ViVOtech Inc., a payment hardware and software provider specializing in near-field communication (NFC) technology, on Thursday said it is interested in buying the U.S. assets of Hypercom Corp., the point-of-sale terminal maker in the process of being acquired by rival VeriFone Systems Inc., San Jose, Calif. Santa Clara, Calif.-based ViVOtech …

Overwhelmed by the volume of comments it received, Federal Reserve Board Chairman Ben S. Bernanke on Tuesday said in letters to Congress the Fed would miss Congress’s April 21 deadline to have issued final debit card interchange and network regulations. Bernanke, however, said the Fed still plans to meet the …

With much of the payments industry and Silicon Valley tech press in a speculative frenzy about what Google Inc., Apple Inc., and Facebook Inc. might or might not do regarding mobile payments, a new study has come along indicating that consumers are complacent, arguably extremely complacent, about protecting personal and …

It’s big news, not to mention a major embarrassment, when a leader in data security itself becomes a victim of a serious breach. That was the case for RSA, which stores the tokens widely used by financial institutions as a second factor of authentication for online-payment transactions. In the breach—announced …

A Dublin, Ohio-based startup is leveraging air-courier logistics and aggregation efficiencies to wring revenues out of a dying business—the so-called substitute check. Liberty Processing & Services Innovation went live only five months ago and is now printing and delivering about 3 million checks a month on behalf of five client …

Consumers have few expectations that they’ll benefit from pending debit card interchange price regulations, according to new survey findings from Javelin Strategy and Research. And, with consumers used to free checking and debit cards, banks will need to move carefully if they want to impose new fees to make up …

Big debit card issuer TCF Financial Corp. might need to lay off more than 2,000 employees to offset potential revenue losses if the Federal Reserve Board’s most draconian debit interchange price-control proposal takes effect, TCF said in recent court filings. Wayzata, Minn.-based TCF also said that its annual revenue loss …

There may be some good news for large banks and card networks fretting over the looming effective date for the Durbin Amendment and its restrictions on debit card income. While the amendment, part of the Dodd-Frank Wall Street reform legislation signed into law last summer, will severely compress debit card …

With opposition to looming debit card interchange regulations growing, merchant groups that would benefit from regulation by way of lower payment card acceptance costs are making a case to prevent the Federal Reserve Board’s planned rules from being delayed or scuttled. Much of the questioning about the Dodd-Frank financial-reform law’s …

Does EMV  Make Sense in the  United States? We pose the question above not because we are wondering about the answer, and still less because we doubt the benefits of chip-and-PIN security, but because a recent decision by Visa Inc. leaves us wondering what kind of future the world’s largest …