A well-crafted email message from an executive can cause employees to take swift action. That’s just what criminals hope for when they send phishing messages that purport to be from senior executives to more junior ones, says Scott Montgomery, vice president and chief technical strategist at Intel Security, the data-protection …

Chargebacks stemming from the EMV liability shift are bedeviling merchants, and some of them are turning to the courts for relief. That could change the way EMV plays out in the United States. Max Milam thought his stores were ready for EMV chip cards. His four Milam’s Market grocery stores …

Peer-to-peer payments are taking center stage as banks, processors, and tech companies roll out new ways to displace cash. But will providers cash in? The headlines mostly tell of the problem-plagued EMV chip card rollout in the U.S. or wishfully hope that mobile payments will finally catch on with consumers …

After a lot of talk, there’s about to be some action in same-day automated clearing house payments, according to NACHA, the ACH network’s oversight body. NACHA reported last month that nearly all of the nation’s biggest financial institutions plan to originate same-day ACH payments this year. The January-February telephone survey …

MasterCard Inc. in the three months ending March 31 posted its biggest increase in processed transactions in two-and-a-half years, thanks to strong U.S. volumes and growth in many, if not all, other markets. The No. 2 payment card network Thursday reported its processed transactions totaled 12.6 billion in the first …

The coming of same-day settlement of automated clearing house transactions to the U.S. next September has many bank and credit-union executives excited about the prospect of faster payments. But fears about more fraud are rising, too. A recent survey of approximately 60 financial institutions by New York City-based fraud-control firm …

Walmart Pay, the mobile-payments app developed by Wal-Mart Stores Inc., is now broadly available to consumers as part of version 6.8 of the retailing titan’s shopping app, introduced this week for Apple Inc. smart phones. The app update, available on the iTunes store, says Walmart Pay will be “available in …

First Data Corp. is taking its Clover brand, known until now as a mobile point-of-sale service, to the Web with a launch May 3 of the Clover Online Store. Announced Wednesday at Transact16, the Electronic Transactions Association’s annual conference in Las Vegas, the service enables merchants to set up an …

Total charge volume on Discover Financial Services’s networks fell 5% in the first quarter thanks to a 15% drop at the Discover-owned Pulse electronic funds transfer network. But U.S. Bancorp, which owns the big merchant acquirer Elavon, says its merchant-processing revenue increased 4% due to higher transaction volumes and sales …

Many consumers and merchants adjusting to using newly-issued EMV credit and debit cards may undergo a perception versus reality check as Visa Inc. prepares to debut its Quick Chip for EMV program. Visa also provided updated chip card issuing and acceptance data. Announced Tuesday, the program enables consumers to remove …