New rules coming from the CFPB and other regulators will likely lead to exits and consolidation among players, says Ben Jackson. Itäó»s February, and by the end of the first quarter the rules of the prepaid game likely will change. Looming regulations at both the federal and state level likely …

Open-loop financial-services prepaid cards will be one of the fastest-growing segments for prepaid over the next two years, predicts the äóì12th Annual U.S. Prepaid Cards Market Forecasts, 2015-2018,äó recently released by Mercator Advisory Group Inc. The report, which gauges the growth potential of both open-loop and closed-loop prepaid cards, also …

E-commerce merchants and the payments companies providing them with merchant services have reason to be both happy and disappointed with the 2015 holiday season. On the one hand, merchants handled the voluminous number of e-commerce orders by using their physical stores to fulfill their online sales. The volume of these …

Not long after Wal-Mart Stores Inc. shook the industry last month with its announcement that the chain plans to roll out its own mobile-payment service, questions arose about its commitment to Merchant Customer Exchange LLC (MCX), the mobile-wallet consortium that Wal-Mart helped launch three years ago. Starting in December, Wal-Mart …

By John Stewart Thursday’s surprise announcement by Wal-Mart Stores Inc. that the retailing titan will roll out its own mobile-payment service next year raises questions about its commitment to Merchant Customer Exchange LLC (MCX), the mobile-wallet consortium that Wal-Mart helped launch three years ago. Starting this month, Wal-Mart will begin …

The notion that the belated U.S. conversion to the EMV chip standard will drive up e-commerce fraud was fresh wisdom several years ago, when EMV was but a glimmer in the payments industry’s eye. Then, with repeated airings, it became a commonplace. And now, with the point-of-sale liability shift having …

Apple Inc. stole headlines for a while last month when reports surfaced that it was planning to launch a person-to-person payments service. Those reports are unconfirmed so far, but the opportunity for Apple and all the mobile and online players lies in one glaring fact: Payments between individuals are still …

Just like law-abiding consumers, criminals hope to score good deals during the holiday shopping season. And luxury items and business services, such as hosting plans and search engine optimization, top their lists, finds an analysis by Forter, a San Francisco-based fraud-prevention specialist. In a report released on Monday, Forter analyzed …

Veterans of the e-commerce, risk-control and payment card industries all have been predicting that fraudsters will turn their attention to card-not-present channels as the U.S. shifts to EMV chip card payments and thus makes counterfeiting at the point of sale harder to commit. Now a new study by ACI Worldwide …

A filing Tuesday by First Data Corp. in the wake of its recent initial public offering of stock paints a picture of a payment processor growing in many areas but still carrying a heavy debt load and challenged on profitability. The filing, Atlanta-based First Data’s quarterly report to the Securities …