News

October, 2015

• 16 October

  Gemalto Brings Its ‘Dynamic Code Verification’ To the Fight Against Card-Not-Present Fraud

  With the coming of EMV chip card payments to the U.S. point of sale on Oct. 1, merchants, merchant acquirers and credit and debit card issuers are bracing for an expected boom in card-not-present (CNP) fraud. Countless processors, payment gateways and tech companies have announced products and services meant to …
• 15 October

  First Data Raises $2.5 Billion as it Re-Enters the Stock Market, but Investors Lukewarm

    Processing titan First Data Corp.’s return to the stock market Thursday was met with a tepid response from investors in the Atlanta-based company. First Data, which turned to the market to raise money to pay off debt, priced its initial public offering late Wednesday at $16 per share, which …
• 15 October

  Capitalize on EMV Opportunities

      As more merchants begin to realize the need to become EMV compliant and purchase EMV-capable devices, they will be searching for the right solution for their business. Imagine being one of the few VARs able to provide an EMV-compatible solution and the opportunities it could present. In this …
• 14 October

  Blockchain Technology Enables Uphold To Offer Free Money-Exchange Services

    With a mission to offer as many free, or cheap, money-exchange services as possible, Uphold, a virtual funds and commodity platform, on Wednesday launched the first of a four-phase effort to expand its reach among consumers, merchants, charitable organizations and software developers. Uphold, the new name of Bitreserve, an …
• 14 October

  Square Files for IPO; Heading for More Than $32 Billion in Charge Volume

  After alerting the investment community in July that it intended to file for an initial public offering of stock, merchant processor Square Inc. on Wednesday finally went public with its plans. San Francisco-based Square, which first made a name for itself by providing mobile-payment services to tiny businesses and individual …
• 14 October

  Banking Kingpin Chase Prepares an ‘Aggressive’ Push for Its Own Digital Wallet

  Another 800-pound gorilla will soon be promoting a digital wallet, only this time it’s not a technology firm. It’s JPMorgan Chase & Co., a world leader in payment card issuance and merchant acquiring. “We’re launching our own wallet. You’ll be hearing a lot more about it,” Mike Passilla, chief executive …
• 13 October

  VeriFone Snaps Up Curb, a Taxi-Hailing and Payments App

    VeriFone Systems Inc. reported Tuesday that it bought Curb, a taxi-hailing service that offers consumers an electronic hailing app. The move boosts San Jose, Calif.-based VeriFone’s involvement in taxis, which started almost 10 years ago, and complements Way2ride, a taxi-payment service VeriFone launched in 2013 to provide. The Curb …
• 13 October

  CurrentC Adding More Major Merchants in Columbus, ‘Open-Loop’ Cards To Come

  Within a week, four more major retailers—ExxonMobil, Sears, Shell Oil, and WalMart—will join the CurrentC pilot that started last month in Columbus, Ohio. That’s according to Brian V. Mooney, a long-time processing executive who took over in April as interim chief executive of the mobile wallet’s sponsor organization, Merchant Customer …
• 12 October

  The Double-Edged Sword of Tokenization Helps Issuers But Also Poses a Subtle Threat

  By John Stewart The rise of tokenization into a major payments business helps enable enterprises like Apple Pay and Android Pay but could also pose a threat to the financial institutions that have historically issued the majority of the cards consumers use most often. That threat lies in the fact …
• 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. …