Giant card issuer Chase once again will issue contactless credit and debit cards, the bank announced Wednesday. Chase, a unit of JPMorgan Chase & Co., says it will begin later this year issuing contactless EMV cards bearing the Visa Inc. brand, first to its Chase Freedom Unlimited and Chase Slate …

Poynt Co., a startup supplier of intelligent payment devices, argues so-called smart terminals should have a common operating system like smart phones do. And in announcing a $100 million funding round on Tuesday, the Palo Alto, Calif.-based company also argued it should be the one to provide that OS. Investors …

Fallback fraud, an offshoot of the counterfeit fraud that EMV chip cards are meant to reduce, declined over the past year, according to new findings from Auriemma Consulting Group. Fallback fraud refers to fraud resulting from would-be EMV payments resorting to the credit or debit card’s back-up magnetic stripe because …

Payment processor Worldpay Inc. said pro-forma net revenues in its Technology Solutions e-commerce segment grew 17% year-over-year to $420 million while pro-forma revenues in its Merchant Solutions segment rose 4% to $506 million. Pro-forma revenues in the Issuer Solutions segment increased 4% to $91 million. Worldpay also promoted Mark Heimbouch …

Square Inc. on Wednesday played up its recent launch of an important new hardware product and celebrated what it called its first quarter of profitability under generally accepted accounting principles. While executives did not discuss sales numbers for Square Terminal, a $399 touchscreen-equipped handheld device the San Francisco-based company released …

Three years after the EMV liability shift, fallback fraud, which bypasses protections against counterfeit card use, remains a problem for the U.S. payments industry, Auriemma Consulting Group said. Its data found that fallback fraud, which typically is a problem when markets first adopt EMV, still makes up more than 20% of …

Despite predictions of an upsurge in contactless payment cards, so-called tap-and-go cards have yet to generate much revenue for a major U.S.-based card manufacturer, CPI Card Group Inc. Such cards are often called dual-interface cards because they support both contact EMV chip card transactions at point-of-sale terminals as well as …

Point-of-sale terminal maker and payment processor Ingenico Group on Monday announced an executive shakeup that saw long-time chairman and chief executive Philippe Lazare replaced by the former CEO of Visa Europe. Lazare’s replacement and other boardroom changes come shortly after the Paris-based company said it was exploring “strategic options” in …

Cardtronics plc said it is the exclusive ATM provider to 121 RaceTrac convenience stores in the Dallas-Fort Worth area. The ATMs bear the Credit Union of Texas brand. Worldpay Inc. announced a multiyear agreement to be the exclusive provider to the National Association of Convenience Stores Payment Processing Program, which …

Transactions on the nation’s automated clearing house network exceeded 5.6 billion in the quarter ended Sept. 30, rising by 354 million transactions, or 6.7%, compared to the same quarter in 2017, according to numbers released Thursday by NACHA, the regulatory body for the ACH. The third-quarter growth means volume has …