One week after announcing it is testing dual-message PIN debit, the Shazam debit network said on Tuesday it will introduce later this year a product that will let merchants accept PIN debit transactions on smart phones. The product, developed by Fort Lauderdale, Fla.-based authentication-technology vendor Adaptive Payments, comes as networks …

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Leading payment card network Visa Inc. on Tuesday announced three initiatives to spur adoption of so-called EMV contact and contactless chip cards and near-field communication (NFC) mobile payments in the U.S. Observers hailed Visa’s action, but noted that a full move to EMV and NFC mobile payments in the U.S. …

  n The first U.S. financial institution to introduce EMV cards, United Nations Federal Credit Union, released the results of a study along with Gemalto, the vendor of its cards. The study comes one year after the credit union launched its chip-and-PIN credit cards. As a result of the study, …

n by Steve Mott   While most observers have viewed Visa’s recent string of acquisitions as a mere broadening of its conventional card franchise, a long-time analyst of the payments business sees a clever play for dominance of the digital future.   Just when the U.S. payments industry appears poised …

  Altering consumer behavior for a complete move away from the payment card is realistically years and years in the future.   Far from getting in the way of chip-and-PIN card adoption in the U.S. market, mobile payments at the point of sale will actually help pave the way for …

  When news broke last month about a major card-data breach at Michaels Stores Inc., an arts-and-crafts chain, two things came to mind: 1) this type of fraud seems never to end, with Michael’s being just the latest in a long and somber line of retail and processor breaches; and …

  All Signs Point to Credit Cards’ Recovery   After getting KO’d in the recession, credit card usage is back on its feet. While card issuers are more cautious than they were a few years ago, consumers who have credit cards are using them more frequently, and they are spending …

  Canada seems to have found a workable formula for rolling out EMV technology.   Can the U.S. learn from it?   By Peter Lucas   Payment card executives in the United States looking to follow a model for how to roll out EMV cards and terminals need look no …

  Kevin Barry   Finding another, unaffiliated PIN-debit network is now mandated by law, but it also makes sense strategically and tactically. Issuers must act quickly, though, to realize the full advantage of the move.   In the past, card issuers have largely partnered with debit networks and promoted authentication …