The European Payments Council announces the publication of the latest version of the SEPA Cards Standardisation Volume
December 8, 2015 - The European Payments Council (EPC), representing payment service providers, and the Cards Stakeholders Group (CSG), a multi-stakeholder body gathering retailers, vendors, processors, card schemes and the EPC, today published version 7.1 of the Single Euro Payments Area (SEPA) Cards Standardisation Volume (the Volume).
San Francisco sues American Express for billions in penalties, restitution for merchants
November 20, 2015 - San Francisco City Attorney Dennis Herrera is suing American Express Company (NYSE: AXP) in a statewide consumer protection action over anti-competitive and illegal merchant restraints alleged to be "responsible for billions of dollars in excessive and improper costs" borne directly by retailers and, indirectly, by all California consumers.
Two-thirds of Americans unwilling to move to digital-only - US Bank survey
November 16, 2015 - Approximately 70 percent of consumers across all generations (85 percent of millennials) believe banks that are current with the latest technology are more trustworthy than banks that lag; however, nearly 4 out of 5 Americans say when it matters most, they value people more.
Chase partners Early Warning for real-time fraud protection around ACH payments
November 10, 2015 - Chase Commerce Solutions, the global payment processing and merchant acquiring business of JPMorgan Chase & Co., today announced a strategic alliance with Early Warning, a provider of risk management solutions, which will enhance account verification and authentication for businesses and provide real-time fraud protection for payments made via the Automated Clearing House (ACH) network.
Researchers reveal chip and PIN hack
October 21, 2015 - Forensic researchers from France have called a scam that saw thieves embed two chips in a payment card to carry out a man-in-the-middle attack "the most sophisticated smart card fraud encountered to date".
EMV is no silver bullet - NAFCU
October 20, 2015 - National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement regarding the recent Europay, MasterCard and Visa (EMV) chip-card transition.
America's Thrift Stores reports card data breach
October 14, 2015 - Charity shop chain America's Thrift Stores has become the latest hacking victim after crooks planted malware at a third-party service provider and stole payment card numbers.
Banks must embrace fintech-fuelled payments revolution - BNY Mellon
October 9, 2015 - Banks must embrace fintech companies or risk being left behind as the payments landscape undergoes a radical technological overhaul, according to a new report from BNY Mellon.
