Federal regulators on Tuesday issued their final rule for preventing terrorists, drug dealers, and other criminals from using prepaid cards for money laundering. The new rule from the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCen) subjects merchants and other non-bank entities that sell or manage prepaid cards to some …

  PayPal Inc. will roll out mobile payments at the point of sale with as many as 20 retailers next year following a pilot set to start later in 2011, the chief executive of eBay Inc., PayPal’s parent company, said late on Wednesday. Speaking to stock analysts as part of …

Security weaknesses have caused Hypercom Corp. to pull the plug on a software system that enables gateways and merchants using personal computers as virtual terminals to connect to payment-processing services. Scottsdale, Ariz.-based Hypercom sent a notice on July 15 to users of its SmartPayments Savannah Server and related products that …

  n That’s the conclusion of a report released this week by Javelin Strategy & Research, Pleasanton, Calif. In it, Javelin analyst Philip J. Blank notes that mobile-banking adoption among smart phone users has leveled off even though consumers continue to snap up the gadgets at a furious rate. A …

  Fear of the damage that a data breach can inflict on a brand, rather than of network fines, drives organizations to invest in compliance with the Payment Card Industry data-security standard (PCI), a study released on Tuesday says. Some 69% of the mostly online organizations surveyed cited brand protection …

  Rebounding after abandoning plans to build a proprietary merchant network, the Isis mobile-payments joint venture of three leading telecommunications companies on Tuesday said it had enlisted the support of the four major general-purpose card networks in the U.S. The announcement marks an advance by the venture backed by AT&T, …

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  Faster clearing and settlement of automated clearing house transactions, hampered by a host of issues and limitations, could be picking up some momentum, albeit slowly. Software is emerging to allow both large and small financial institutions to take advantage of a nearly 1-year-old Federal Reserve service that clears transactions …

  PayPal Inc. this week demonstrated its slick new person-to-person payments option for Android smart phones equipped with near-field communication (NFC) technology. The demo gave birth to a crop of headlines in online tech publications, but the new service may be little more than a prelude to bigger things PayPal …

  n The first U.S. financial institution to introduce EMV cards, United Nations Federal Credit Union, released the results of a study along with Gemalto, the vendor of its cards. The study comes one year after the credit union launched its chip-and-PIN credit cards. As a result of the study, …