Despite the impending loss of consumer payment cards from mega-bank JPMorgan Chase & Co., MasterCard Inc. is winning new business from U.S. card issuers, its top executives said Thursday at the No. 2 payment card network’s first-quarter earnings call. U.S. credit card purchase volume grew 8.1% year-over-year to $138 billion …

EMV Will Crush Card Fraud, Survey Says It’s bad news, and maybe good news, for businesses accepting credit and debit cards. Some 43% of businesses report they were exposed to card fraud in 2013, a whopping rise of 14 percentage points from 2012, according to the latest annual fraud survey …

Leading payment card processor First Data Corp. on Wednesday reported it lost less money in the first quarter than it did a year earlier despite price compression in its merchant-acquiring business and slow debit card transaction growth. Atlanta-based First Data typically posts an operating profit but a net loss after …

Target Corp. is making good on its plans to accelerate chip-and-PIN payment card technology in its stores and among its customers with Monday’s announcement that it will move its entire Redcard credit and debit card portfolio to cards that use MasterCard Inc.’s chip-and-PIN technology. Most of Target’s cards, however, will …

In an effort to become easier for merchant acquirers, merchants, and card issuers to deal with, Visa Inc. late this year will eliminate almost 50% of its operating rules, which currently total more than 1,500 pages, chief executive Charles W. Scharf said Thursday. Scharf made that revelation at Visa’s second-quarter …

A revised set of network fees from Visa Inc. could hit merchant aggregators hard when the revisions take effect next April, according to payments-industry sources. Depending on the size and number of aggregators’ sponsored merchants, the revisions could significantly boost actual fee payments as well as drive up programming and …

The Shazam Network on Wednesday reported that it had licensed Visa Inc.’s so-called common application identifier (AID), the third such announcement of a new Visa user in just over a week by a electronic funds transfer network. The additions of Shazam and credit-union networks Co-Op Financial Services and CU24 mean …

Visa Inc. has tweaked its controversial fixed acquirer network fee (FANF), with the changes scheduled to take effect 12 months from now, according to sources who have seen the changes. A bulletin Visa released last week and circulated to acquirers indicates the modifications to the 2-year-old FANF are aimed chiefly …

After a string of news from Visa Inc. about partnerships with electronic funds transfer networks to facilitate debit transactions with chip cards, MasterCard Inc. got back in the game Thursday with the announcement that First Data Corp.’s Star network will use MasterCard’s so-called common application identifier (AID). n Visa has …

  Debit network NYCE says it will use Visa Inc.’s common application identifier technology on chip debit cards, marking yet another regional debit network’s acceptance of a critical component to enabling Europay-MasterCard-Visa chip card acceptance in the United States. This is NYCE’s first formal EMV license, says Fidelity National Information …