• KeyBank announced it is supporting the Masterpass digital wallet from MasterCard Inc., which recently revamped Masterpass to stress in-store payments. • Wargaming, an online-games producer, has deployed the ReD Shield anti-fraud system from ACI Worldwide throughout Europe and now plans to deploy it globally. • WesBanco Bank Inc. will instantly issue …

By Kevin Woodward@DTPaymentNews The debate over the price merchants pay to accept credit cards may be about to intensify. A new report suggests that capping credit card interchange at 22 cents plus 30.5 basis points per transaction could cut $15 billion from the current total of $33 billion U.S. merchants …

• With sales of EMV payment cards to U.S. credit and debit card issuers down 55% year over year in the second quarter, card producer CPI Card Group Inc. reported that total sales fell 23% to $73.7 million. Due in part to litigation expenses, CPI booked a net loss from …

By Jim Daly@DTPaymentNews Partly because of a big increase in skimming, debit card fraud rates jumped in 2015 on both signature and PIN-based point-of-sale transactions, according to the 2016 Debit Issuer Study commissioned by Discover Financial Services’ Pulse electronic funds transfer network. The overall fraud-loss rate on PIN POS transactions …

By John Stewart @DTPaymentNews Chargebacks cost issuers millions every year just to investigate, let alone process, so technology companies see an opportunity in reversing the rising tide of cardholder inquiries financial institutions and merchants confront every day. The latest example is a service from financial-data aggregator Yodlee that adds information …

• Processor Fiserv Inc. will market Early Warning LLC’s clearXchange person-to-person real-time payments network to its financial-institution clients under a new agreement. The deal follows a similar arrangement the companies reached last year for real-time bill payments and deposits. Fiserv also said adjusted second-quarter revenues in its payments segment increased nearly 11% …

By Kevin Woodward@DTPaymentNews Early Warning Services LLC announced Tuesday that both Visa Inc. and MasterCard Inc. are now part of its clearXchange peer-to-peer network. The addition of the two largest card brands means customers of participating financial institutions will be able to send money to others using a U.S.-issued debit …

By Jim Daly@DTPaymentNews Most of First Data Corp.’s cylinders fired on cue in the second quarter, but its U.S. small and mid-size business customers again proved to be drag on revenue growth. In response, the giant payment processor is holding off on merchant price increases and ramping up service, its top brass …

If there is any certainty in today’s digital-payments arena, it’s that change is sweeping through the business at an ever-increasing pace. Just look at how the business has evolved over the past 30 years or so. In the 1980s, we were talking about the migration of debit cards from ATMs …

It might be a cliché, but the saying that the more things change, the more they stay the same has some validity for merchant acquirers despite the rapid introduction of new technologies and the entrance of new competitors in recent years. For example, the top 10 U.S. merchant acquirers in …