Credit Cards

The number of EMV chip card-accepting U.S. merchant locations reached 2.3 million in June, up from 2.02 million in March and an increase of 77% from 1.3 million in June 2016, according to new figures from Visa Inc. Visa says in its latest EMV report that half of U.S. storefronts now …

The financial-services industry can take some satisfaction that it has improved its overall compliance with the PCI data-security standard, going from 42.9% of firms in full compliance in 2015 to 59.1% in 2016, as measured in the 2017 Payment Security Report from Verizon Enterprise, the business-services unit of telecommunications carrier …

After chastising the Consumer Financial Protection Bureau for way it handled itself in its 2015 lawsuit against allegedly fraudulent debt collectors and their payment processors, a federal judge on Friday threw out the CFPB’s claims against the processors. The case is unusual in that Judge Richard W. Story of U.S. …

A pioneering mobile-payment wallet for mass transit has reached a milestone. Chicago’s Ventra app has been downloaded more than 2 million times since it became available in November 2015, according to an announcement Monday from Cubic Transportation Systems, the San Diego-based company that developed the app. Commuters have bought almost …

In the wake of violent clashes last weekend between white supremacist groups and counter-demonstrators in Charlottesville, Va., payments companies are cutting off access to their systems that supremacist groups use to accept donations. Pressure on the payments firms began building not long after a female counter-demonstrator was fatally struck by …

It’s been a year since the so-called faster EMV burst on the scene at some grocery stores on the West Coast, and so far officials at the chain that owns the two store brands involved in that launch couldn’t be more pleased with how the technology has smoothed out EMV’s …

Smaller retailers haven’t yet closed the EMV-acceptance gap with big ones, but they are making progress on installing EMV chip card readers at the point of sale, according to findings from a recent survey for the National Retail Federation. The online poll found that 60% of small brick-and-mortar retailers had …

ThreatMetrix Inc., a provider of digital-identity and authentication services, reports that its network detected and stopped 144 million cyberattacks in the second quarter, a 100% increase from 2015’s second quarter. ThreatMetrix says its Digital Identity Network from April through June also stopped 300 million bot attacks in which hackers take …

Chinese tourism abroad has already taken off, and it’s expected to grow ever larger in coming years, lifting sales for merchants in the United States and other parts of the world. The latest company to set itself up to cash in on the trend is Marriott International Inc., which on …

Artificial-intelligence technology, on which a number of payments applications have begun to rely over the past year or so, just keeps getting hotter. Nearly 700 funding deals for AI startups were concluded in 2016, up 33% from 2015, according to a report released this week by CBInsights, a New York …