PayPal gave merchants and others a peak at the new payments technology that, it said, will allow it to overcome the dominance of Visa and MasterCard at the point of sale.
Jack Henry & Associates Inc. said an expanded processing relationship with MasterCard Worldwide will help reduce the number of paper checks its iPay Technologies division generates to pay consumers’ bills.
Payment service relies on mobile phones to bypass POS terminals.
Aite had it partly right. That's one way to interpret clarifications from MasterCard regarding its policies on EMV transactions and ATMs.
Analyst says multiple sources indicate April 2013 deadline, "a blink of an eye in banking."