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Shazam, Co-Op and CU24 License Visa’s Identifier for EMV Debit Card Transactions

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 …

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In a Move Aimed at Aggregators And Small Sellers, Visa Tweaks FANF Fees Effective April 2015

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 …

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Star Strikes Deal with MasterCard in the Latest Common AID Pairing

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 …

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Following Star, Accel, and Pulse, NYCE Selects Visa’s EMV Debit Technology

  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 …

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Cover Story: The Googleization of the Traditional ISO

Once known for mainly hiring sales people, the most innovative ISOs nowadays are on a hiring binge for techies. What’s behind this shift? By Kevin Woodward and Jim Daly \”Disruptor” is one of the favorite nouns in American business nowadays, so much so that it’s almost a cliché. But the …

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Components: A Dongle Do-over

Kevin Woodward Mobile card readers face the switch to EMV. With as many as 5 million mobile point-of-sale readers in circulation in the United States, mobile POS companies will have their hands full preparing for the liability shift set for October 2015. That’s when the nation’s payment card networks step …

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Pulse Deal Gives Visa’s Common AID Nearly Universal Enablement for Chip Debit Transactions

Discover Financial Service’s Pulse subsidiary last week became the latest debit network to license Visa Inc.’s so-called common application identifier (AID) on soon-to-be-issued Europay-MasterCard-Visa (EMV) chip debit cards. This latest agreement means Visa’s common AID will be enabled on cards that account for nearly 90% of U.S. PIN-debit transactions. The …

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Fiserv’s Accel Debit Network Now Supports Visa’s Common AID in Addition to MasterCard’s

Hard on the heels of its announcement last week that it will support MasterCard Inc.’s so-called common application identifier (AID) on chip debit cards, processor Fiserv Inc. followed up on Monday by disclosing that its Accel network also will support Visa Inc.’s AID. The news means that Accel is the …

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Bowing to EMV’s Urgency, Accel Adopts MasterCard’s Common Debit Solution

Fiserv Inc. on Wednesday said its Accel debit network will license a critical EMV solution from MasterCard Inc. The move follows a decision by First Data Corp.’s Star network late last month to adopt similar technology from Visa Inc. and indicates the national-brand networks may be winning over the regional …

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Mobile POS Card Reader Makers Prep for the U.S. EMV Switch

  With as many as 5 million mobile point-of-sale readers in circulation in the United States, mobile POS companies will have their hands full following the liability shift set for October 2015 when the nation’s payment card networks step up the migration to the Europay-MasterCard-Visa smart card scheme. Designed to …

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