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NCR uncovers new security flaw in EMV chip cards
The transaction technology firm warns that cybercriminals could exploit the flaw to commit counterfeit fraud.
By Dan O'Shea • Aug. 4, 2016 -
Square beats Q2 expectations, payment volume surges 42%
The payments and financial services company said that it may soon offer other products, like employee management solutions.
By Daphne Howland • Aug. 4, 2016 -
Trendline
Gen Z and millennials
If there's anything retailers want more than financial stability right now, it's to understand Gen Z.
By Retail Dive staff -
MasterCard: 80% of our US credit cards now have EMV chips
Only about 30% of merchants have adopted EMV-enabled card readers, but merchants argue the lag is caused by card issuers dragging their feet to help retailers adopt the technology.
By Corinne Ruff • Aug. 3, 2016 -
Report: IBM mulling acquisition of POS player Revel
Big Blue sold its own point-of-sale division in 2012 for more than $800 million.
By Dan O'Shea • Aug. 1, 2016 -
PayPal investors disappointed by Visa deal
Some investors lament that the deal is a sign that PayPal is less of a disruptive—and lucrative—company.
By Daphne Howland • Aug. 1, 2016 -
Wal-Mart now accepting WeChat Pay in China
The retailer is furthering its relationship with the popular instant messaging service in the country.
By Dan O'Shea • July 28, 2016 -
MasterCard inching closer to entering China market
The Chinese government last month announced new rules enabling foreign payment providers to enter the market.
By Dan O'Shea • July 24, 2016 -
PayPal, Visa declare truce, sign digital payments partnership
PayPal will make it easier for new and existing customers to choose to pay with a Visa card.
By Daphne Howland • July 22, 2016 -
Acapture now processing payments for Boatsters, Crowdyhouse
The Acapture platform handles 60 alternative payment methods and supports more than 160 transaction currencies.
By Dan O'Shea • July 21, 2016 -
Visa: 28% of US merchants now accept EMV cards
There are now 326.8 million EMV chip-based cards in the U.S., and 1.3 million merchant locations able to process them.
By Dan O'Shea • July 21, 2016 -
Report: Square expands into UK market
The payment company may be trialing its Square Register app with U.K. merchants.
By Dan O'Shea • July 20, 2016 -
Apple Pay arrives in France, as European expansion continues
Carrefour, Fnac and Total are among the French retailers supporting contactless payments from Apple devices.
By Dan O'Shea • July 19, 2016 -
Wal-Mart stops accepting Visa in some Canadian stores
The retailer instituted the ban after failing to reach an agreement on an “acceptable fee for Visa transactions.”
By Daphne Howland • July 18, 2016 -
MasterCard extends Masterpass digital wallet to in-store payments
The credit card provider also announced it is updating its brand identity for the first time in 20 years.
By Daphne Howland • July 15, 2016 -
NRF survey: Many retailers EMV-ready, but waiting on card companies
Among retailers that have yet to support EMV chip-enabled card payments, 57% said they already installed the necessary equipment, but were still waiting for certification by the card networks.
By Dan O'Shea • July 7, 2016 -
Etsy vendors frustrated after payment glitch reaches day five
Etsy experienced similar issues in February, which caused problems for many sellers catering to Valentine’s Day shoppers.
By Daphne Howland • July 6, 2016 -
Deep Dive
Vantiv on what EMV means for e-commerce fraud—and why Apple Pay is a security game changer
EMV chip-enabled credit and debit cards threaten to push counterfeit fraud from brick-and-mortar retail to the web. Merchants must take decisive steps to protect their customers and their brand, says Vantiv's Ned Canning.
By Jason Ankeny • July 5, 2016 -
UPDATE: Wal-Mart Pay now available nationwide
More than 20 million shoppers use the QR code-based Walmart Pay application each month.
By Dan O'Shea • July 4, 2016 -
Court rejects Visa, MasterCard swipe-fee settlement with retailers
The NRF applauded the move, saying the deal "failed to represent the interests of retailers."
By Dan O'Shea • June 30, 2016 -
Deep Dive
Why Apple Pay's move online means more drama in the payments space
Apple Pay's push into online transactions means facing a crowded payments segment at a key point in its evolution.
By Dan O'Shea • June 30, 2016 -
Visa accuses Wal-Mart of reconfiguring payment terminals
In a counterclaim to Wal-Mart's lawsuit over debit card security, Visa alleges that the retailer surreptitiously altered point-of-sale terminals to accept only PIN-based transactions.
By Dan O'Shea • June 29, 2016 -
Kroger sues Visa over debit card policies
Kroger alleges that Visa's debit card fees and policies are threatening the retailer's livelihood and making it difficult to accept Visa cards at its stores.
By Dan O'Shea • June 27, 2016 -
Wal-Mart expands mobile wallet app to 15 additional states
The QR code-based Walmart Pay application is now accepted in 420 new stores nationwide.
By Daphne Howland • June 24, 2016 -
American Express eases fraud liability for non-EMV merchants
American Express joins Visa in blocking counterfeit fraud charges under $25 for merchants that have not yet made the transition to EMV payment terminals.
By Dan O'Shea • June 23, 2016 -
Costco members irate over credit card switch 'debacle'
The wholesale club’s stellar customer service record is suffering after Citi Visa failed to deliver or activate many of its new store-branded cards on schedule.
By Daphne Howland • June 23, 2016