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Dwolla Uses Email Address Routing to Speed Processing
Dwolla is expanding its direct bank transfer services to allow its account holders to send payments to a recipient's e-mail address for automatic routing to a bank account.
Jordan Lampe, director of communications and policy affairs for Dwolla
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Card issuing and acquiring software provider OpenWay is partnering with People's Bank of Kazakhstan to deliver the first chip-based UnionPay cards in Central Asia. more »
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In a breach incident that illustrates how long a company can do business without knowing fraudsters are potentially stealing its card data, Charge Anywhere LLC informed its merchants it has found and shut down malware that initially entered its network five years ago. more »
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Worldpay, a payments processing and technology company based in London, plans to move its U.S. headquarters to Atlanta. more »
An illustration of a payment card that can switch between a credit and debit account.
MasterCard is investing in and partnering with card technology company Dynamics to embed greater function into U.S. payment cards, a mission that has sputtered in past years. more »
Image: Bloomberg News
MasterCard CEO Ajay Banga
U.S. consumer spending this holiday season appears to be on track to surpass last year's even after initial reports of a Black Friday retail-sales slump, according to MasterCard Inc. Chief Executive Officer Ajay Banga. more »
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Discover's lawsuit this week against Visa stems from years of practices that have their root in the Durbin amendment's debit-routing mandates, and Visa will likely have several ways to counter its rival's allegations. more »
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Seeing an opportunity to advance international and online debit transactions and take advantage of a growing mobile payment market, MasterCard is working to establish a debit card presence next year in Canada. more »
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Modern technology has turned the payments industry into a juggling act, particularly for those charged with deploying new techniques to protect payment card data. more »
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Elan Financial Services will use MasterCard's common debit application identifier technology when processing transactions through its MoneyPass ATM network. more »
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The card networks are under pressure in a number of countries, providing ammunition for retailers wanting similar cost adjustments in the U.S. more »
TSYS CEO M. Troy Woods
Total System Services is close to beginning tests of new products and merchant services, and is already seeing a benefit from last week's launch of Apple Pay. But in prepaid, a significant business for the processor, TSYS is still awaiting new rules from the government. more »
Image: Bloomberg News
A number of large retailers are pushing back against Apple Pay, making clear the power merchants wield in the developing mobile payments market. more »
Image: Bloomberg News
Bank of America was quick to address an early issue with double-charging Apple Pay users, but the damage to consumers' perception of mobile payment technology may prove to be longer-lasting if more glitches occur. more »
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