American Express

As the Oct. 1 fraud liability shift for EMV-compliant chip cards looms, payment card issuers appear ready for the change.

According to a new study from the electronic payments industry group Payment Security Task Force (PST), the eight financial institutions that belong to the PST reported that 30% of their U.S. consumer credit and debit cards contain EMV chips as of June 30.

Hot on the heels of Google’s official launch of Android Pay, Samsung is officially entering the U.S. mobile payment market. Samsung Pay, which launched in South Korea in August, is now available for use by U.S. consumers.

Samsung Pay functionality is built into the hardware of Galaxy S6 and S6 Edge mobile devices. Samsung says Samsung Pay is the first and only mobile payment service that works with both near field communication (NFC) and card readers with magnetic secure transmission (MST) technologies, which means it is already compatible with most POS terminals.

Crocs Inc. has promoted one of its marketing directors to be the company's next CMO.

The company announced that Terence Reilly was promoted to senior vice president and chief marketing officer. In this new role, Reilly will continue to lead the Global Marketing team in Niwot, Colo., providing strategic direction and support to the company's regional and country marketing teams across the globe. Reilly will continue to oversee all aspects of Crocs' marketing, including the company's brand, advertising, consumer and social media campaigns.

Apple Pay has a new rival, and it’s a formidable one.  

Mountain View, Calif. – Apple Pay has a new rival, and it’s a formidable one.  
   
In its second take on mobile payments, Google is officially releasing its Android Pay digital payment solution to users of Android devices in the U.S.
     

Bentonville, Ark. -- In the latest move in its battle against Costco, Sam's Club is going to start accepting the very form of payment that Costco rebuffed earlier this year.

Starting Oct. 1, all Sam’s Club locations in the U.S. and Puerto Rico will take American Express cards at checkout. Earlier this year Costco ended its 16-year relationship with American in favor of Visa after the two companies could not come to an agreement on new terms.

Foster City, Calif. – Financial services provider Visa Inc. is among the lead investors in a $30 million round of equity funding for a blockchain technology provider.

In the latest move in its battle against Costco, Sam's Club is going to start accepting the very form of payment that Costco rebuffed earlier this year.

Chicago - Starwood Retail Partners is rewarding mall shoppers, regardless of which stores in the mall they choose to shop.

Starwood is rolling out Oh, So Simple Rewards, a program that lets consumers earn credit for their purchases at stores across the entire mall.

Deerfield, Ill. - Walgreens Boots Alliance has named Kimberly R. Scardino as its new senior VP, global controller and chief accounting officer. Scardino joins Walgreens Boots Alliance from American Express Co., where she was senior VP, business advisory controller.