PayPal Inc., a dominant processor of e-commerce transactions, has made no secret lately of its ambitions to move into the world of brick-and-mortar commerce. The only missing element was a physical token that account holders could use at the point of sale. Now it appears that void will soon …

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  When on June 29 the Federal Reserve Board issued its final rule implementing the Durbin Amendment to the Dodd-Frank Act of 2010, issuers had some cause to heave a sigh of relief. As stringent as the Fed’s debit card interchange caps were for issuers above $10 billion in assets, …

  Visa Gives a Push to Prepaid Cards   If Visa Inc. could be personified as an illustrious 19th Century editor, he might be saying, “Go prepaid, young man.”   The No. 1 payment card network’s interchange schedule effective Oct. 1, the day new federal debit card interchange price controls …

  By Jane Adler   Rightly or wrongly, lots of investors are mesmerized by the high-profile startup Square. But it’s not the only newbie transforming the payments industry as venture-capital firms scramble to find the next big idea.       Some startup companies get all the attention.   The …

  By John Stewart and Jim Daly   Having beaten the banks on debit card pricing, they’re now staking out positions on mobile payments and chip cards. This could be the start of the decade of the merchant in the business of consumer payments.       Who controls consumer …

  By Bill Kinnelly and Anthony James   Most of the talk about the Durbin Amendment centers on debit interchange controls, but the sweeping measure must be considered in full and in relation to other costs.       As we enter the Durbin Era of debit card processing, much …

  John Stewart and Jim Daly   The Fed’s Durbin-inspired debit regulation is already radically reshaping the business for merchants, issuers, acquirers, and networks. Here’s how.       Well, it’s all over but the shouting. And, with the ink dry now for more than two months, there isn’t even …

  n Jumio Inc., a startup based in Mountain View, Calif., this week introduced a system that lets consumers scan credit and debit cards using the Webcam built into many PCs. The launch follows a similar application introduced earlier this year by Card.io, San Francisco, that lets mobile phones scan …

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