Credit Cards

By Peter Lucas @DTPaymentNews With the launch of its Prime Reload rewards service, Amazon.com Inc. has positioned itself to deal a serious blow to bank card issuers’ revenues earned from interchange on Amazon.com purchases, and limit the visibility banks have into their cardholders’ behavior on the e-commerce giant’s Web site. …

Canadian merchants that accept Visa Inc. and Mastercard Inc. credit cards soon will be able to add a surcharge to some transactions following a settlement reached this week. The settlement, which stems from a 2011 class-action lawsuit against Visa, Mastercard, and a number of card-issuing banks alleging excessive fees, calls …

Wal-Mart Stores Inc. is giving customers another reason both to take its credit cards and use its Walmart Pay mobile wallet by enabling new cardholders to use their credit accounts immediately upon approval via Walmart Pay rather than having to wait for a plastic card to come in the mail. …

By John Stewart @DTPaymentNews The U.S. transition to the EMV chip card standard has been a long and troubled road, but statistics released by the international standards body behind EMV indicate encouraging progress. As of the end of 2016, 52.2% of major-brand payment cards in the United States—some 675 million …

By Jim Daly@DTPaymentNews The number of data breaches tracked by the Identity Theft Resource Center in 2017 hit 698 as of May 30, a 35.3% increase over the record pace of a year ago when the ITRC flagged 516 breaches in 2016’s first five months. The San Diego-based nonprofit monitors …

By René Pelegero The Fed’s task force has made a lot of progress, and on some fronts the results look promising. So why does it seem like the creation story of Visa and Mastercard all over again? It has been a long time since the initial Faster Payments discussions in …

The Android Pay mobile-payments service from Alphabet Inc.’s Google unit is now live or about to go live in Canada, payments companies and media outlets reported Wednesday. Canada’s Interac Association national debit network said that its Interac Debit service will be available for Android Pay mobile payments beginning June 5 …

Global shipments of chip cards surpassed 2.1 billion in 2016, a 4% increase from 2015, says the Smart Payment Association. “Following significant EMV rollout programs in the United States and China, 2016 saw shipment volumes begin to normalize to reflect growing market maturity in most major global markets,” said Sylvie …

Consumers may like the leading payment brands, especially Visa, but they don’t connect with them on an emotional level, according to new research findings from payments-industry consulting firm The Strawhecker Group. Asked if they “have any emotional connection” to any of the brands, some 77% of TSG’s respondents said no. …

Today, Canadian businesses and financial institutions employ several different standards or “languages” to make and receive payments across systems, financial markets and borders. Payments are also lacking valuable data, such as invoice or remittance information – which is key to automated processing and electronic payments. To mitigate these issues, labor-intensive …