Monday , November 18, 2019

News

November, 2019

  • 18 November

    Visa Confirms the FTC Is Probing Its Debit Transaction Routing Practices

    Confirming rumors that the Federal Trade Commission is looking into issues involving debit card transaction routing, Visa Inc. late last week reported the Federal Trade Commission has asked it to voluntarily provide information about its routing practices. In a brief notice in its fiscal 2019 report to the Securities and …

  • 18 November

    As the E-Commerce Gateway Business Heats up, Elavon Strikes a Deal for Sage Pay

    U.S. payments companies looking to acquire properties in key markets like e-commerce and merchant acquiring have found a willing seller in Sage Group PLC. Early Monday, the company announced it agreed to sell its payments gateway, Sage Pay Europe Ltd., to Atlanta-based Elavon for $300 million. The deal will bring …

  • 18 November

    Checkers Contends With POS Malware and other Digital Transactions New briefs from 11/18/19

    Checkers Drive-in Restaurants Inc., which in May said malware had affected certain of its Checkers and Rally’s locations, said it is aware the malware had affected one more Checkers and Rally’s location and also that the malware had been re-installed at “several” locations the company had previously identified as affected. The company …

  • 15 November

    Eye on Acquiring: Repay’s Card Volume up 40%, and Usio and Net Element Report Earnings

    In its first full quarter as a public company, Repay Holdings Corp. said its card-payment volume of $2.6 billion was a 40% increase over the 2018 third quarter. Payments providers Usio Inc. and Net Element Inc. also reported their earnings results. Atlanta-based Repay, which acquired APS Payments and TriSource Solutions …

  • 15 November

    Could a Move in the German Parliament Break Apple’s Hammerlock on the NFC Chip?

    Ever since Apple Pay debuted in 2014, Apple Inc. has kept the near-field communication chip in its devices off-limits to payment apps from other companies. But now legislation has appeared in Germany that may force the computing giant to grant access to that all-important chip, which allows Apple phones and …

  • 15 November

    Bill Could Restrain Tech Firms’ Financial Services Projects and other Digital Transactions New briefs from 11/15/19

    U.S. Rep. Chuy Garcia (D-Ill.) planned this week to introduce bills that would bar tech firms from developing their own cryptocurrencies and make it more difficult for non-financial firms to obtain charters for industrial-loan corporations, a form of a bank, according to Politico. Garcia’s office did not immediately respond to a request …

  • 14 November

    What is a security maturity model? And, what does it have to do with PCI DSS compliance?

    By: Christoffer Brown, SecureTrust Product Manager A security maturity model is a framework for measuring – you guessed it – the maturity of a security program. A maturity model helps assess the current operational effectiveness of key processes relative to peers and desired maturity goals for entities to understand what …

  • 14 November

    Integrated Payments Help Priority Technologies Move Beyond Subscription Billers

    Merchant processor Priority Technology Holdings Inc. posted an 11% increase in payment volume in the third quarter despite the wind-down of its once-sizable processing business for online subscription billers. Alpharetta, Ga.-based Priority said it processed $10.8 billion in merchant bank card volume versus $9.71 billion in 2018’s third quarter, on …

  • 14 November

    How Bill Pay Could Prove To Be a Tempting Target for the New Google Checking Accounts

    Now that Google Inc. is making a play for the heart of payments—the checking account—some observers see the strategy’s first fruit as likely to be a move into a massive market long controlled by banks and service providers. “It’s huge,” Krista Tedder, director of payments at Javelin Strategy & Research, …

  • 14 November

    FTC Probes Debit Routing and other Digital Transactions News briefs from 11/14/19

    The Federal Trade Commission has started a preliminary inquiry into whether Visa Inc., Mastercard Inc., and large debit card issuers are blocking merchants from routing transactions over PIN-debit networks, the Bloomberg Law news service reported, citing anonymous sources. FTC investigators reportedly have contacted merchants and their trade groups, Bloomberg Law said. Spokespersons for …

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