Apple Pay is violating the Dodd-Frank Act’s Durbin amendment, retailer groups say — at least the way Apple’s mobile payments system is currently implemented — and the groups are calling on Apple, Visa and MasterCard to meet the requirements of the law, American Banker reported...
The war of words over whether the U.S. federal government should beef up regulation of retailers’ data security got another salvo from a credit-union organization last week, in a letter telling congressional leaders that retailers should be regulated like financial institutions. “Congress must act to...
Ingenico and Intel have partnered to build mobile payment capabilities into a wide array of connected devices for the Internet of Things (IoT) — including intelligent vending machines, kiosks and digital signage, the companies announced at the Transact conference last week. Under the deal, Ingenico...
The PYMNTS staff – and most of our readers (we assume) – are well past the point in life where the most important question we face in April is whether or not someone will ask us to the prom – and/or agree to go to...
With the EMV liability-shift deadline steadily approaching — and almost half of merchants still not even started on their point-of-sale (POS) changeover — payments service provider Transaction Network Services (TNS) has cut a deal with POS device vendor ID TECH to simplify the process of...
Square, which got some its early start in San Francisco coffee shops, is trying to make life easier for similar food and beverage places where customers can keep a tab open, with a new feature called Open Tickets, the company announced in a blog post...
London-based Powa Technologies announced yesterday (March 30) that it is teaming up with Merchant e-Solutions — a card processing company headquartered in the U.S. — to help independent software vendors (ISVs) bring their apps to market. As PowaPOS is designed specifically for tablet-based payments, that...
Big data isn’t always better data. In fact, TSYS’s Sr. Director of Analytics, Todd Doherty, says that focus on big data has just led to “obese data” as technology and tools make more of it available to business users. The cure for obese data, Doherty...
Banks are increasingly worried about the likelihood that they’ll look like the bad guys if merchants haven’t upgraded their point-of-sale systems to support EMV chip cards, and then are hit by fraud and have to pay for the loss themselves, American Banker reported on Sunday...
