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'It's a Mess Out There': Why EMV Debit Is Likely to Stall
The Debit Network Alliance last week officially launched its shared application identifier (AID) for EMV debit routing, but merchants likely won't be in any rush to implement the technology despite the fast-approaching Oct. 1 liability shift.  more »
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The new version of Coin can indicate whether a card can be used for contactless payments by displaying "NFC" under the card's name.
Electronic multi-card device maker Coin has added technology to enable contactless payments at some retail locations. more »
Frank Bisignano, CEO of First Data.
First Data Corp. selected Citigroup Inc., Morgan Stanley and Bank of America Corp. to manage its initial public offering planned for this year. more »
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Following its massive 2013 data breach, Target vowed to accelerate its EMV-chip card migration, but the retailer still just barely made the card networks' deadline. more »
MetaBank President Brad Hanson
General purpose reloadable prepaid cards continue to evolve, exceeding the expectations of many, and in some ways are helping to shape the future of banking. more »
The MaRS Discovery District in Toronto
More financial services companies are landing on MaRS, a corner of Toronto where developers are building new uses for smartphones, wearables and alternative currencies all under the same roof. more »
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As part of the transition to EMV-chip cards in the U.S., some issuers are adding PIN security to cards that used to require only a signature. But as technology advances, the PIN may not provide as much security as consumers believe. more »
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Avidia Bank of Hudson, Mass. has contracted payments technology company FIS to offer card-free ATM transactions through a mobile app. more »
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American Express is introducing one of the payments industry's first prepaid debit cards with cashback rewards in an age where the best rewards are typically reserved for the more lucrative credit card market. more »
Patricia A. Watson will be CIO of TSYS next month.
Total System Services (TSYS), the Columbus, Ga.-based payment processor, has hired Patricia A. Watson to be senior executive vice president and chief information officer, effective Sept. 14. more »
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The rise of mobile payments has had only a narrow impact on the use of cash, according to a new report from the ATM Industry Association and business strategy consulting firm Tremont Capital Group. more »
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The Debit Network Alliance has hired the Dutch firm Gemalto to provide consulting on implementing EMV anti-fraud technology. more »
Image: Bloomberg News
Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA, Spain's top two banks, said last month they'd start charging non-customers about 2 euros ($2.19) a time to use their ATMs, joining CaixaBank SA, the third-biggest bank, which began levying the fee in March. more »