By Rick Oglesby Visa Inc. chief executive officer Charlie Scharf and MasterCard Inc. CEO Ajay Banga must be all smiles these days. PayPal Holdings Inc. CEO Dan Schulman was clearly motivated to make peace with

• MasterCard Inc. issued its latest U.S. EMV progress report; the network says it has 2 million chip-active merchant locations and that 88% of MasterCard consumer credit cards now have chips. • Processor Elavon announced it is launching a tablet-based point-of-sale product in Canada in conjunction with talech, a POS …

By John Stewart @DTPaymentNews The payments industry may be undergoing an unprecedented attack by fraudsters, but funding of cybersecurity startups by top investors will drop somewhat this year compared to 2015, according to the latest data from CBInsights, a New York City-based firm that tracks venture-capital investment. Total cybersecurity funding …

• Apple Inc. said it is bringing its Apple Pay mobile-payments service to Japan with its new iPhone 7 and 7 Plus smart phones, and Apple Watch Series 2. Apple Pay will work with Japan’s variant of near-field communication (NFC) contactless technology known as FeliCa. • The U.S. Treasury Department’s Financial …

By Jim Daly@DTPaymentNews Having made peace with Visa Inc. in July, PayPal Holdings Inc. announced a similar agreement Tuesday with MasterCard Inc. that further extends the online payments leader’s reach at the point of sale. But PayPal’s new accord has some differences from the one it reached with Visa, most …

• E-commerce services provider Digital River Inc. released a white paper, “The Subscriptions Generation,” which offers guidance for e-commerce decision-makers and product marketers considering online subscription-based business models. • The Western Union Co. announced it is offering free money transfers from agent locations in most countries to more than 450 agent …

With a few exceptions, mobile wallets have so far held scant allure for consumers. Why is that, and what could change it? Most mobile-wallet managers don’t like to talk about it, but their products have a consumer problem—in that people who have the necessary smart phones just aren’t all that …

The influence of fraud prevention on checkout and customer experience is often underestimated because the two priorities seem unrelated. But as EMV has shown, that’s not the case. EMV adoption is progressing, but there’s still a long way to go, particularly as regards customer experience. In fact, the shift to …

• Apparel retailer Eddie Bauer LLC said payment cards used at its more than 350 U.S. and Canadian stores from Jan. 2 to July 17 may have been compromised by malware placed on its point-of-sale systems, KrebsOnSecurity.com reported. The malware has been removed; Eddie Bauer said the “intrusion was part …

• Fast-food restaurant chain Chick-fil-A Inc. says it will begin accepting Apple Pay and Android Pay Friday at the point of sale inside its stores and in drive-through lanes. Chick-fil-A announced in February it would accept Apple Pay along with its own Quick Response bar code-based mobile-payment service. • Wal-Mart …