The EFT networks are broadening their product lineups, but are EMV and the global networks getting in their way? Eyeing high-growth payment markets such as e-commerce, the surviving electronic funds transfer networks are in a rush to expand their product menus beyond bread-and-butter PIN-debit transaction switching. At the same time, …

The EFT networks are broadening their product lineups, but are EMV and the global networks getting in their way? Eyeing high-growth payment markets such as e-commerce, the surviving electronic funds transfer networks are in a rush to expand their product menus beyond bread-and-butter PIN-debit transaction switching. At the same time, …

The first version of the online-authentication protocol has acquired a nasty rep. With a new version on the way, will it go from four-letter word to four-star performer? It just might be the best-kept secret in payments. An authentication protocol called 3-D Secure, which issuers, acquirers, and merchants have used …

The first version of the online-authentication protocol has acquired a nasty rep. With a new version on the way, will it go from four-letter word to four-star performer? It just might be the best-kept secret in payments. An authentication protocol called 3-D Secure, which issuers, acquirers, and merchants have used …

Speaking of merchant-network skirmishes, fighting between Wal-Mart Stores Inc. and Visa Inc. broke out anew last month when, citing high acceptance costs, Wal-Mart’s Canadian unit announced that it will no longer accept Visa payment cards in its stores through a gradual phase-out set to begin July 18. Wal-Mart’s carefully phrased …

It was great while it lasted, but it looks like the chip card party is over for VeriFone Systems Inc., the leading U.S.-based point-of-sale terminal maker, at least for now. The U.S. conversion to EMV chip cards had produced a North American revenue windfall for VeriFone over the past couple …

Speaking of merchant-network skirmishes, fighting between Wal-Mart Stores Inc. and Visa Inc. broke out anew last month when, citing high acceptance costs, Wal-Mart’s Canadian unit announced that it will no longer accept Visa payment cards in its stores through a gradual phase-out set to begin July 18. Wal-Mart’s carefully phrased …

It was great while it lasted, but it looks like the chip card party is over for VeriFone Systems Inc., the leading U.S.-based point-of-sale terminal maker, at least for now. The U.S. conversion to EMV chip cards had produced a North American revenue windfall for VeriFone over the past couple …

The sweeping 4-year-old settlement between card networks and banks on the one hand and merchants on the other, which the U.S. Court of Appeals for the Second Circuit overturned Thursday, covered a lot of ground. But the case the agreement grew out of had as its central focus credit card …

A federal appeals court on Thursday threw out a massive agreement initially reached four years ago over card-network interchange and acceptance rules, drawing a sudden veil of uncertainty over crucial legal matters much of the payments industry had thought were all but settled. In a 41-page opinion studded with sometimes …