Payments News from Glenbrook Partners
Glenbrook   Book   Education   Jobs   Views   Archives   Store   Advertise   About         SUBSCRIBE:

EMV

Welcome to the News View for "EMV".

Here, on these archive pages, you'll find all of the articles on Payments News for EMV listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

Subscribe to Payments News!

August 28, 2014

Headline News from PaymentsNews.com - August 28, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

August 25, 2014

Headline News from PaymentsNews.com - August 25, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

August 18, 2014

Headline News from PaymentsNews.com - August 18, 2014

On the Web:

  • Hostility in Payments - LinkedIn (Scott Loftesness) - "The recent entry of Amazon.com into the small merchant mobile POS card acceptance market may signal the last phase of increasing hostility in the US merchant acquiring segment of the card payments business."
  • Host Card Emulation 101 (White Paper) - Smart Card Alliance - "This white paper was developed by the Smart Card Alliance Mobile and NFC Council to provide an educational resource on host card emulation (HCE), describing what it is, how it’s used, how it compares with the secure element (SE)-based card emulation approach, what key considerations are for payment applications, and what security aspects should be considered for HCE-enabled applications."
  • Banks, Retailers Speed Up Drive to Add Chips to Credit, Debit Cards - Wall St. Journal - "Although the cards still have a magnetic strip on the back to be used at merchants that haven't upgraded their technology, the computer chips don't work with a swipe at the register. Instead, shoppers slide the card into the bottom of the terminal and leave it there while the purchase is processed."
  • Three Trends That Will Make A Difference In Mobile Payments - TechCrunch (Alberto Jimenez) - "Those with a history in the mobile payments industry know that it has been a slow (and mostly disappointing) journey."
  • Coinbase Acquires Blockr.io, Welcomes New Staff - Coinbase Blog - "Today, we’re excited to announce that Coinbase has acquired Blockr.io. As part of the acquisition, we’re able to welcome two of its exceptionally talented employees to the Coinbase team: software engineer Sašo Matojina and designer Samo Drole."
  • CFPB Warning Ignores Bitcoin’s Consumer Protections - CoinDesk (Jon Matonis) - "While we should definitely heed the risks within a digital currency environment, just as we heed the risks inherent with physical money, we should be equally aware of the additional financial protections provided by bitcoin that are so critical for maintaining a free society."
  • How Bitcoin might transform international payments — a lifeline for millions - VentureBeat - "Remittance payments are a lifeline. ... Many of the financial institutions that move money back and forth charge exorbitant fees to keep that lifeline open—sometimes ten percent or more."

On the Wires:

  • Simon And Blackhawk Network Expand Relationship With Enhanced Visa Simon Giftcard - "Blackhawk's product gives us access to more consumer demanded features and the new deal will allow consumers to have the added convenience of buying our newly branded Simon Giftcard at participating Blackhawk distribution locations nationwide."
  • Navicure Launches New Patient Payment Platform - “To continue to thrive, healthcare organizations must collect patient payments at or near the time of service and no longer rely solely on patient statements, which can come months after care and long after the patient remembers what procedures were performed."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

August 14, 2014

Headline News from PaymentsNews.com - August 14, 2014

On the Web:

On the Wires:

  • BitPay Expands San Francisco Office - "As part of the recent growth, the company has named Sonny Singh as its Chief Commercial Officer to oversee all sales operations. With over 15 years of experience in helping to grow tech companies, Sonny will be responsible for increasing BitPay’s customer base of over 40,000 merchants."
  • DISH Accepts Its First Bitcoin Payment - "Austin and Beccy Craig, the stars of a new documentary film “Life on Bitcoin,” were the first DISH customers to pay with the digital currency. The Craigs spent the first 101 days of their marriage paying exclusively with bitcoin. The documentary will soon be released chronicling their adventure and educating viewers about bitcoin."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

August 13, 2014

Headline News from PaymentsNews.com - August 13, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

August 04, 2014

Headline News from PaymentsNews.com - August 4, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

July 28, 2014

Headline News from PaymentsNews.com - July 28, 2014

On the Web:

On the Wires:

  • Coming Soon!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

July 22, 2014

Headline News from PaymentsNews.com - July 22, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

July 17, 2014

Headline News from PaymentsNews.com - July 17, 2014

On the Web:

