Thursday , March 28, 2024

Search Results for: POS system

Now Taking EMV Cards at Some U.S. Stores, Wal-Mart Prods EFT Networks to Get in the Game

With both Visa Inc. and MasterCard Inc. now on the record with plans to encourage the adoption of EMV chip card and mobile payments in the U.S, it seems all but certain that the magnetic-stripe payment card’s days are numbered. In fact, Wal-Mart Stores Inc. already is seeing some EMV …

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Durbin Begins to Bite at Visa As Debit Growth Slows in the Latest Quarter

While acknowledging that federal pricing regulations are crimping growth in its debit card business, Visa Inc. late on Wednesday presented an upbeat report to investors that stressed new ventures like its recently introduced digital wallet, V.me. Separately, the world’s largest card network also unveiled new tools to help client banks …

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Food, Dining Places Especially Vulnerable to Card-Data Breaches, Report Finds

Among all the types of merchants that accept card transactions, coffee shops, pizza parlors, burger places, and food stores might need to keep an extra-careful watch on their card data. If they’re operating as a franchisee and part of a chain, they might want to be especially wary. And if …

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Visa Unveils Chip Services As Its U.S. EMV Card Base Crosses the 1 Million Threshold

Visa Inc. reported on Monday that its U.S. financial-institution clients have issued more than 1 million chip cards compliant with the EMV standard. The leading payment card network also introduced new EMV processing services so that issuers can reduce their own investments in chip technology. Just over 10 issuers now …

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Datacard, DeviceFidelity Prepare for Mass Issuance of Micro SD Cards for NFC

In a move that could herald a time when card issuers will be able to mass produce specialized cards equipped with near-field communication (NFC) technology, Datacard Group on Monday announced it has taken an equity stake in DeviceFidelity Inc., a Richardson, Texas-based startup that makes micro Secure Digital (SD) cards …

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Durbin Produces Contracts for First Data’s Star, But Results Are Months Away

  Leading payment processor First Data Corp. reported on Wednesday that its merchant-acquiring operations are enjoying a temporary profit lift and its Star electronic funds transfer network has won more than 20 new contracts from financial institutions as a result of the Durbin Amendment. But whether those new contracts actually …

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Trends & Tactics

Virtual Currencies: Bust-Out Ahead? Witness the recent travails of the euro if you want proof of how hard it is for any new currency, even a physical currency backed by multiple governments, to attain and retain widespread usage and acceptance. The obstacles blocking the new breed of electronic currencies from …

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Security Notes: Putting Hackers on the Defensive

The news is grim, and getting grimmer, for consumers, banks, and traders everywhere. The most fortified cyber fortresses are being overrun by wily hackers worldwide, ranging from lone wolves to state-sponsored data thieves motivated by misplaced playfulness, greed, or some fanatic faith in a moral imperative. Most victims are not …

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Acquiring: The Feds’ Underwriting Crackdown

Government authorities are demanding better merchant underwriting and transaction monitoring by payment processors in order to prevent consumer fraud. A laudable goal, but at what cost? by Jim Daly Almost two years ago, a Federal Trade Commission official made it known to a meeting of merchant-acquiring executives that their industry …

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Opinion & Analysis: We Want EMV 2.0

n A payments executive for Sinclair Oil outlines her frustrations with data security—and argues for a major upgrade to EMV. by Trinette Huber We’ve all been hearing a lot about EMV, or chip card technology, lately as some banks and merchants actually issue chip cards and install the terminals that …

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