Can the new version of 3D Secure fix the faults of the old one and stem the steady rise of e-commerce fraud? The answer is a big maybe—and here’s why. It has been nearly two decades since the card-network brands introduced 3-Domain Secure 1.0 in an attempt to offer a …

There’s some good news for U.S. debit card issuers in the form of reduced fraud rates, according to the 2017 Debit Issuer Study released Monday by Pulse, the electronic funds transfer network owned by Discover Financial Services. The fraud-loss rate for signature-debit transactions fell 30% from 2015’s 2.6 cents per …

Smaller retailers haven’t yet closed the EMV-acceptance gap with big ones, but they are making progress on installing EMV chip card readers at the point of sale, according to findings from a recent survey for the National Retail Federation. The online poll found that 60% of small brick-and-mortar retailers had …

Prepaid specialist Green Dot Corp. released more details about its role in Apple Inc.’s upcoming person-to-person service in its Messages app.  Apple announced the new feature in June and is expected to make it available this fall with an update to its iOS software for iPhone and iPads. Pasadena, Calif.-based …

PayPal Holdings Inc. and Bank of America Corp. announced an agreement whereby PayPal will tokenize BofA cards for in-store transactions based on the PayPal wallet. The in-store payments will work with a PayPal service using near-field communication that PayPal says is coming, without adding details. Discover Financial Services said in its second quarter earnings …

Vantiv Inc. took the unusual step this week of filing a document with the Securities and Exchange Commission to dispute a research firm’s report about its merchant pricing. The payment processor says the report “claims Vantiv deceives merchants by marking up interchange fees.” The report about Vantiv’s allegedly high and …

U.S. Bancorp on Wednesday reported modestly higher results in its merchant-acquiring unit for the second quarter, while ATM manufacturer Diebold Nixdorf Inc. posted a $31 million loss after lowering its financial projections for the year. Minneapolis-based U.S. Bancorp is the parent company of U.S. Bank and Elavon, the fifth-largest merchant …

No law in the history of electronic payments has had more impact—or stirred more controversy—than Sen. Durbin’s debit card rules. With emotions running high, will it survive the next half decade? In 2010, the U.S. Congress succeeded in doing something other Western nations had long since done but had always …

Republican backers of repeal of the Durbin Amendment lost a key battle this spring because they concentrated their arguments on Congressmen and financial institutions. Success in the future will depend on firing up consumers, argues Eric Grover. On June 8, the House of Representatives passed the Financial Choice Act, albeit …

    There is a desire to make money and the desire to avoid risk. In between is where profit lies. As many ISOs and merchant sales agents know, higher volume, complex, higher risk and hard to place merchants represent a significant profit opportunity. But to benefit, you need the …