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A Year On, EMV Migration Achievements Beset With Ongoing Acceptance Challenges

By Kevin Woodward@DTPaymentNews No doubt, the U.S. payment card industry’s monumental shift to EMV chip cards is earnestly moving ahead. A year later—Saturday marks the anniversary of the liability shift—some 2 million merchants accept the cards and card brands count millions of chip-enabled cards in use. The United States became …

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Lender Teams With EVO Payments For Canadian Venture and other Digital Transactions News briefs

• The U.S. Supreme Court agreed to hear a challenge to a New York state law barring retailers from imposing credit card surcharges, Reuters reported. A federal appellate court upheld the law a year ago; nine other states have similar laws. • Online business lender Merchant Advance Capital said it …

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Mandate From the Top: MasterCard Opens Developer Gateway to Critical Payments Tools

By John Stewart @DTPaymentNews Payments networks face a competitive landscape marked by rapid innovation, so the two biggest systems, Visa Inc. and MasterCard Inc., are responding by increasing the access developers have to their once tightly guarded skunk works. The latest move comes Wednesday from MasterCard, which announced MasterCard Developers. …

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An Appellate Court Victory Bolsters AmEx in Its Efforts to Enforce Acceptance Terms

By John Stewart @DTPaymentNews A federal appeals court on Monday handed American Express Co. a signal victory in the age-old battle with merchants over card-acceptance costs, but in doing so it may also have bolstered the card giant in its efforts to set and enforce merchant pricing. The U.S. Court …

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Avidia Bank Among Same-Day ACH Pioneers and other Digital Transactions News briefs

• Avidia Bank announced it is offering same-day ACH payments using technology supplied by linked2pay, a payments-technology company. • Fuel-pump manufacturer and convenience-store technology provider Gilbarco Veeder-Root said Colbea Inc., which does business as Seasons Corner Market, is installing Gilbarco’s Passport Point of Sale system to handle EMV chip card payments …

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Though Locked in Combat With Visa, Wal-Mart Cuts a Deal for ChaseNet Visa Acceptance

By John Stewart@DTPaymentNews Wal-Mart Stores Inc.’s deal with JPMorgan Chase & Co.’s ChaseNet processing network, announced Thursday morning, proves that the nation’s biggest retailer can make peace with the big card brands if the terms are right. And it may indicate bigger prospects for Chase’s ambitious merchant-acquiring operation. Under the …

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Experian Releases E-commerce Fraud Report and other Digital Transactions New briefs

• U.S. Attorney General Loretta Lynch is expected to announce a crackdown on a global mail-fraud scheme that allegedly stole millions of dollars from elderly victims, CNNMoney reported. At the center of the investigation is an Canadian processor named PacNet Services Ltd. that reportedly deposited many of the victims’ checks. …

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On the Eve of Same-Day Clearing, ‘Excitement Is Palpable’ at ACH Nerve Center

By John Stewart@DTPaymentNews Same-day processing starts Friday on the nation’s automated clearing house network, and months of preparation and planning appear to be paying off.  “Everybody is heads-down getting it done. We haven’t been getting any SOS calls,” Jane Larimer, executive vice president of network services at NACHA, the governing …

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With Same-Day ACH Looming, Dwolla Unveils a Payout Feature for its White-Label API

By John Stewart @DTPaymentNews Companies that have been planning for months for the arrival Friday of same-day automated clearing house payments are getting ready to pounce, and one of the first opportunities lies in platform payouts. Des Moines, Iowa-based Dwolla Inc., for example, on Wednesday is announcing a new feature …

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Frost Bank Joins clearXchange and other Digital Transactions News briefs

• The Clearing House Payments Co. LLC selected IBM Corp.’s Power8 system for its real-time payments service, expected to go live next year. The IBM system will run software from VocaLink Holdings Ltd., which TCH selected last year as a vendor for its project. VocaLink is being acquired by MasterCard …

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