Banking giant JP Morgan Chase & Co. has begun issuing EMV debit cards, with plans to convert its entire debit card portfolio of 34 million cards to chip by the end of 2016, Chase announced Tuesday. Chase began testing chip-enabled debit card issuance in Arizona and Illinois two months …

  Carrier billing as an e-commerce and mobile-commerce payment option is poised to expand significantly beyond the mobile phone realm when Microsoft Corp. releases Windows 10 later this year. And carrier-billing specialist Boku Inc. says direct carrier billing is a payment option for apps and digital content available from Google …

By Jim Daly The federal government sent a message Tuesday that the new virtual-currency providers are subject to the same regulations as long-established money-transfer firms when it announced that Ripple Labs Inc. would pay a $700,000 civil penalty and take remedial actions in lieu of criminal prosecution. The announcements came …

By Jim Daly U.S. credit and debit card issuers will have about 150 million more EMV chip cards in circulation by year’s end than predicted last summer, according to the latest forecast from an industry group promoting the conversion of U.S. card payments to smart cards. The Payments Security Task …

Payments 3.0 A good working definition of short-circuiting something is “to force the termination of a process before its conclusion by bypassing one or more steps.” Short-circuiting also usually blows up the bypassed mechanism. Established industries operate on mutually agreed-upon principles and rules. But when the rules become over-protective of …

Durbin Amendment aside, American payment cards have mostly escaped the type of regulation affecting cards in other countries. Can that last? The United States is increasingly becoming an island in a widening sea of payment card regulation. Just last month, Canada’s federal government updated its 5-year-old Code of Conduct for …

Five big players are slugging it out to win what has proven to be all-too-elusive: consumer and merchant adoption. Here’s a close look at the Big 5’s strengths and weaknesses. (Editor’s Note: This is the first part of a two-part examination of the current landscape for mobile payments. Look for …

Big Data is all very well, but when it comes to automated underwriting for merchant funding, the key is to know which data streams to include and which to ignore, says David Rubin. We believe that not every Internet itch that a merchant scratches is germane to the ability or …

By Jim Daly Leading wire-transfer providers The Western Union Co. and MoneyGram International Inc. both reported big growth in their online businesses in the first quarter while merchant acquirer Heartland Payment Systems Inc. posted strong increases in charge volume. • They’re still a small portion of its overall business, but …

The federal Consumer Financial Protection Bureau this spring climbed on a regulatory bandwagon that has federal agencies attacking disfavored industries by going after the payment processors that serve those industries. The CFPB named four merchant-acquiring companies as defendants in a lawsuit against six people and their associated debt-collection companies. The …