Issuing/Originating

A tepid world economy didn’t stop Visa Inc. from posting an 8% increase in global transaction volume and a 25% jump in net income for the quarter ended June 30. The leading payment card network on Thursday reported operating revenues of $3.52 billion for the third quarter of fiscal 2015, …

There’s something off about the Apple Watch, especially when it comes to Apple Pay. It’s a bit of a hassle to set up. Let me explain. When I got the watch the other day, the feature I first wanted to activate was Apple Pay, the contactless payment service Apple Inc. …

Despite its strengths, online wire-transfer provider Xoom Inc. faces increasingly tough competition from newer market entrants such as PayPal Inc., which is taking its popular Venmo person-to-person payments service abroad, and from established agent-based providers such as The Western Union Co. and MoneyGram International Inc., which are increasing their online …

Leading ATM manufacturer NCR Corp. this week issued a warning about a new variant of card skimming that gives an ATM user no clue that the machine’s card reader is stealing debit card information. Meanwhile, a report says payment cards used at a theme park in Hershey, Pa., may have …

Green Dot Corp. late Monday removed a big source of uncertainty about its near-term future by announcing a five-year renewal of its contract with Wal-Mart Stores Inc. to be both program manager and issuer of the Wal-Mart MoneyCard prepaid product. But while the deal secures a major source of revenue …

Consumers this fall will begin to dip a lot of EMV credit cards into EMV-compatible point-of-sale terminals, but not so many EMV debit cards. That’s the assessment from Mercator Advisory Group Inc. in its “Prediction for the U.S. Migration to EMV Debit Cards” report released last week. By Oct. 1, …

Judging from new Federal Reserve data, April was a month of joy for merchants and credit card issuers as consumers spent more on their credit cards, but for consumer advocates and financial advisors it may have been a month of angst as they saw foolish consumers take on too much …

A proposed $19 million settlement forged by MasterCard Inc. and retailer Target Corp. to compensate MasterCard issuers for fraud and other expenses they incurred after Target’s 2013 data breach failed to win approval from issuers representing 90% of eligible accounts that the so-called alternative-recovery plan needed by a May 20 …

The reduced interbank fee of 5.2 cents contained in the same-day settlement plan approved this week by members of NACHA, the regulatory body for the automated clearing house network, is likely to go down better with major merchants than the 8.2-cent fee contained in the original proposal. “The level of …

  Payment card issuers considering the conversion of their credit and debit cards from magnetic stripes to EMV chip cards need to consider not only the cost, but the security and reputational factors of doing so, says Computer Services Inc., a banking-services company. In its new “The Road to U.S. …