With no exemptions for small merchants from the Oct. 1 liability shift for EMV transactions, efforts to educate them are well under way, with even the largest of banks instructing them on what EMV means for their businesses. “It’s more of an industry message,” says Deanna Karhuniemi, vice president of …

Point-of-sale payment card fraud will be easing off thanks largely to the introduction of EMV chip card payments to the United States in the next few years. But fraudsters, according to a new report from Javelin Strategy & Research, will be back in stores armed with cards using stolen credentials …

Independent sales organization Pivotal Payments Inc. says its FlexPoint point-to-point encryption service for point-of-sale software systems has been certified by its processor, Total System Services Inc. (TSYS). FlexPoint, which launched in 2014 in Canada, encrypts payment data directly on the payment device and sends the encrypted data directly to the …

There may be a number of competing definitions and products already in the market and under development, but the current state of payments tokenization may not be as out of whack as some may think. That’s the assessment of the latest report from the Mobile Payments Industry Workgroup, whose members …

Merchant attrition fell to 21% in 2014, down from 22% in 2013, reflecting continuing merchant use of specialty point-of-sale software that helps them run their businesses in addition to enabling payment acceptance, finds a report from Adil Consulting. The report, “Merchant Attrition: Strategies, Tactics, Best Practices & Industry Benchmarking,” examines …

By John Stewart As participants in the 40-year-old automated clearing house network get ready to implement same-day clearing capability, network growth continues to percolate, according to the latest numbers from NACHA, the Herndon, Va.-based rules-setting organization for the ACH. Transactions totaled 4.72 billion in the first quarter, an increase of …

By John Stewart Dwolla Inc. announced Thursday morning it is eliminating its 25-cent transaction fee, effective immediately, on all transactions types. The fee, which has applied to transaction values exceeding $10, is typically paid by the receiver of the money. Des Moines, Iowa-based Dwolla processes person-to-person payments as well as …

The Gimlet Eye Last month, in a little essay called “So, Where’s the User?” we asked a question that’s often overlooked in all the sound and fury over mobile payments: Will the consumer ever show up in appreciable numbers to use a mobile device for payment, particularly at the physical …

Much is being made of the potential in the interface between the Internet of Things and payments. Everything, from a thermostat that pays your heating bill to a refrigerator that orders what you are about to run out of and pays for it, has been talked about. But the sleeper …

  Many small merchants have no clue about EMV, and among those that do, many are unpersuaded. Here are some ideas to overcome those—and many other—hurdles before and after the liability shift. Inertia can work with you or against you. When it comes to persuading smaller merchants to adopt EMV-compatible …