Tuesday , April 16, 2024

ATM Fee Lawsuit Advances and other Digital Transactions News briefs

• The U.S. Supreme Court gave the green light to class-action lawsuits by ATM operators and consumers accusing Visa Inc., MasterCard Inc. and several U.S. banks of conspiring to inflate the prices of ATM access fees in violation of antitrust law, Reuters reported. The justices dismissed two related cases they earlier had agreed to hear because Visa and MasterCard had changed the arguments they originally made to get the Supreme Court to hear them.

• Cubic Transportation Systems announced an extension of its $40.3 million contract with the Metropolitan Transportation Authority and New York City Transit to provide software programming and maintenance for the MetroCard automated fare-collection system until the system is decommissioned, which is expected in 2022. The MTA’s new fare-collection system, which involves mobile ticketing and contactless bank cards, is replacing MetroCard.

• Mobile e-commerce provider SkyMode has integrated Apple Pay for Web transactions.

• Merchant processor Elavon announced it and Systems Innovators, an enterprise revenue management company, are providing government agencies with a payments system that helps protect citizen information and provides EMV-compliant technology.

• Consultancy Mercator Advisory Group Inc. released the “Card-Not-Present Fraud: The Merchant Empire Strikes Back” report that examines current U.S. CNP fraud trends.

• L7 Case introduced a case for the iPad Mini and Square Inc. chip reader to accommodate mobile point-of-sale transactions. The case sells for $99.

• Payments provider EVO Payments International named Jeff Rosenblatt as vice chairman. Rosenblatt, an EVO co-founder, has been president. EVO also announced it organized its operations into two regions, North America and Europe. Brendan Tansill was promoted to president of the North America unit, while Darren Wilson continues to head the company’s European operations.

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