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Cost of U.S. Chip-and-PIN Would Far Outweigh the Benefit: Report
Retailers insist that the EMV migration in the U.S. is weak because there is no PIN requirement to verify chip-card transactions, a process that is standard practice in other nations.  more »
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"This agreement removes many concerns that issuers and others in the ecosystem have had about working with PayPal," said Dan Schulman, president and CEO of PayPal
To hear PayPal CEO Dan Schulman tell it, his company's agreement with Visa this week is a transformative and history-making deal. But in at least one way, PayPal must make sure that history does not repeat itself. more »
Bloomberg News
Visa Inc., the world’s largest payments network, posted fiscal third-quarter profit that beat analysts’ estimates as customer card spending accelerated. The company said it will buy back as much as $5 billion of its shares. more »
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Paris-based SlimPay, which built a following among European consumers using its service to make online purchases directly from their bank accounts, is broadening its reach to the U.S. more »
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Walmart Stores Inc. can no longer count Marlene Gosparini and her employer as regular customers in Thunder Bay after the world’s largest retailer stopped accepting Visa Inc. credit cards at its three stores in the Canadian city. more »
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FIS is working with ATM processing and services provider Payment Alliance International to expand its Cardless Cash program nationally. more »
Bloomberg News
Citibank is offering surcharge-free ATM access to the customers of 16 credit unions and minority-owned banks in six cities. more »
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London wants to export its popular open-loop contactless payment system for mass transit to other global cities, through a new licensing deal with Cubic Transportation Systems. more »
Bloomberg News
Starbucks Corp. is taking its highly success mobile payment app into China, a country in which consumers have quickly adopted mobile payment methods. more »
Bloomberg News
Uber Technologies Inc. and bitcoin startup Xapo have joined together to give consumers in Buenos Aires a new way to pay for rides after banks in Argentina’s capital began blocking debit-card charges for the ride-sharing company. more »
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It seems we cannot go a week without news of a malware attack of some kind, be it ransomware, stolen credit card information or other security breaches. The increasing trend is that not only are organizations and enterprises affected, but also regular consumers. more »
“There's much more we can do to expand new financial services,” said Ron Hynes, RushCard's new CEO.
Barely 24 hours into his new role as CEO at RushCard, Ron Hynes has found the silver lining to the company's 2015 technical glitch that led the company to pay a $20.5 million settlement. more »
ATM operator Cardtronics has expanded the roles of two executives as it transitions its commercial, operational and technology leadership to a more global level. more »