The failure of Suretap Wallet L.P., the Canadian mobile-payments service controlled by five telecommunications companies, raises further questions about the role, if any, telcos will play in this business, experts tell Digital Transactions News. Suretap, which announced Friday it will shut down effective Aug. 26 after barely more than a …

• Fidelity National Information Services Inc. (FIS) announced it is supplying its FIS Cardless Cash ATM service to cash dispensers operated by Payment Alliance International. Ultimately, the service will include 70,000 ATMs in the PAI ATM network. • The United Kingdom’s Competition Appeal Tribunal ruled that Mastercard Inc. must pay approximately …

MasterCard Inc. on Thursday rolled out a revamped Masterpass digital wallet it clearly hopes will out-compete offerings from technology titans like Alphabet Inc., Apple Inc., and Samsung Electronics Co. Ltd., all of which have come into the market since Masterpass’s capability the original wallet had at its launch, though it …

The percentage of U.S. consumers who experienced credit card fraud in the past five years leaped from 41% in 2014 to 47% in 2016, according to the “2016 Global Consumer Card Fraud: Where Card Fraud Is Coming From” report released Tuesday by Aite Group LLC. The report surveyed more than …

Bitcoin watchers held their breath over the weekend when the celebrated “halving” took place, abruptly chopping in half the incentive those who produce Bitcoin receive and raising questions about the impact the event would have on the 7-year-old cryptocurrency. The halving, which is part of Bitcoin’s basic code and so …

More than 120 retailers sent a letter Tuesday to the U.S. House of Representative’s Financial Services Committee urging the panel to reconsider two measures that would repeal the Durbin Amendment in 2010’s Dodd-Frank Act. The bills stand virtually no chance of becoming law while Barack Obama remains president, but with …

• More than 120 retailers, including Wal-Mart, Target, Kroger, Best Buy, and 7-Eleven, signed a letter urging the U.S. House of Representative’s Financial Services Committee to reconsider the elimination of the Durbin Amendment that would happen if two pending bills become law. • After a three-week trial, a Superior Court judge …

A new National Retail Federation survey found that 57% of retailers that had installed EMV chip card terminals in their stores claim they’ve been waiting for up to six months or even longer to get their equipment certified. Conducted in May and June, the survey also found that 48% of respondents …

• Early Warning Services LLC said the three latest banks to start offering real-time person-to-person payments on its clearXchange network are Capital One, Chase, and Wells Fargo. ClearXchange members Bank of America and U.S. Bank had already introduced the service. As things stand, Chase customers can send and receive payments …

The acquiring business is accustomed to a slow rate of change, but that deliberate pace is masking radical underlying shifts in how merchants handle payments and whom they deal with for processing services, according to research at First Annapolis Consulting, Annapolis, Md. Change comes so slowly in this business that …