Community banks are about to get a little help with their transition to EMV chip cards — at least if they use payment services from the Independent Community Bankers of America’s ICBA Bancard subsidiary. The organization said this week it has pledged $600,000 to support...
An Apple patent application made public this week may hold some clues as to how Apple Pay will work in the future, not just with the iPhone and iPad, but also with the Apple Watch and other wearables. The application, which Apple filed on Aug....
The Shopify point of sale app has come to the iPhone. The e-commerce software company announced this week that Shopify POS is now available for the Apple iPhone and iPad, and it is free for all Shopify merchants. Like the existing Shopify POS system before...
NFC chipmaker NXP Semiconductors said it expects mobile wallets to be in half of new smartphones by the start of 2016 — and China will be the leading market, Bloomberg News reported. “Half the smartphones will have mobile wallets by the end of 2015,” NXP...
By the end of 2018, U.S. card-not-present fraud losses are expected to reach $6.4 billion. While the U.S. migrates to EMV to help prevent card-present fraud, the fraudsters are migrating their focus to the online world. Organized crime rings are increasingly nabbing funds in jaw-dropping,...
For Apple Pay, it’s 98 and counting. Apple confirmed on Tuesday (March 3) that 17 more financial institutions have gone live with full Apple Pay support in the past two weeks, bringing the total just shy of the century mark, 9to5 Mac reported. To be...
Retailers are fed up with hearing from banks and credit unions that they don’t care about payment-card security and fraud, Bank Info Security reported. “It’s issuers, merchants and cardholders who bear the brunt of fraud losses in the U.S.,” said Liz Garner, VP of the...
Much like the consumers they serve, retailers have a habit of falling in love with newness when it comes to their customer base. Adding new names to the email list, attracting new foot traffic into physical stores, drawing new eyes to the website – companies...
Almost two years after PayPal launched a handheld payment card reader for merchants in the U.K., that’s finally coming to the U.S. — and this time, it will support contactless payments and Apple Pay, too. PayPal announced the new reader at Mobile World Congress in Barcelona...