  • We are excited to announce that Twitter is acquiring CardSpring! - CardSpring Blog - "When we started talking with the Twitter commerce team, we quickly realized our philosophies were perfectly aligned, and by joining them, we’d be able to significantly accelerate our vision."
  • Welcoming CardSpring to the Twitter team - Twitter Advertising Blog - "We’re excited to announce we’ve agreed to acquire CardSpring, a payments infrastructure company that helps merchants work with leading publishers to create online-to-offline promotions."
  • Coming Soon to Social Media: Click to Buy Now - New York Times Bits Blog - "A Twitter spokesman declined to comment on the imminence of a buy button, but in its blog post about CardSpring, the company teased, “We’ll have more information on our commerce direction in the future.”
  • What the BRICS Tell Us About Payments - PaymentsViews.com (Elizabeth McQuerry) - "Are such state sponsored payments improvements the way to go? Am I prophesying that the end is near for private sector innovation in payments? Certainly not, or at least I hope not."
  • Snapchat may be planning a mobile payment service - iMore.com - "The documents reveal that the ephemeral message service is looking to process peer-to-peer payments, money transfers and online payments."
  • Investors Cash Out Of Payment Technology Startups - TechCrunch - "Even as a clutch of new payment technology companies including Zooz Mobile and Plastiq announce new financing rounds today, it seems like investors are no longer paying out for payment companies."
  • Issuers – Why You Need to Plan for EMV Now - FIS Emerging Payment Strategies Blog - "While EMV is not a silver bullet, it is an improvement over magstripe. It may not have prevented some of the recent major breaches, but it would have reduced overall damage since there would have been fewer cards vulnerable to counterfeiting."
  • New York’s New Bitcoin Rules Are Going to Kill Its Startups - Wired - "Is New York about to drive these startups out of town by clubbing them with onerous regulations before they can walk? Quite possibly."

On the Wires:

  • NY DFS Releases Proposed Bitlicense Regulatory Framework for Virtual Currency Firms - "Benjamin M. Lawsky, Superintendent of Financial Services, today announced that the New York State Department of Financial Services (DFS) has issued for public comment a proposed “BitLicense” regulatory framework for New York virtual currency businesses. The proposed regulatory framework – which is the product of a nearly year-long DFS inquiry, including public hearings that the Department held in January 2014 – contains consumer protection, anti-money laundering compliance, and cyber security rules tailored for virtual currency firms."
  • CU Wallet Reports Record Growth, 65 Credit Unions Join Mobile Wallet Movement - "Collaboration among credit unions continues to be one of our industry's greatest strengths,” said Keith Sultemeier, president and CEO of Kinecta Federal Credit Union. “The CU Wallet platform makes collaboration easy and efficient, but still allows credit unions to tailor the member experience."
  • CashStar Launches Digital Gift Card Solution for Google Wallet - “With the rapid growth of omni-channel retail, digital gifting and smartphone adoption, CashStar’s vision is not ‘mobile first’ but rather ‘mobile everything,’” said Ben Kaplan, president and CEO of CashStar.
  • MasterPass Now Live in 10 Countries with Launches in Poland and South Africa - “We’re extremely excited about new capabilities and delivering on the MasterPass vision of a fully integrated digital payments ecosystem that enables convenient, simple, fast and secure payments anytime, anywhere,” said Vib Prasad, Group Head, MasterPass at MasterCard.
  • WEX Inc. Announces Signing of Definitive Purchase and Sale Agreement Related to the Acquisition of ExxonMobil’s Esso Card Program - “The purchase of the Esso Card portfolio remains an important element to building our on-the-ground presence in the European market, and enhances WEX’s long-term growth profile. Our efforts to advance this transaction remain on track and position us to create a substantial and profitable European footprint,” said Melissa Smith, WEX’s president and chief executive officer.

