By Jim Daly 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 …

The role of EMV in pushing tap-and-pay solutions is well known, but research released on Tuesday indicates the brand value of Apple Inc. and Samsung Electronics Co. Ltd. can’t be underestimated. At the same time, a cloud-based technology called host card emulation is also playing a role in spreading contactless …

Merchant acquirers are reporting more chargebacks now that the U.S. conversion to the EMV chip card standard is underway, but chargeback exposure varies widely by acquirer. And, so far at least, relatively few of the chargebacks are translating into actual financial losses. That’s the word from First Annapolis Consulting Inc., …

Ingo Money Inc. this week introduced a feature on its 3-year-old mobile app that allows users to split check deposits across multiple accounts, including bank accounts, prepaid cards, bill payments, and PayPal. Using Ingo’s decision engine and bank integrations, the feature also offers immediate, guaranteed funds availability. The feature works …

Ever since MasterCard Inc. introduced its tokenization platform nearly 18 months ago, no third party has been allowed to offer the product, called the MasterCard Digital Enablement Service. That changed Tuesday with the company’s announcement that Giesecke & Devrient is connecting its Convego CloudPay platform to MDES and will be …

With an eye to giving credit and debit card holders a measure of greater control, MasterCard Inc. unveiled a new alert feature that provides issuers with verifiable data about a cardholder’s location. That can help prevent authorization refusals, for example, when the cardholder travels. Available now in the United Kingdom, and …

With biometric authentication now enabled in millions of smart phones and the focus of intense technological development, some payments experts are warning that biometric data can, just like old-fashioned passwords, be stolen, potentially leading to big problems for consumers and payment-service providers. “Biometrics are sure to proliferate in the next …

While backers of cardless ATM transactions expected consumers to home in on using their smart phones as remote controls for making cash withdrawals, what wasn’t known was how much they understood about the risks from skimming and threats to their financial privacy. As it turns out, that understanding is pretty …

Fiserv Inc., a Brookfield, Wis.-based bank core processor, says its Popmoney peer-to-peer money-transfer service will get a tweak later this year to enable recipients to go directly to an ATM to retrieve funds. Currently, funds sent via Popmoney must be deposited into an eligible account. The new service, dubbed Popmoney …

As promised, the Electronic Transactions Association has updated its 2014 guidelines for merchant acquirers and independent sales organizations on merchant underwriting and monitoring. And more updates are likely as technology and regulators keep the pressure on merchant processors to stay ahead of risks to the payment system. “We really want …