has pulled up to the fuel pump at ExxonMobil Corp. gas stations with the release Tuesday of Speedpass+, an iOS app that enables consumers to use Apple Inc.’s mobile-payment service to pay for gas within the app. The app also is available for Android devices. It also works …

  Nothing like an unexpected chargeback to turn a recalcitrant merchant into an EMV believer. According to new survey results from Javelin Strategy and Research, only 8% of small and so-called micro businesses queried in February who didn’t accept EMV chip cards cited as a reason the lack of a …

  Hiccups in the U.S. payment card industry’s monumental shift to EMV chip card technology are beginning to surface, and one problematic area is chargebacks among card-present merchants. That’s the observation from one large merchant-services provider, and it’s corroborated by a recent report from First Annapolis Consulting Inc. containing similar …

The prominent, slightly self-effacing graphic on discount grocery-store chain Aldi Inc.’s home page says it all: “OMG! We FINALLY Accept Credit Cards!” Indeed, Batavia, Ill.-based Aldi is believed to be the last major grocery holdout in accepting general purpose credit cards, which typically cost merchants more to accept than the …

An exclusive coterie of card networks runs the business of issuing and managing payment tokens. But that elite club soon may have more members. Looking for a business with growth opportunities? Look no further, ladies and gentlemen, than at the business of the token service provider. A sexy business? Definitely …