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Unpopular E-Pay Security Improves Usability, but Merchants Remain Wary
U.S. merchants are still reluctant to embrace 3D Secure technology to protect card-not-present transactions, even though it has vastly improved from the initial tedious version that irritated consumers more than a decade ago.  more »
Payments startup Coin Inc. has weathered challenges since its splashy crowd-funded launch in 2013, and now it’s got a new one: A lawsuit claiming the all-in-one payment card product didn’t live up to its initial promises. more »
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At the four-month mark after the U.S. EMV liability shift went into effect, it's still a waiting game; larger issuers and merchants tend to be on top of the chip-card situation and many smaller ones are not, but experts say it's too early to draw conclusions. more »
Bloomberg News
ExxonMobil has expanded the rewards program on its store-branded credit cards, to provide a larger discount on fuel sales. more »
Verifone, which is challenged to move beyond its reliance on selling traditional payments hardware, is producing an almost dizzying array of products in hopes of diversifying. more »
M. Troy Woods, president and CEO of TSYS
The pressure on merchant acquirers to enable transactions in more channels for more merchant types is accelerating, and TSYS is turning to the M&A market to accelerate its digital diversification, announcing an agreement with Vista Equity Partners to acquire Vista portfolio company TransFirst for $2.35 billion in cash. more »
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The newest audience flocking to omnichannel shopping is the one no one invited—fraudsters. more »
Bloomberg News
American Express Co., the biggest credit- card issuer by purchases, said fourth-quarter profit fell 38% as expenses rose and the company took a restructuring charge. more »
A still from an ad for Plenti, where a puppet shows off the brands that participate in the multi-merchant rewards program.
It may seem tough for a system that limits itself to one retailer per vertical to expand, but Plenti is making it happen. more »
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Global Payments Inc. has finalized an agreement to distribute Mobeewave’s contactless mobile card acceptance technology to its Canadian clients beginning this spring. more »
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Already facing technology-driven threats to their relevancy, independent sales organizations (ISOs) face another dilemma: should ISOs spread their wings with numerous acquirers and processors, or stick with one that provides the best deal for servicing merchant clients? more »
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Consumers’ growing dexterity with banks’ mobile apps has been a welcome shot in the arm for card-linked, merchant-funded marketing programs. more »
Bloomberg News
Sam's Club will accept Visa credit cards inside its stores next month, as the Walmart-owned retailer expands its payments network. more »
Digital insurgents like Square and PayPal are becoming more of a threat to ISOs as they provide more complex services, including some that encroach on the merchant cash advance market. Plus, now that the EMV deadline has come and gone, who's ready and who's playing catch up?