Saturday , February 24, 2018

News

January, 2018

  • 18 January

    The PCI Council Creates Associate QSA Program To Ease Cybersecurity Talent Shortage

    The PCI Security Standards Council on Thursday unveiled its Associate Qualified Security Assessor program aimed at reducing a shortage of data-security professionals in the payments industry. The Wakefield, Mass.-based PCI Council certifies QSA companies to perform assessments of a firm’s compliance with the Payment Card Industry data-security standard, the main …

  • 18 January

    Visa CEO Calls Bitcoin “Speculative” and other Digital Transactions News briefs from 1/18/18

    Visa Inc. CEO Alfred Kelly told CNBC that Bitcoin currently is a “speculative commodity” and not “a payment-system player.” Visa only will process fiat currency transactions, Kelly said at the National Retail Federation’s annual conference this week in New York. Varo Money Inc. said it raised $45 million in a …

  • 18 January

    Worldpay Eyes Technology And Growth As Cornerstones Following Merger With Vantiv

    With the merger between Vantiv Inc. and Worldpay plc finalized, the combined organization, known as Worldpay Inc., will get to the tasks at hand, says Shane Happach, Worldpay executive vice president and head of its global enterprise e-commerce. Chief among them will be developing its technology and growing the company, …

  • 18 January

    Cross-Border Specialist Flywire Beefs up Payment Offerings With Its Deal for OnPlan

    Flywire Corp., which since its start in 2011 has focused on international payments, on Thursday announced it has acquired OnPlan Holdings LLC, a Bannockburn, Ill.-based company that specializes in payments and receivables management for the health-care and education markets. Financial terms were not announced. OnPlan, with its units OnPlanHealth and …

  • 18 January

    Mobile Deposits at Community Banks and Credit Unions Grew 35% in 2017, Software Firm Says

    Mobile remote deposit capture transactions jumped 35% in 2017 over the previous year thanks to an increase in users, a software firm specializing in digital-banking applications for community banks and credit unions reports. “For banks and credit unions live for all of 2017, mobile deposits grew by an average of …

  • 17 January

    There Was No Sign of Waning Fraud Attacks in 2017, Says ThreatMetrix

    Financial-services providers experienced a 105% increase in the fraudster attack rate from 2015 through 2017, reports ThreatMetrix Inc., an authentication and fraud-mitigation provider, in its “Cybercrime Report 2017: A Year in Review,” released on Tuesday. E-commerce merchants, too, experienced greater fraud, with the log-in attack rate growing by 170% from …

  • 17 January

    Bitcoin Plunges 50%-Plus in 30 Days As a General Rout Slashes Values for Cryptocurrencies

    In what may be a case of easy come, easy go, Bitcoin and more than a score of other cryptocurrencies are shedding value fast. Since peaking near $20,000 on Dec. 17, Bitcoin’s price has plummeted more than 50%. It stood at $9,650 at mid-morning Wednesday, down more than $2,000 in …

  • 17 January

    Merchant-Funded Rewards Program Developer Cardlytics Seeks More Growth Via an IPO

    Cardlytics Inc., which analyzed 18 billion U.S. purchases in 2016 from customers of more than 1,600 financial institutions, last week filed for an initial public offering of stock that it hopes will raise $75 million in gross proceeds to further expand its marketing platforms. Atlanta-based Cardlytics was founded in 2008 …

  • 17 January

    State Attorneys General Cannabis Appeal to Congress and other Digital Transactions News briefs

    A bipartisan group of 18 state attorneys general sent a letter to Congress asking lawmakers to advance legislation “that would allow states that have legalized medical or relational use of marijuana to bring that commerce into the banking system.” Marijuana remains illegal under federal law, forcing many legal cannabis businesses in 29 …

  • 16 January

    Gift Card Provider Blackhawk Network Going Private in $3.5 Billion Buyout

    Gift and prepaid card services provider Blackhawk Network Holdings Inc. reported Tuesday that it has a deal with two financial firms to be taken private for $3.5 billion. Private-equity firm Silver Lake Management L.L.C. and hedge fund P2 Capital Partners are offering $45.25 per share in cash. The offer represents …