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Not only are EMV cards more resistant to compromise and counterfeit, but the chip technology also makes it possible to embed on a single card multiple payment applications—debit and credit, for instance— and nonpayment applications such as loyalty points and membership accounts.
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Deluxe provides a range of services for small businesses including social media and marketing, logo and website design, and customized checks.
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The new tool is an extension of Decision Manager, CyberSource's flagship online fraud management platform, which provides insights from more than 60 billion transactions annually processed by Visa and CyberSource online and offline.
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There seems to be a significant communication gap between the banks and the consumers, preventing them from understanding the importance of this shiny new chip on their credit and debit cards.#EMV
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With the payment industry changing so fast, communication between consumers and payment organizations is more important than ever.
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Many financial institutions, as well as Visa and MasterCard, will be watching Capital One's mobile wallet implementation closely, especially because it incorporates Host Card Emulation technology, said Tim Sloane, director of emerging technologies advisory services for Boston-based Mercator Advisory Group.#HCE
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"We are very excited about the prospect of combining these two great companies, which have a strong customer orientation, aligned strategy and a complementary footprint,” said Melissa Smith, WEX’s president and chief executive officer.
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Chief Executive Officer David Nelms, 54, has increased Discover's direct student-loan business and sought to drive more transactions to the company's payments network. #Discover
Discover Financial Services, the credit-card issuer that's expanded to student lending and unsecured personal loans, posted profit that beat analysts' estimates as the firm bought back about 8 million shares of stock and provisions for loan losses declined.
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The New York case is similar to suits brought by merchants in California, Texas and Florida. In all four cases, the plaintiffs have argued that the state surcharge bans violate the First Amendment.
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The transition, which took place Oct. 11, left many of the company’s customers without access to account information or their funds, making it difficult for them to complete payments.#Russell Simmons#Prepaid#RushCard
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Gemalto's dynamic code displays on the back of a plastic card and changes every 20 minutes, giving card-not-present security a boost at a time when e-commerce merchants are expected to absorb the fraud that EMV deflects from the point of sale in the U.S.#EMV
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Citi’s product allows clients to migrate from paper-based payment instruments to electronic payments, differentiating from existing bank offerings in Canada.#Citigroup#Canada
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Jacqueline Reses is departing Yahoo! Inc., where she had been chief development officer, to join Dorsey's Square Inc., helping boost the startup's executive team while dealing a blow to the Web portal.#Square#Yahoo
One of the top lieutenants in Silicon Valley is leaving the side of one high-profile Internet executive in Marissa Mayer to join another, Jack Dorsey.
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Payments news, trends and analysis
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PaymentsSource.com provides subscribers with one central resource for all the payments news, trends and analysis they need to navigate the industry.

Written for payments professionals who need to stay on top of the news and trends shaping the payments landscape, PaymentsSource features exclusive content, industry profiles and data tools.