Square Unveils an EMV Chip-and-Signature Card Reader
Square plans to offer a version of its mobile card reader that can read EMV-chip cards, but the added security may come at a cost.
The EMV chip-and-signature version of Square's reader.
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Jeffery Yabuki, Fiserv's president and CEO
Fiserv Inc. is promoting the real-time version Popmoney person-to-person payment service as a companion to its online bill payment offering. more »
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The Secure Remote Payment Council wants a more open process in the development of a standard for tokenization, with the goal of ensuring a single token can be handled by multiple parties to improve security. more »
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The Federal Deposit Insurance Corp. has withdrawn a list of merchant categories, including payday lenders, debt consolidation firms, pornography businesses and others, that it said warranted heightened attention by banks processing their transactions. more »
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The payment processor Total System Services (TSYS) has upgraded the card management software that C. Hoare & Co. uses manage its Visa card portfolio. more »
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Total System Services (TSYS) is working with well-known brands like Western Union and Brinks to boost adoption of prepaid cards as the CEO of its NetSpend prepaid unit prepares to leave the company. more »
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Payments provider Shazam Inc. has agreed to make MasterCard's EMV debit application available to participants in the Shazam electronic funds transfer network. more »
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People's United in Bridgeport, Conn., has started a payments firm in partnership with Vantiv in a move that aided the company's quarterly results. more »
Frank Bisignano, CEO and chairman, First Data
First Data's sale of $3.5 billion of its common equity in the private placement market closed on Friday, July 11. more »
Dan Henry (left), NetSpend's outgoing CEO and his successor, Chuck Harris, NetSpend's president.
Dan Henry is leaving his job as chief executive of NetSpend effective July 31, and will be succeeded by Chuck Harris, who is president of the prepaid card company, a unit of the processor TSYS. Henry's exit will be the second departure of a top TSYS executive this month. more »
Image: Bloomberg News
American Express’ network rules have deterred Discover from using lower interchange rates to lure more merchants, a high-ranking Discover executive testified in federal court July 10. more »
Affirm and PayPal founder Max Levchin
Affirm, a consumer finance service in San Francisco, has introduced Split Pay, a program that allows online merchants to offer consumers competitive installment-based payments at the point of sale. more »
Image: Bloomberg News
PayPal may not be trying to become a merchant's bank in providing working capital and next-day settlement on fund transfers, but the payments unit of eBay Inc. is trying to make it harder for its merchants to consider another provider. more »
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In Ireland, credit unions are speeding up the launch of their electronic payment alternatives and working with Visa and MasterCard to offer debit cards to compete more aggressively with local banks. more »

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