Monday , May 27, 2019

News

May, 2019

  • 24 May

    Another Major Deal Could Be on the Horizon As News Emerges of TSYS-Global Payments Talks

    A potential merger, joint venture, or partnership may be in the offing for Global Payments Inc. and Total System Services Inc. (TSYS). The two merchant-processing powerhouses have held preliminary discussions about a combination of some sort, according to a report late Thursday by Bloomberg.com. In addition to traditional merchant processing, …

  • 24 May

    An Operation Choke Point Settlement and other Digital Transactions News briefs from 5/24/19

    The Electronic Transactions Association sent letters to Congress and the Canadian Parliament urging lawmakers to ratify the pending U.S.-Mexico-Canada trade agreement (USMCA) that would replace the North American Free Trade Agreement. Among other things, the USMCA reflects “the importance of data, technology, and innovation,” and would bar any country from …

  • 23 May

    AT&T Says It’s Now the First Mobile Carrier to Accept Cryptocurrency for Bill Payments

    AT&T Communications said on Thursday that starting now it will accept bill payment in cryptocurrency, making it the first mobile carrier, and one of the largest companies overall, to do so. The company, a unit of AT&T Inc., is using Atlanta-based processor BitPay Inc. to handle digital-currency payments. No information …

  • 23 May

    Payday Lenders Settle Operation Choke Point Lawsuit Against Federal Bank Regulators

    A five-year-old lawsuit brought by payday lenders against federal banking regulators over the government’s controversial Operation Choke Point ended with a settlement this week. Advance America, Cash Advance Centers Inc. (Advance America), and Check Into Cash had sued the Federal Deposit Insurance Corp. and the Office of the Comptroller of …

  • 23 May

    Issuers And Networks Line up for New York’s Contactless Mass-Transit System

    There’s nothing like mass transit to inculcate payment habits in consumers, so it’s no surprise the major card brands are scrambling to see that their products are part of the ongoing rollout of contactless payments in the nation’s biggest transit system, New York City’s Metropolitan Transportation Authority. Starting May 31, …

  • 23 May

    Attacks From Rogue Mobile Apps Jump 300%, and CNP Fraud Continues To Boom, RSA Finds

    Fraud attacks involving rogue mobile applications jumped nearly 300% in the first quarter from the preceding quarter, and fraudulent card-not-present transactions rose 17%, fraud-control services provider RSA Security says in a new report. Bedford, Mass.-based RSA says it flagged 41,313 attacks from rogue apps compared with 10,390 in 2018’s fourth …

  • 23 May

    TriMet Adds Apple Wallet Option and other Digital Transactions New briefs from 5/23/19

    TriMet, the transit agency for the Portland, Ore., region, said transit riders can now use its Hop Fastpass card in Apple Wallet and use their iPhones and Apple Watches to pay for fares on TriMet, C-TRAN, and Portland Streetcar lines. TriMet said Hop is the first transit fare to launch …

  • 22 May

    Having Put out 20 Million Contactless Cards So Far, Chase Tackles New York Mass Transit

    Two powerful forces for making contactless cards a routine feature of daily life are acceptance by mass-transit systems and backing from the biggest issuers. On Wednesday, that combination came into focus with an announcement from Visa Inc. that starting May 31 users of the 20 million contactless credit cards JPMorgan …

  • 22 May

    Citgo Readies EMV at the Pump and other Digital Transactions News briefs from 5/22/19

    Gilbarco Veeder-Root said Citgo Petroleum Corp. released its EMV-acceptance Passport software for Citgo retailers to use in the forecourt. With this release, Gilbarco Veeder-Root said more than 70% of its Passport customers have forecourt EMV software available as upgrades. At a payments conference sponsored by The American Bankers Association, the …

  • 21 May

    Hedge Fund Takes 12% Stake in “Undervalued” USA Technologies

    The beaten-down shares of vending-machine payments provider USA Technologies Inc. jumped nearly 15% Tuesday on news that a hedge fund had taken a 12% stake in the company. In a regulatory filing, New York City-based Hudson Executive Capital LP said it believes USAT’s “shares are undervalued and are an attractive …

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