Sixty-one percent of respondents to a recent ATM Industry Association survey said that 76% to 100% of the ATMs they operate will be ready for the Europay-MasterCard-Visa (EMV) chip card liability shift that takes effect in October 2016, the trade group of ATM independent sales organizations and retail ATM operators …

President Barack Obama last month called for a national data-breach notification law to replace the existing patchwork of state notification rules. If current trends continue, there will be plenty of breaches to report. The number of credit and debit cards compromised in data breaches hit 64.4 million in 2014, up …

Security Notes When we detect air pollution, is the treatment of asthma our first line of defense? When our water supply is contaminated, is it our best answer to boil our water? It is difficult to keep our air and water clean, but that’s our strategic aim, meeting the threat …

Payments 3.0 One thing about the future of payments is assured: The flood of new payments-system ideas won’t slow. This is due to the convergence of four developments in the payments ecology: 1. Software-development tech­nology that allows anyone to code a new payments system; 2. The ability of apps to …

Hoping for contactless chip cards? Not likely any time soon. The contact version of EMV is emerging as the clear issuer choice as October’s liability shift approaches. Here’s why. It’s show time for chip cards. With the payment card networks’ so-called liability shift now just eight months away, U.S. general-purpose …

By the end of this year, data security will get a good deal more complex and a lot more expensive. What’s the answer for beleaguered small merchants? There are plenty of articles out there detailing the changes to the newest version of the Payment Card Industry data-security standard (PCI-DSS) that …

For all the talk about merchant adoption and wallet creation, Bitcoin hasn’t found a consumer market—and probably won’t, says Nathalie Reinelt. Bitcoin isn’t really disrupting anything until it starts pulling large volumes of assets away from traditional financial institutions. That’s not likely to happen any time soon. Only days into …

Twice as many 18-to-34 years old consumers, 32%, are likely to use mobile wallets like Apple Pay or Google Wallet as those 35 and older (16%), according to a survey of more than 900 adults by Fair Isaac Corp. That divide is even more pronounced among respondents 50 years or …

Traffic on the automated clearing house network continues to climb at a steady clip as financial institutions and other users of the system mull over a proposal to speed up payments from next-day to same-day settlement. In the quarter ended Sept. 30, the latest period for which data are available, …

The expense of managing multiple upgrades to fleets of ATMs has small banks and credit unions turning to companies like Houston-based Dolphin Debit for help. Dolphin Debit, which manages more than 1,000 ATMs for more than 200 financial institutions and at several Murphy USA locations in 10 states, says its …