By John Stewart As dramatic as their joint tokenization announcement was on Tuesday, key officials with Visa Inc., MasterCard Inc., and American Express Co. cautioned on Wednesday against far-reaching industry speculation about how the announcement might affect or relate to other standards, including near-field communication (NFC) and the Europay-MasterCard-Visa (EMV) …

Ammo for ISOs in the Tablet Wars Independent sales organizations are starting to feel squeezed by technology companies selling tablet-based point-of-sale solutions to merchants, according to terminal kingpin VeriFone Systems Inc. So VeriFone last month rolled out a tablet-based platform for its resellers that they can price and market to …

Karen Epper Hoffman A new proposal from European regulators promises dramatic cuts in interchange revenue. Will these rules encourage even more stringent measures in the States? The United States often looks to Europe for trends in fashion, environmental sustainability, and other concerns. Now the issue is payment card expenses and …

Steve Mott Two years after Google’s splashy mobile-wallet debut, there are more wallets than ever, even though Google and others have stumbled. What’s wrong with current wallet strategies, and what kind of future do digital wallets have? If things go according to unofficial reports, the readers of this article will …

Critics say state-by-state money-transfer licenses deter payments startups and entrench incumbents. Defenders say they protect the public. What’s really going on? By Jim Daly Christopher Ferro, who heads up legal and compliance operations at digital wire-transfer company Xoom Corp., was pleased. It was Sept. 5, and he had just opened …

Elizabeth Whalen As remote deposit capture’s popularity soars, so does the opportunity for duplicate deposits. And the problems multiply when more than one bank is involved. As remote deposit capture (RDC) grows in popularity among depositors for its convenience and among banks for its potential cost savings, a downside is …

Durbin Amendment critics have long accused merchants of pocketing the billions they’ve saved since the amendment’s highly controversial debit card interchange price controls took effect two years ago Tuesday. Now, however, retailers are rolling out a study estimating that merchants passed on $5.86 billion in Durbin-related savings to consumers last …

All eyes in the payments business were riveted on Brooklyn earlier this month as lawyers wrangled in federal court over the proposed credit card interchange settlement. What many interested parties—including most observers in the courtroom that day–may have missed, however, is that the hearing brought to light for the first …

VeriFone Systems Inc. on Monday named Citigroup executive Paul Galant as its chief executive, ending a six-month quest for a permanent top executive. Galant replaces interim chief executive Richard McGinn, who assumed that role in March when long-time chief executive Douglas G. Bergeron left the San Jose, Calif.-based point-of-sale terminal …

Phishers are casting their lines at more brands in hopes of luring Internet users into divulging data that they can use fraudulently, according to a new study from the Anti-Phishing Working Group (APWG). According to the study, which covers the first half of 2013, criminals targeted 720 brands, up almost …