BankNews Feb. 2015

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Search Results: Payments

More Than 2.3 Billion Chip-Based Payments Cards Now in Circulation Globally

February 23 – SmartMetric, Inc., figures released by standards body EMVCo demonstrate continued adoption of EMV chip technology with 2.37 billion EMV payment cards in circulation and 36.9 million EMV terminals active worldwide. Credit and debit cards with chips used to add greater security now dominate the payments card industry.

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Canadians Prioritize Security Over Convenience, Speed When Making Payments

February 19 – Ahead of Fraud Prevention Month, a new study commissioned by Visa Canada showed Canadian consumers still prioritize payment security above all else. Two thirds (66 per cent) of credit cardholders ranked security as the most important element of a credit card transaction, surpassing convenience (14 per cent) and speed (10 per cent). Additionally, nearly half (48 per cent) of credit cardholders report they worry about fraud when shopping online.

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Pivotal Payments and Tender Retail Partner to Develop North American Integrated Payment Solution

February 6 – Pivotal Payments, a leading provider of technology-driven global payment processing, has announced its partnership with Tender Retail (a division of ACCEO Solutions Inc.), one of North America’s top providers of payment integration software solutions, in the development of a new EMV integrated payment service that adds simplicity and security to the retail and quick service restaurant industries, allowing both companies to reach a broader market.

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With EMV Chip Migration on Track, U.S. Payments Industry Looks Ahead to Mobile, eCommerce and Tokenization

February 5 – The migration of the world’s largest and most complex payment ecosystem to EMV chip technology is well under way, industry leaders at the Smart Card Alliance 8th Annual Payments Summit agreed. Conference speakers highlighted industry collaboration on education as one of the next steps to completing a successful migration, and looked ahead to building on the EMV framework to solve the open challenges of mobile and e-commerce payment.

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ABA Supports NACHA Proposal for Faster Payments

February 4 – In a recent comment letter, the American Bankers Association expressed support for a proposal to implement same-day Automated Clearing House transactions by NACHA — The Electronic Payments Association. The proposed change would enable most ACH transactions to be processed on the same-day.

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PULSE Introduces New Brand Identity to Support Expanded Payments Solutions

January 29 – PULSE, one of the nation’s leading debit/ATM networks, has unveiled a new corporate logo and acceptance mark. The rebranding preserves many elements of PULSE’s original marks while also identifying the network more closely with its parent company, Discover Financial Services (NYSE:DFS). The new logo and acceptance mark are more contemporary and feature the familiar Discover orange.

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Cash Is Still King Over Electronic Payments, Survey Says

January 23 – With the introduction of electronic payment services like Square and Apple Pay, many are saying that new technology will eventually replace our need for cold-hard cash— but does the everyday person feel the same way? According to a new survey released by Simple. Thrifty. Living., cash is still king.

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Apple Pay Boosting Mobile Wallet Payments

January 13 – The launch of Apple Pay mobile payment system has precipitated a dramatic increase in consumer awareness of—and desire for—contactless “mobile wallet” payment, according to Payscout, a merchant banking service provider. Continue reading “Apple Pay Boosting Mobile Wallet Payments” »

Smart Card Alliance 2015 Payments Summit to Cover Latest Advancements in EMV Chip, Mobile and Transit Payments

January 12 – The 2015 Smart Card Alliance Payments Summit has a full agenda with senior leaders from every major payments market scheduled to speak on the progress of U.S. EMV chip migration, mobile payments and open transit payments initiatives. For 2015, the Alliance has added a full third day of convergence track sessions to highlight how technologies and innovations in payments interlace, as well as a training course and testing session for CSCIP/Payments certification.

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Fed Faster Payments Framework to be Featured at EastPay Conference

January 9 – With a focus on electronic payments, EastPay’s Information Interchange 2015 is a conference that provides attendees with the strategies to maximize business efficiencies, improve payment processes, reduce risk, and increase client satisfaction. To be held February 24 – 26 at the Caribe Royale in Orlando, this long-standing payments industry conference targets payments professionals from financial institutions as well as corporations and government entities. The theme of the 2015 conference is “Setting the Stage for ePayments Success.”

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