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

July 10, 2014

Headline News from PaymentsNews.com - July 10, 2014

On the Web:

  • Learnings from the Bitcoin Workshop - PaymentsViews.com (George Peabody) - "We are certainly intrigued by the capabilities of math-based currencies, but think it’s unrealistic to believe that they might quickly overtake incumbent payment systems that already work well for common use cases. We’re far more focused on identifying payments use cases that still exhibit significant points of friction that might be neatly lubricated by the application of MBC technology."
  • "State of Bitcoin Q2 2014 Report Reveals Expanding Bitcoin Economy - CoinDesk - "This State of Bitcoin Q2 report focuses on data and events in the second quarter of 2014 through to the present day."
  • U.S. Companies Step Up Business Conducted in Yuan - Wall St. Journal - "The yuan is making inroads with U.S. firms now because it is becoming more cost-efficient to pay in the currency. American importers can often negotiate better prices with Chinese suppliers if they agree to use yuan to make a purchase."
  • Safaricom opens M-Pesa to its rivals - Mobile World Live - "Other operators are being granted access for the first time to the all-powerful network of agents that underpin the dominance of mobile money service M-Pesa, according to Business Daily."
  • Button Wants To Bring Loyalty Rewards To The On-Demand Economy - TechCrunch - "With that funding, the team hopes to bring new cloud-based tools to mobile app makers that reward users for engaging in apps that they’re already using."
  • How Prepared is Restaurant Industry for end of Swipe & Sign? - Hospitality Technology - "EMV preparedness is on restaurants’ radar, with 70% of those surveyed agreeing that it is important to have a well-defined roadmap for EMV preparedness. When asked about their organization’s current approach to preparing, however, just 26% report having some form of road-map in place; likely due to the lack of a standard."
  • If you don’t have a bank account, how do you manage your money? - Boston Globe (Evan Horowitz) - "The most basic thing to keep in mind is that while these alternative financial services are regulated, they are not subject to the same regulations as banks are."
  • How ACH works: A developer perspective - Part 1 - Zenpayroll Engineering Blog - "I remember when we first started building ZenPayroll, we spent a many weeks struggling to understand how the ACH system works and learning how we can write software to tap into it."
  • How ACH works: A developer perspective - Part 2 - Zenpayroll Engineering Blog - "About 95% of the time, things go exactly as planned. This post will explain the other 5% cases (called ACH returns) and how they are handled."
  • How ACH works: A developer perspective - Part 3 - Zenpayroll Engineering Blog - "Parts 1, 2, and 3 of this series should give a pretty good overview of the ACH protocol at a high level, although for the sake of clarity, much has been simplified in these posts. There are tons more details and nuances that make ACH payments a very interesting problem."
  • Google Ventures launches $100 mln fund to invest in Europe - Reuters PE Hub - "We believe Europe’s startup scene has enormous potential. We’ve seen compelling new companies emerge from places like London, Paris, Berlin, the Nordic region and beyond—SoundCloud, Spotify, Supercell and many others."
  • IBM Wants to Invent the Chips of the Future, Not Make Them - New York Times Bits Blog (Steve Lohr) - "IBM’s research agenda is a recognition that the end of the silicon era of computing, using complementary metal-oxide semiconductor technology, or CMOS, is finally on the horizon."
  • Marc Andreesen and Jim Barksdale on How to Make Money - HBR Idealist - "The tech luminaries on bundling and unbundling in the digital age."

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

July 02, 2014

Headline News from PaymentsNews.com - July 2, 2014

On the Web:

On the Wires:

  • GlobalCollect and its lead shareholder Welsh, Carson, Anderson & Stowe enter exclusive negotiations with Ingenico Group regarding the acquisition of GlobalCollect - “The planned acquisition by Ingenico Group is a perfect fit with GlobalCollect. Combining our global cross-border payment processing with Ingenico Group’s multi-channel services will create great opportunities for our clients, by reducing payment complexity across all channels and providing more payment alternatives to drive new sale opportunities. This is an exciting time to be in the payment industry and an even more exciting opportunity for GlobalCollect to be part of such a world class organization as Ingenico.“, said Thomas P. Staudt, Chief Executive Officer of GlobalCollect.
  • NXP’s ‘Security Matters’ Survey Reveals Consumer Push for Secure Credit Card Technologies - "Overall sentiment reveals that while consumer confidence in credit card technologies remains high, Americans continue to demand better solutions that protect identity, personal information and financial data. With recent reports of compromises in security at Target, Neiman Marcus, PF Chang’s and other retailers, Americans are more likely to pay in cash following a security breach at large retailers, with the millennial age group (18 – 34 years of age) being the most likely to convert to cash (37 percent)."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

June 25, 2014

Headline News from PaymentsNews.com - June 25, 2014

On Twitter:

