Monday , June 17, 2019

Struggling to Counter Cybersecurity Threats and other Digital Transactions News briefs

  • Merchant-payments provider iPayment Inc. is getting into the burgeoning merchant cash-advance business with iPayment Capital, a new unit expected to come online in the fall. Headed by former Bizfi executive Tomo Matsuo, the unit will initially focus on the funding needs of iPayment’s 137,000 merchants.
  • IT security professionals are struggling to respond to cybersecurity threats, according to a survey of more than 400 professionals by ControlScan Inc., a provider of payment card data-security services. Among other results, fully 49% of respondents said they don’t employ people with the needed skills or training. The report is available here. The results follow a report last month from Kaspersky Lab indicating employees unwittingly enable attacks and make them worse by failing to report them.
  • With transaction volume down 17%, merchant processor Payment Data Systems Inc. reported a second-quarter loss of $534,337 compared with a loss of $355,301 a year earlier on revenues of $2.55 million, down 12% from $2.89 million. Payment Data said it expects its planned acquisition of independent sales organization Singular Payments LLC to close soon.
  • With concerns rising about e-commerce security, digital-certificate specialist Comodo agreed to provide extended-validation digital certificates to 3dcart, an e-commerce platform provider.
  • Cybersecurity firm WISeKey International Holding Inc. has completed its integration of VaultIC, an integrated-circuit business it acquired in September from Inside Secure. The integration will enable WISeKey to leverage VaultIC’s strength in security for the Internet of Things (IoT).
  • JotForm, whose technology allows Web developers to create online forms, announced an integration with First Data Corp.’s Payeezy e-commerce gateway to simplify payment acceptance for JotForm users.
  • Mastercard Inc. announced a tie-up between its Mastercard Priceless Cities platform and Apple Inc.’s Apple Music service in which Mastercard cardholders can get specially curated playlists from Canadian artists in Toronto and Montreal.
  • Citing the need for a larger warehouse to accommodate growth, Touch Dynamic said it has moved its Florida distribution center to Sunrise, Fla. The company, which makes tablets and peripherals for the point of sale, opened its Florida center in 2013.

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