The Russian government announced that in order for Visa and MasterCard to continue operating in the country without paying a huge security deposit, the card companies just need to do one thing: find a Russian payment system deemed “of national importance” to process their transactions....
MasterCard’s latest Card Personalization Validation module in the Collis EMV Personalization Validation Tool qualified by MasterCard, including the U.S. Common Debit AID, according to a UL release. The tool will be used to support EMV card issuers in the U.S., and specifically “checks if MasterCard...
Discover’s success with its flagship Discover It card helped the issuer and card network to drive strong growth in second-quarter card sales. But pressure is mounting on the debit side of the business. During a July 23 conference call with analysts, Discover Chairman and CEO...
Let’s face it. 3-D Secure hasn’t exactly won the eCommerce popularity contest over the last several years. Customers got confused when they saw pop-up windows, struggled with remembering passwords and then just said “never mind” at checkout. But 3-D Secure has come a long way....
Fifty-seven percent of MasterCard cardholders in the U.S. said they want EMV chip cards pretty much right away. The question of “What is EMV?” is being replaced by “When will I get my card?” In a recent podcast interview, MPD CEO Karen Webster asked MasterCard’s...
The SHAZAM Network announced yesterday that has teamed up with MasterCard to offer an EMV debit solution to its participants, according to a SHAZAM release. The Network expects the chip card adoption to decrease fraud and increase transaction security, and the agreement provides all Network...
TSYS announced yesterday that its revenues for the second quarter this year increased by 30.4 percent, while its adjusted earnings per share (EPS) from continuing operations were $0.45, an increase of 19.8 percent. According to a company press release, total revenues year-to-date were $1.2 billion, an increase...
So, whaddaya know? Big retailers and micro-merchants have the very same goals: serve their customers where their customers want to buy. And mPOS is the tool they are both using to deliver that proposition. For instance, big retailers no longer think of “line busting” as...
A federal judge last week denied requests from Visa and MasterCard to have lawsuits filed by merchants that opted out of an earlier Interchange-fee settlement agreement dismissed. And, we’re just getting started. So, what else did Judge Gleeson decide?