On the Web:

On the Wires:

  • Deluxe Corp. Launches New App for Electronic Checks - “The Deluxe Mobile Checkbook is a quick and easy way for small business owners to write, approve, sign, receive and deposit payments anywhere through their mobile device,” said Malcolm McRoberts, senior vice president of small business services at Deluxe. “Whether it is from the truck at a job site or at a lunch meeting with a vendor, Deluxe eChecks are a convenient, real-time solution that leverages today’s evolving technological trends.”
  • FreedomPay Adopts Credit Union Financial Exchange Standards - BCU Director of Enterprise Architecture Tim Tibbals said, “The CUFX standards were written to be flexible and were applied to the FreedomPay project to 1) allow for Single-Sign-On using the highest industry standards for credential management and authorization, 2) set up accounts on the FreedomPay platform, 3) allow the FreedomPay platform to pull accounts lists and member info in real time from BCU systems in a secure manner, including double encryption of transmitted data, and 4) communicate information back to BCU’s systems to keep information in sync between BCU and FreedomPay.”
  • OT Launches Site to Educate U.S. Financial Institutions and Consumers about EMV Chip Cards - “This is a crucial time in the U.S. payment industry, and OT is here to help ease the transition for financial institutions and consumers. OT’s new website leverages our understanding of EMV, global experience and expertise as a trusted partner with an excellent track record of successful migrations,” said Martin Ferenczi, president for North America at OT.
  • Fiserv Drives Results with Account Processing Conversions at Four Leading Credit Unions - "In the last few months, Fiserv has partnered with multiple credit unions to develop solution options that fit their unique needs covering In-House and ASP delivery modes with solution bundles that create the most value for credit unions and, in turn, their members."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

June 10, 2014

Headline News from PaymentsNews.com - June 10, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

June 09, 2014

Headline News from PaymentsNews.com - June 9, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

June 04, 2014

Headline News from PaymentsNews.com - June 4, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

May 20, 2014

Headline News from PaymentsNews.com - May 20, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

May 15, 2014

Headline News from PaymentsNews.com - May 15, 2014

On the Web:

  • Payments regulation: a summary of the latest views - Financial Services Club Blog (Chris Skinner) - "This new generation could be real-time payments, which were discussed in a strategy roundtable session. At present there are around 35 faster or real-time payments initiatives launched or under development globally."
  • EMV migration won't save retail - Fierce RetailIT - "Some contend that fraud will actually increase during the shift to EMV cards."

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

May 13, 2014

Headline News from PaymentsNews.com - May 13, 2014

On the Web:

  • Dark Wallet and Bitcoin Regulation - PaymentsViews.com (George Peabody) - "For those of us who believe that our tools give us the ability to create positive change, the next task will the development of stronger mechanisms to secure privacy and security on the Bitcoin ecosystem instead of increasing its vulnerability to regulation."
  • Square Finally Gives Up on Square Wallet and Bets on New Order-Ahead App - Re/Code.net (Jason Del Rey) - "As of today, Square has pulled the app from the Apple and Google app stores. At the same time, it is introducing Square Order, an app that lets shoppers place pick-up orders from, and pay at, coffee shops, cafes and other Square merchants..."
  • The Future of Retail Checkout: No Checkout at All? - The Atlantic - “People have said when checkout is working really well, it will feel like stealing. You grab a pair of shoes and you just walk out.”

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

May 07, 2014

Headline News from PaymentsNews.com - May 7, 2014

On the Web:

On the Wires:

  • INSIDE Secure Launches New EMV-ready MicroPass Solution for US Payment Cards - "The US EMV compliant MicroPass solution comes with six options. Three are contact only solutions and three are dual interface payment solutions (contact and contactless)."
  • Global Prepaid Executive Scott Salmon Joins i2c - Mr. Salmon comments, “i2c is redefining what's possible in prepaid, debit, credit and emerging commerce programs. The opportunities that i2c's processing technology creates for APCEMEA markets is tremendous, and I am very excited to work with the i2c team to help clients in these regions capitalize on them.”

