Even as real-time payments systems are proliferating around the globe, real time can mean many different things with vastly different implications to users of the system. The paper provides clarity on what a real-time payment is by exploring what real time means, outlining the challenges to implementing real time, and identifying major use cases and user impact.
Eight financial institutions reported that 30% of their U.S. consumer credit and debit cards contain EMV chips as of June 30. These issuers represent approximately 50%of U.S. payment card volume.
Verifone has been approved by JCB to support J/Speedy v1.3 “making Verifone’s merchant clients the first to be able to accept this latest version of the contactless EMV payment program used by JCB cardholders.
Allstar, UK’s leading fuel card provider, has picked Rrance-based Oberthur Technologies (OT), a world leader in digital security solutions for the mobility space, to support the migration of their fuel cards from magnetic stripe to EMV chip cards.
Heartland Payment Systems announced the availability of Heartland SecureSubmit, a data protection solution e-commerce merchants use to protect sensitive consumer cardholder data entered via a consumer’s browser.
FIDO (Fast IDentity Online) Alliance board member NTT DOCOMO, Japan’s market leading mobile network operator (MNO), intends to expand FIDO authentication for its country-wide network with new FIDO Certified™ devices, and by extending FIDO authentication through DOCOMO ID to carrier billing services partners.
FL-based System Innovators has extended its relationship with Elavon to offer clients a fully certified EMV solution that will help mitigate our clients’ risk of card present fraud losses.
At the Clinton Global Initiative (CGI) Annual Meeting closing plenary, Tata Communications and MasterCard announced a CGI Commitment to Action to financially empower 25,000 women in the developing world, part of a larger vision to ultimately reach 100 million women.
The CardLinx Association announced the availability of a new online system enabling merchants and their card-linked technology partners to share their card-linked offers with digital advertising publishers. Card-linking enables consumers to link their existing credit or debit cards to digital coupons, loyalty programs or mobile wallets.
According to a new survey, less than a third of business owners reported improved financial positions over the past year, down four points since March. Growth expectations also fell, with only 38% expecting improved financial position in the next six months, down from 47% in March.
PayForward has launched the Visa Link Card – the first card of its kind allowing users to earn instant cash from PayForward merchant partners while still receiving rewards from their current providers. This new feature aims to strengthen PayForward’s convenience and effectiveness by allowing members to use assets already in their wallets.
Citi Retail Services and Wawa will launch a private label consumer credit card program for Wawa customers tomorrow. Wawa owns and operates more than 700 convenience stores (over 450 offering gasoline) in five Mid-Atlantic states and Florida.