Prepaid card provider Green Dot Corp. on Thursday announced a test with ride-sharing service Uber in which Uber drivers can be paid instantly via deposits into Green Dot’s subsidiary bank. Drivers for San Francisco-based Uber normally are paid once a week via direct deposit into financial accounts on file with …

  The U.S. payments industry’s transition to EMV chip cards has produced a number of side issues, but few may be more pressing for card-not-present merchants than the failed authorizations caused by the ongoing replacement of as many as 1.6 billion credit and debit cards. The new EMV cards carry …

The liability shift by which merchants not prepared to accept EMV chip cards now must bear responsibility for counterfeit card fraud has given rise to a federal antitrust lawsuit seeking class-action status for merchants. The 47-page complaint, filed Tuesday in U.S. District Court for the Northern District of California, comes …

When JPMorgan Chase & Co. announced its own mobile wallet, Chase Pay, in October, it said the new payments service would begin rolling out by the middle of this year, and on Tuesday the money-center bank announced an important step in that direction. The fledgling service, which is up against …

A new Tennessee law governing merchants’ payment card contracts could create headaches for non-bank entities such as independent sales organizations and payment facilitators, merchant-acquiring industry sources say. The law will require processors on a monthly basis to list all fees assessed since the last statement. That’s certainly not unusual in …

Humor me. Take a $20 bill out of your wallet, hand it to me, thank you very much, and then walk into a store and use the same twenty to pay for merchandise. Can you do this? Yes, you can. It is simpler than you think, and perfectly legal! This …

Humor me. Take a $20 bill out of your wallet, hand it to me, thank you very much, and then walk into a store and use the same twenty to pay for merchandise. Can you do this? Yes, you can. It is simpler than you think, and perfectly legal! This …

MasterCard Inc. on Friday said purchase volume made with its U.S.-issued credit and debit cards grew by 8.7% in the fourth quarter and 7.7% for all of 2015, compared with the same periods a year ago. MasterCard also said the number of U.S.-issued credit and debit cards increased. In the …

Subscription payments, also known as recurring billing, is getting renewed attention in the payments industry from companies that provide direct-to-consumer services merchants use, like Recurly Inc., and some providing merchant services, like Fattmerchant Inc. Merchants selling goods and services paid for with subscription payments likely had a busy Cyber Monday …

If history is any guide, card-not-present fraud will spike now that EMV has officially arrived in the United States. Can a growing array of fraud-prevention technologies stem the tide? When it comes to plying their deceptive trade, fraudsters exploit the weakest link in the security chain. With the EMV chip …