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

May 01, 2014

Headline News from PaymentsNews.com - May 1, 2014

On the Web:

  • Merchants and Billers: Leverage = Options x Time! - PaymentsViews.com (Jay DeWitt) - "The solution to these situations simple: figure out when your acquirer contract expires, and get it on your planning calendar so you’re teed up to begin negotiations 6-12 months before contract term."
  • In Bitcoin Debate, Larry Summers Sides with the History of Change - Wall St. Journal Moneybeat - "To Mr. Summers, the potential contained in bitcoin’s breakthrough technology, with its fast, low-cost system for confirming transactions, is demonstrated by problems with the current multi-layered system for domestic and global fund transfers."
  • Payment Innovation Is Not Enough For Retail - TechCrunch (Dax Desilva) - "Commerce is all about bringing the right product to the right shopper at the right time, but the payment only addresses the close. To differentiate, merchants need to focus on innovating everything else that happens long before we reach the register..."
  • The death of cash? Debit card use surges - Telegraph (UK) - "Plastic and automated payments are now the most popular method of payment by both volume and size of transactions, according to current account data published by Halifax."
  • HCE vs. BLE: Which has the bigger in-store potential? - Mobile Commerce Daily - "While both NFC and BLE are likely to bring some important innovations to the in-store experience, they also have their limitations."
  • EMV is Not a Panacea for Transaction Security - Verifone Blog (Jeff Wakefield) - "Yes, EMV is more secure than mag-stripe technology, and when fully rolled out it will do a good job of reducing card fraud. But until mag-stripes are eliminated from cards; mag-stripe readers are no longer in use, and until merchants completely eliminate usable data from their environments, EMV will remain a “better option,” but it won’t prevent the theft of cardholder entirely."
  • ‘Dark Wallet’ Is About to Make Bitcoin Money Laundering Easier Than Ever - Wired - "On Thursday, a collective of politically radical coders that calls itself unSystem plans to release the first version of Dark Wallet: a bitcoin application designed to protect its users’ identities far more strongly..."

On the Wires:

  • Chase Launches Marriott Rewards Premier Visa Signature Business Credit Card for Small Business Owners On the Go - "Chase Card Services and Marriott Rewards® today announced the launch of the Marriott Rewards Premier Visa Signature® Business Credit Card designed for small business owners who travel frequently for business or pleasure. With the Marriott Rewards Premier Business Credit Card, small business owners have the ability to earn accelerated Marriott Reward points on all purchases, accumulate free night stays, and receive automatic Silver Elite Status once they become a cardholder."
  • MasterCard Incorporated Reports First-Quarter 2014 Financial Results - "The company reported net income of $870 million, up 14%, and earnings per diluted share of $0.73, up 18%, in each case versus the year-ago period."
  • Worldpay announces strategic acquisition of Cobre Bem Tecnologia - "Worldpay Group today announced that it has acquired Cobre Bem Tecnologia, a leading provider of payment solutions in Latin America, for an undisclosed amount. With this transaction, Worldpay’s eCommerce division will further strengthen its global reach, giving its customers access to a wide range of payment products in Brazil, Argentina, Colombia, Chile and Mexico."
  • Qualcomm Establishes Retail Solutions Subsidiary as Standalone Company -- Gimbal, Inc. - "The QRS team has made tremendous progress with the Gimbal technology platform and I am excited to continue leading this group as CEO of Gimbal, Inc.," said Rocco Fabiano, current president of QRS. "I am eager to continue working with this team under a new corporate structure that will permit the business to respond quickly to this rapidly evolving ecosystem."
  • Wells Fargo Commercial Cards Are Europe-Bound - "In a related announcement, Wells Fargo said all new USD WellsOne® Commercial Cards will be embedded with microprocessor chips defined by E.M.V. (Europay, MasterCard, and Visa) standards. In addition, Wells Fargo has begun migrating all of its existing cardholders over in advance of the October 2015 deadline in the United States."
  • Wells Fargo Launches Wells Fargo Works for Small BusinessSM - "Wells Fargo Works for Small Business provides wide-ranging support for business owners throughout the U.S. to help them build knowledge, access capital and expand their community of support. Wells Fargo Works for Small Business encompasses the company’s commitment to helping small businesses grow."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 29, 2014

Target Moves to MasterCard for Chip and PIN on REDcards

In a press releaseTarget logo 70px this morning announcing appointment of a new CIO (Bob DeRodes), Target also announced that its entire REDcard portfolio, including all Target-branded credit and debit cards, will be enabled with MasterCard’s chip-and-PIN solution. Existing co-branded cards will be reissued as MasterCard co-branded chip-and-PIN cards. Target said, through this initiative, ultimately all of Target’s REDcard products will be chip-and-PIN secured.

