All articles by Sandra Nielsen

Sandra Nielsen

TSYS signs payments agreement with KeyBank

TSYS will provide payment processing for the consumer credit card portfolio of US-based KeyBank, as part of a long-term agreement.

Apple stores to sell payleven chip and PIN card reader

European mobile payment provider payleven has announced that its chip & PIN card reader will be available for anyone to buy in Apple retail stores and online, across Europe.

Visa: 3.5m chip cards in the US

US financial institutions have issued 5,000 EMV chip credit cards per day since the EMV migration began in 2011, with 3.5m chip cards currently being used nationwide, according to Visa.

Visa and MasterCard sue retailers after swipe-fee settlement refusal

Visa and MasterCard have filed a law-suit against trade associations and retailers that have rejected a $7.2bn class action settlement.

India’s Central Bank moves to protect cardholder info

The Reserve Bank of India (RBI), India’s central bank, has mandated that banks in India implement additional authentication for all card transactions and introduce security measures to safeguard their customers against fraud.

Visa appoints new president

Visa has appointed JPMorgan Chase executive Ryan McInerney as its new president.

Wells Fargo launches EMV commercial cards

Wells Fargo, the fourth-largest US bank by assets, has begun issuing WellsOne commercial cards that comply with EMV specifications, and include an embedded microprocessor chip, along with a magnetic stripe.

SumUp launches merchant mobile card payments in Russia

SumUp, a merchant debit and credit card payments system for mobile devices, has launched its service in Russia and announced a partnership with the financial conglomerate Svyaznoy Group.

19 major merchants opt out of settlement with Visa and MasterCard

A group of 19 large retailers including Wal-Mart Stores, Costco Wholesale Corp. and Starbucks are pulling out of a pending class-action settlement with Visa and MasterCard, setting the stage for further disputes over transaction-processing fees.

Citi sells Brazilian cards and finance unit

Citigroup has sold its Brazilian consumer finance units to Itaú-Unibanco, Brazil’s second-largest bank by assets in a deal worth around BRL2.77bn ($1.3bn).