News

October, 2015

• 12 October

  The ABA Says the FBI Was ‘Receptive To Getting It Right’ About PINs and EMV Cards

  The American Bankers Association seems to have persuaded the Federal Bureau of Investigation to do something the Bureau rarely ever does, at least in public: change its mind. The FBI’s original position was the consumers should enter a personal identification number whenever possible when using their new EMV chip cards. …
• 11 October

  FBI Notice Warning Consumers To Use PINs With EMV Cards Gone; ABA Protest the Cause?

  A public service announcement the FBI posted Thursday warning consumers that the new EMV chip cards “are vulnerable to exploitation by fraudsters” and urging them to enter a PIN instead of a signature during EMV credit card transactions was removed Friday, apparently at the behest of the leading banker trade …
• 9 October

  With NFC Finally Getting a Foothold, More Uses Could Mean More Payments, Experts Say

  Finding more ways to incorporate near-field communication (NFC) technology into everyday objects could eventually mean more payments. At least that’s the future as envisioned by panelists at the NFC Solutions Summit this week in Phoenix. Sponsored by the Smart Card Alliance, the conference examined ways NFC technology, which enables wireless …
• 8 October

  Universal Offers Standards, Digital IDs Needed To Drive Wider Mobile-Wallet Adoption

    Consumer confusion, lack of standards for offers, and splintered merchant acceptance continue to impede mobile-wallet adoption among consumers, but they are not expected to thwart the long-term prospects for the payments model, suggested panelists on Wednesday at the NFC Solutions Summit in Phoenix. Near-field communication (NFC) technology not only can …
• 8 October

  Eye on Mobile: How the Phone Is Steadily Taking Over Online And P2P Payments

  Two reports released Thursday point up the accelerating rate at which consumers are turning to a mobile device rather than a PC to pay an online merchant or another person. The news comes as major tech players like Apple Inc., Google Inc., PayPal Holdings Inc., and Samsung Electronics Co. Ltd. …
• 7 October

  Live Nation Whets Its POS Appetite With a Big Mobile and Fixed-Unit Deal from Appetize

    Venue operator Live Nation Entertainment will install more than 4,400 fixed and mobile point-of-sale devices supplied by cloud-based  mobile point-of-sale maker Appetize in 32 venues, Appetize announced Tuesday. Four-year-old Appetize says this is its largest single POS deployment yet. About half of the devices in the Live Nation deal …
• 7 October

  Much Taken With Selfies, Millennials Also Like Mobile Capture, Survey Shows

  Lately, the payments industry has been much taken with the so-called Millennial generation and how to appeal to it. Research released Wednesday indicates a key to this question is to take advantage of the one smart-phone activity the 18-to-34 age group has made famous: the selfie. The research, conducted by …
• 6 October

  Tokenization’s Fast Rise Will Likely Attract Rivals for the Big Three Networks, Report Says

  By John Stewart Just within the past year or so, tokenization has assumed a central role in digital payments, and in that business three major card networks are the dominant—indeed, only—players performing a crucial function known as the token service provider. But this new form of payment processing is moving …
• 6 October

  At Its Innovation Center, Visa Puts an In-Store Self-Checkout App to the Test

  Visa Inc. is providing emerging self-checkout provider Digital Retail Apps another venue to showcase its smart phone-based service by enabling it at the Visa Innovation Center, its technology lab in San Francisco. Toronto-based Digital Retail Apps says Visa will integrate the SelfPay technology into the Visa Everywhere Shop app, enabling …
• 6 October

  Eye on Bitcoin: Ingenico’s Bitcoin-Accepting Terminal; Feds Set Final Silk Road Auction

  Point-of-sale terminal maker Ingenico Group has teamed up with Bitcoin merchant acquirer BitPay Inc. to retrofit a traditional POS terminal for Bitcoin acceptance in stores. And the U.S. Marshals Service is planning to auction off the last of the Bitcoin that the FBI seized in 2013 when it busted Ross …