ePayments News

Specific trends addressed both in macro and generational cohort specific terms include responses to debit card fees and debit card loyalty programs cancelled by issuers in the wake of debit interchange caps. Consumers have rejected new debit fees and as they have been deluged with credit card offers, they have quickly switched their product preference from debit to rejuvenated credit cards.With household incomes declining even as healthcare costs and student loan debt are rising, the overall...Read Full Story

Most Americans are familiar with only one type of credit card — the magnetic stripe card — which has dominated credit card processing in this country since its inception. Within a few years, however, that will change as EMV, or “chip”, technology already in use worldwide comes to the U.S. First, it’s important to understand the difference between mag stripe and EMV credit cards. The mag stripe is located on the back of the payment card and contains three data tracks encoded with information...Read Full Story

Image via Wikipedia Visa to support continued industry adoption with enhanced Visa Chip Services SAN FRANCISCO ,  Feb. 6, 2012  /PRNewswire/ -- Visa Inc. (NYSE:  V ) today announced that U.S. financial institutions have reported issuing an estimated one million Visa-branded, EMV chip-enabled cards as of  December 31, 2011 , demonstrating the significant progress the industry is making toward implementing Visa's U.S. chip roadmap.(1),(2)  In  August 2011 , Visa announced  plans to...Read Full Story

SOURCE: The Smart Card Alliance February 06, 2012 13:15 ET PRINCETON JUNCTION, NJ--(Marketwire - Feb 6, 2012) - With Near Field Communication (NFC)-enabled handsets poised to  exceed 100 million in 2012 , the  Smart Card Alliance Transportation Council  today announced a new white paper examining how the transit industry can best make use of this popular new technology. "One of the major challenges facing transit agencies today is how to capitalize on the ever-growing...Read Full Story

February 06, 2012 08:00 AM Eastern Time  Equity Investment That Includes Dallas Venture Partners (DVP) and Datacard Group Solidifies a Continued Commitment to Innovation in Mobile Payments. MINNETONKA, Minn.--( BUSINESS WIRE )--Datacard Group, the world leader in secure ID and card personalization solutions,   today announced an equity investment and strategic partnership with DeviceFidelity, Inc. – a company that develops Near Field Communications (NFC) based plug-and-play...Read Full Story