Four years after launching a peer-to-peer payments capability using the clearXchange network, Wells Fargo & Co. is enabling a real-time function for its service. Announced Monday, the enhancement enables Wells customers to send and receive real-time payments with no fee from and to customers of any bank that participates in …

Visa Inc. on Tuesday reported that gas stations using a service it introduced two years ago to prevent card fraud at fuel pumps has reduced counterfeit fraud by 54%. Visa says that more than 35,000 U.S. gas stations now use its Visa Transaction Advisor technology at the pump, and that …

Apple Inc. is bringing its Apple Pay service, originally restricted to apps and the Apple mobile wallet, to e-commerce sites on the Web. Apple Pay on the Web will be available this fall as part of the iOS 10 mobile and macOS desktop software updates. “We wanted to bring the …

A trade group of independent ATM deployers on Thursday issued a report blasting the federal government’s Operation Choke Point targeting high-risk merchants, and the nation’s leading retailer association called on the Federal Trade Commission to investigate the PCI Security Standards Council on antitrust grounds. While mostly affecting a few merchant …

Courting and retaining high-risk merchants can yield high returns. But it’s a lot of work. It’s no simple task, but one that can yield enviable returns. Finding the profit in high-risk merchants requires diligence, a knack for customer service, and a commitment to thoroughness. It also requires deep knowledge of …

New technologies and market entrants are exerting downward pressure on acceptance costs for mobile payments. But how much longer will these costs matter? Card payments can be exceedingly complex, but in some ways they’re simple. Whip out a functioning credit or debit card to pay in a store and the …

Gift cards are hugely popular with consumers, and merchants that sell them are more than happy with the customer traffic, sales, and fees they generate. But the cards have been the target of a fraud-prevention crackdown in the first half of 2016. PayPal Holdings Inc. no longer will allow items …

Confronted with pokey EMV transactions, consumers and merchants in the United States may be eagerly looking for the contactless revolution to start. But in the United Kingdom, the wave-and-pay method is already picking up quite a head of steam. Consumers in the U.K. performed just over 1 billion contactless transactions …

Gift cards are the target of a crackdown in the first half of 2016. Next month, PayPal Holdings Inc. will no longer allow items equivalent to cash, including gift cards, to be covered by PayPal’s Seller Protection program for merchants. And prepaid card provider Blackhawk Network Holdings Inc. recently reported …

For merchants these days, laying hands on a payment terminal with the needed EMV certifications is hard enough. Finding a certified device with built-in intelligence is even harder. Against that backdrop, a Palo Alto, Calif.-based startup called Poynt Co. on Thursday announced its Poynt Smart Terminal is the first such …