Target has long been an advocate for the widespread adoption of chip-and-PIN card technology,” said John Mulligan, executive vice president, chief financial officer for Target. “As we aggressively move forward to bring enhanced technology to Target, we believe it is critical that we provide our REDcard guests with the most secure payment product available. This new initiative satisfies that goal.”

“Target and MasterCard are taking an important step forward in providing consumers with a secure shopping experience, and the latest in payments technology,” said Chris McWilton, president, North American Markets for MasterCard. “Our focus, together with Target, is on safety and security.”

Earlier this year, Target announced an accelerated $100 million plan to move its REDcard portfolio to chip-and-PIN-enabled technology and to install supporting software and next-generation payment devices in stores. The new payment terminals will be in all 1,797 U.S. stores by this September, six months ahead of schedule. In addition, by early next year, Target will enable all REDcards with chip-and-PIN technology and begin accepting payments from all chip-enabled cards in its stores.

Headline News from PaymentsNews.com - April 29, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 15, 2014

Headline News from PaymentsNews.com - April 15, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 07, 2014

Headline News from PaymentsNews.com - April 7, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 04, 2014

Headline News from PaymentsNews.com - April 4, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 03, 2014

First Data Adds MasterCard Common Debit EMV Support for STAR Issuers

First data logo 140x60pxFirst Data and MasterCard have announced an agreement in which First Data’s STAR® Network will participate in MasterCard’s common U.S. Debit EMV solution. The companies say that this agreement, combined with other recent industry announcements, provides a cost-effective solution and accelerates the ability for EMV functionality to be implemented across the U.S.

By working together, MasterCard and First Data will deliver enhanced choices in how debit card issuers identify and apply multiple network relationships to ensure Regulation II compliance in a cost-effective way. Merchants and acquirers will continue to route transactions as they prefer, without host systems reprograming.

First Data again demonstrates its leadership position in the advancement of EMV in the U.S. with STAR being one of the first debit networks to assist issuers, acquirers, and merchants with equal access to a shared EMV chip card technology, without restrictions on cardholder verification methods,” said Barry McCarthy, president, First Data Financial Services.

“This agreement, and other EMV agreements we have recently announced, helps accelerate the migration to EMV adoption, and moves the entire industry a step closer to additional debit payment security,” McCarthy added.

In January 2013, MasterCard was the first network to offer its proprietary technology to other U.S. debit networks in an effort to support the migration to EMV and enable the routing of PIN debit transactions over multiple, unaffiliated networks. This decision allows acquirers to brand transactions originating from the U.S. common AID (application identifier) for any debit networks that elect to participate.

April 01, 2014

FIS Licenses Visa EMV Debit Technology

FIS logo 140pxFIS has announced a licensing agreement that will make the Visa® EMV debit solution available to all NYCE debit network participants. FIS says that the "agreement furthers the U.S. payments industry goal of EMV adoption and is NYCE’s first formal EMV license, which can be used by NYCE Network participants with respect to Visa card products."

Fundamental to the agreement is the support of key NYCE participant business flexibilities, including portability between debit networks for issuers, routing choice for merchants at the point of sale and issuers at NYCE ATMs. At the same time, it ensures that NYCE will have access to Visa EMV technology in perpetuity to support NYCE clients and NYCE will be able to support transactions using all authentication types.

EMV deployment is at a critical point in its business adoption in the U.S. and carries the promise of significantly reducing card-based fraud. Our challenge has been deploying EMV solutions in the U.S. without disrupting the business goals of any industry participant,” said Bob Woodbury, SVP and general manager, FIS Payments Networks. “This agreement will now enable us to offer this Visa-NYCE solution to all NYCE participants and will complement FIS’ substantial EMV card production and EFT processing capabilities.”

“NYCE’s participation in Visa’s common debit solution marks an important milestone in the industry’s efforts to adopt chip technology in the U.S.,” said Bill Sheedy, executive vice president of Corporate Strategy and Government Relations, Visa Inc. “With the uncertainty of how to enable debit routing on EMV chip effectively resolved, issuers, acquirers and merchants can move forward in their implementations with confidence.”

