The United States may have been late to the EMV party, but U.S. credit and debit card issuers pushing out EMV chip cards have helped make the country the number-one market for EMV plastic, according to the latest figures from Visa Inc. As of June 30, Visa chip cards totaled …
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FIS Cardless Cash Service Coming to 70,000 Payment Alliance International ATMs
Look for cardless cash access at more ATMs in coming months. Fidelity National Information Services Inc. (FIS) and Payment Alliance International Inc. plan to bring the FIS Cardless Cash service to more than 70,000 PAI ATMs. The deal, announced Friday, will significantly expand the number of participating machines from the …
Read More »First Data’s Clover Targets Sports Arenas and other Digital Transactions News briefs
• Citing “changes in the market and an increasing number of mobile payment and banking options available” from financial institutions, the telco-led Canadian mobile-payments service suretap is shutting down as of Aug. 26, according to its Web site. The move follows the January 2015 failure of a similar telco-controlled venture …
Read More »Wendy’s Data Breach Affected 1,000 Locations and other Digital Transactions News briefs
• A payment card data breach reported in May by the hamburger chain Wendy’s Co. was much more extensive than originally thought, the company said Thursday, according to Reuters. Wendy’s now says the breach affected approximately 1,025 stores, or about 18% of the company’s U.S. and Canadian units. In May, …
Read More »Former MasterCard Exec To Take on UniRush Helm and other Digital Transactions News briefs
• ATM network operator Cardtronics plc announced organizational changes that include chief financial officer Edward H. West taking on the additional role of chief operations officer and North American Business Group president David Dove leaving the company later this year. Jonathan Simpson-Dent, who had been managing director of Cardtronics Europe, …
Read More »North American Bancard EMV Tip Adjust and other Digital Transactions News briefs
• Prepaid card provider Green Dot Corp. appointed William I. Jacobs, who joined its board of directors in April, as board chairman. The chairman spot had been held by CEO Steve Streit, but the company, which recently had a proxy fight, is separating the roles. Jacobs currently is chairman of …
Read More »MasterCard Joins Visa in Easing EMV Testing And Chargebacks for Merchants
MasterCard Inc. on Monday is releasing a new policy aimed at speeding the testing and certification of EMV chip card terminals at U.S. merchant locations. The policy change, which the Purchase, N.Y.-based network says will cut test time to a few hours from as much as a couple of weeks, …
Read More »Bank Issues Card Intended for Use in Cuba and other Digital Transactions News briefs
• The Home Depot Inc. filed a federal antitrust lawsuit against Visa Inc. and MasterCard Inc. for alleged lax security practices and a preference for higher-margin signature authentication with EMV chip credit cards over more secure PIN authentication, according to the Associated Press. A MasterCard spokesperson told the AP that …
Read More »Mobile, Breaches, Gift Cards, In-Store Pickup Among Trends Driving Online Fraud
Forecasters have long predicted that the U.S. payments market’s move to EMV chip cards for in-person transactions will drive criminals into e-commerce fraud. Now data is emerging to show the nuances these fraudsters are exploiting, and how the rise in online fraud is hardly limited to the U.S. market. In …
Read More »Nearly 40% of U.S. Visa Credit and Debit Cards Now Have an EMV Chip
Nearly 283 million Visa-branded credit and debit cards issued by U.S. financial institutions now have an EMV chip, Visa Inc. reports. In addition, some 1.1 million U.S. merchant locations that accept Visa cards now take chip cards. In the latest of the payment card networks’ updates on the U.S. chip …
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