Not surprisingly, retailers expressed dissatisfaction with last week’s appellate court ruling upholding a Federal Reserve rule setting debit card interchange at 21 cents.
MasterCard and Monitise plan to accelerate the development and deployment of mobile wallets and digital payment solutions by financial institutions worldwide through a partnership announced March 24.
In light of recent Ukrainian developments, Sberbank this week suggested its Pro 100 system could serve as a replacement for Visa and MasterCard. Sanctions against Russia have caused Visa and MasterCard to stop servicing two of Russia’s largest banks and revived talks of a national...
Nigeria’s Weights and Measures Department of the Federal Ministry of Industry, Trade and Investment reportedly sealed ATM and point-of-sale machines at four different banks because of non-compliance with basic standards.
Developments in technology often push the boundaries of security. Three-dimensional printing, for example, reportedly for years has enabled card thieves to make card skimmers that fit over the card slots on ATMs, gas pumps and in-store point-of-sale devices.
A Canadian hip-hop band, Aint No Love, reportedly has released the first album that accepts bitcoins.
New York lawmakers reportedly plan to include smart chips in all credit cards the state issues. The proposal, in a state Senate bill, would help improve their ability to ward off counterfeit fraud, something today’s magnetic-stripe cards fail to do.
eBay Inc.’s PayPal unit said it would extend a program that has provided “tens of millions of dollars” in working capital to businesses that used PayPal in the previous six months, Bloomberg BusinessWeek said in a report.
A new mobile-based ATM from Diebold Inc. enables consumers to complete self-service transactions and make retail purchases without using physical debit or credit cards, the company said in release.