FIS was a founding member of the Debit Network Alliance (DNA), already supports EMV card production and processing, and is launching EMV-based payment mechanisms that support overseas travel and personalization of debit and credit cards.

March 21, 2014

Headline News from PaymentsNews.com - March 21, 2014

On the Web:

On the Wires:

  • Visa and PULSE Agree on EMV Common Debit Solution - "Visa Inc. and PULSE, a Discover Financial Services company, announced an agreement to enable financial institutions that issue EMV debit cards on both the Visa and PULSE networks to use Visa’s common debit solution."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 17, 2014

Visa, Fiserv Partner for Debit EMV on Accel Network

Fiserv logo 60pxhFiserv has announced an agreement to make Visa’s common debit EMV solution available for the Accel™ debit network. Under the agreement, Fiserv will adopt Visa’s common debit solution offering issuers, acquirers and merchants a simple, streamlined approach for debit EMV adoption. The agreement will help enable the development of regulation-compliant debit EMV solutions using a common Application Identifier (AID).

With more than 7 million Visa EMV chip cards already issued in the U.S., it is important to continue the momentum towards more widespread adoption,” said Bill Sheedy, executive vice president of Corporate Strategy and Government Relations, Visa Inc.

“With Fiserv participating in the common solution we have made available to the industry, we can offer more choices to issuers and merchants and a clear roadmap for streamlined, cost-effective chip adoption.”

By licensing the Visa AID, the Accel network will be able to process PIN and PINless EMV transactions ensuring enhanced transaction processing security. The AID will facilitate U.S. debit transactions from any debit network that licenses the Visa common AID solution and is enabled on a Visa card.

March 12, 2014

MasterCard, Fiserv Partner on Debit EMV for Accel Network

MasterCard LogoFiserv and MasterCard have announced an agreement to make MasterCard’s U.S. common debit EMV solution available for the Accel debit network.

Under the agreement, MasterCard issuers will be able to "select and implement network relationships, while merchants and acquirers will continue to route transactions as they prefer, without introducing multiple applications and complicated technology upgrades."

This represents our continued commitment to help issuers, merchants and others continue the migration to the EMV standard here in the U.S.,” said Chris McWilton, president, North American Markets, MasterCard.

“In this agreement, Fiserv and the Accel network are able to provide their customers a solution that can be activated today, delivering enhanced security while streamlining implementation and accelerating delivery of chip cards to our shared cardholders.”

“As a leader in card processing, we are committed to providing our clients with a simple, streamlined path to implement EMV,” said Kevin Gregoire, group president, Financial Institutions Group, Fiserv.

“We are pleased to partner with MasterCard as part of a comprehensive, Regulation II compliant solution that includes Accel Network processing, card production and personalization, and industry-leading fraud and risk mitigation.”

MasterCard says its U.S. common debit EMV solution is "consistent with the EMV Migration Forum’s recommendations, including a single common debit application identifier (AID) and single application on each card, as well as multiple ways to verify the cardholder’s identity."

Payments News on Facebook
Glenbrook Partners

PAYMENTS NEWS IS PRODUCED BY AND IS A SERVICE MARK OF GLENBROOK PARTNERS, LLC
ISSN 1556-4487

Glenbrook's Consulting Services

  • Innovation and Strategy
  • Payments Product Development
  • Payments Market Assessments
  • Payments Vendor Selection
  • Merchant Payments Optimization
  • Payments Risk Management
  •  
  • To discuss how Glenbrook can
    help you
    , email us:

Glenbrook's Payments Education

  • Payments Boot Camps
  • Payments Essentials Webinars
  • Private Payments Workshops
  •  
  •  
  •  
  •  
  • For more information on Glenbrook's payments education, email us:

Tools for Payments Professionals

  • Glenbrook Writings
  • Payments News
  • Payments Views
  • Payments Jobs
  • Payments Education
  • Payments Bookstore
  •  
  • To send us news that you'd like us to cover on Payments News, email us:

Contacts:                        
Compilation Copyright © 2002 - 2014 Glenbrook Partners LLC. All Rights Reserved.
Terms of Use        Privacy Policy        RSS Feed        Payments News RSS Feed

Subscribe to Payments News   

Follow Payments News on Twitter for Real-Time Updates