Saturday , April 20, 2024

ACI’s UnionPay Deal and other Digital Transactions News briefs from 3-22-18

  • NCR Corp. announced that chairman and CEO Bill Nuti will step down for health reasons after its board of directors completes a search for his replacement “in the next couple of months.” Nuti then will serve as chairman emeritus and a consultant to the ATM and point-of-sale payment technology provider. NCR also promoted Paul Langenbahn, executive vice president of NCR Software, to chief operating officer; Langenbahn replaces president and COO Mark Benjamin, who is resigning to become CEO of conversational artificial-intelligence technology developer Nuance Communications Inc. in April.
  • ACI Worldwide Inc. has struck an agreement with China’s UnionPay International that will allow the card network, which has more than 7 billion cards in circulation worldwide, to access merchants through an integration with ACI’s Universal Payments technology.
  • Fraud-prevention technology provider RiskIQ said its latest survey of mobile-app stores found a 37% decrease in malicious apps.
  • Mobile point-of-sale technology provider CardFlight announced that more than 80% of merchants using its SwipeSimple card readers have been upgraded to the Quick Chip protocol, which speeds in-lane processing time for EMV transactions.
  • Credit-reporting agency Equifax Inc. appointed former Mastercard Inc. CEO Robert W. Selander as an independent director.

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