Shares of transaction-processing companies lost ground in November for the second month in a row, but the decline wasn’t nearly as great as October’s 10% plunge, according to new data from Barrington Research Associates Inc. The Chicago-based investment firm says share prices of a group of 26 publicly traded transaction …
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The PCI Council Publishes Updated Guidance for Securing Telephone-Based Payments
Online and mobile payments get all the press, but plenty of card-not-present payments still originate from telephone orders. The security threats from such orders are changing, which prompted the PCI Security Standards Council to issue an update Wednesday to guidance it first produced seven years ago for protecting phone-based payments. …
Read More »First American’s New Hire and other Digital Transactions News briefs from 11/29/18
A consumer bill-pay survey revealed that 46% of consumers routinely pay after the due date or never pay at all. Of these, 72% are “very” or “extremely likely” to pay on time if they could pay with a credit or debit card, while 69% would pay on time if they …
Read More »Chase Gets Back Into Contactless Cards, Signaling Stronger Momentum for Tap-And-Go EMV
Giant card issuer Chase once again will issue contactless credit and debit cards, the bank announced Wednesday. Chase, a unit of JPMorgan Chase & Co., says it will begin later this year issuing contactless EMV cards bearing the Visa Inc. brand, first to its Chase Freedom Unlimited and Chase Slate …
Read More »The Fed Unveils an Industry Group Charged With Developing Faster Payments
Following through on plans disclosed earlier this year, the Federal Reserve on Tuesday formally unveiled the U.S. Faster Payments Council, an industry group charged with collaborating to spur the adoption of faster payments and identify market opportunities. The 22 inaugural members range from retailing giant Walmart Inc. to Visa Inc. …
Read More »AmEx Scores a Breakthrough in China With a License to Process Domestic Payments
The major U.S. payment card networks have been trying to set up shop to process domestic transactions in mainland China for years, only to encounter government resistance. But American Express Co. announced a breakthrough Friday with a deal to become the first overseas network to win an OK to operate …
Read More »Ingenico Sacks Its CEO As It Considers ‘Strategic Options’
Point-of-sale terminal maker and payment processor Ingenico Group on Monday announced an executive shakeup that saw long-time chairman and chief executive Philippe Lazare replaced by the former CEO of Visa Europe. Lazare’s replacement and other boardroom changes come shortly after the Paris-based company said it was exploring “strategic options” in …
Read More »October’s Market Tumult Ensnares Most Processor Stocks
The stock-market volatility in October, which saw the Standard & Poor’s 500 stock index decrease 7.8% by the end of the month, spared few of the publicly held payment processors tracked by Barrington Research, a Chicago-based investment firm. In its monthly report, Barrington Research says only Puerto Rico-based Evertec Inc., …
Read More »12th Annual The 10 Most Pressing Issues in E-Payments
If understanding a problem is the first step toward a remedy, here are 10 first steps for the executives who must grapple with the complexities of payments every day. Well, here we are with our annual list of the 10 issues causing the most sleepless nights for payments executives these …
Read More »Getting Contactless Right Means Just Doing the Work
It’s no secret contactless payments have struggled in the United States, but less discussed is what needs to be done to boost usage. A paucity of dual-interface cards—EMV plastic that can either be inserted into terminals or tapped on them—is much to blame, but it turns out the answer goes …
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