News

March, 2017

• 8 March

  Verifone Says Its Breach Is Contained to Two Dozen Convenience Stores

  

  VeriFone Systems Inc. acknowledged that hackers targeted two dozen convenience stores in an attempt to get at sensitive payment data by infiltrating the point-of-sale terminal maker’s corporate network in January. The confirmation follows a report Tuesday on KrebsOnSecurity.com that disclosed the attack. The site, which specializes in information-technology threats and …
• 8 March

  Royal Bank Talks up Siri and other Digital Transactions News briefs

  • Punchh, provider of mobile loyalty systems for restaurants, has introduced a chatbot that allows customers to “converse” with dining clients on Facebook Messenger, Amazon.com Inc.’s Alexa, and other platforms. Punchh says the chatbot integrates “quickly and easily” with existing point-of-sale, loyalty, and ordering programs. • Royal Bank of Canada said …
• 7 March

  Early Warning Readies Its Launch Campaign for Zelle That Will Emphasize Awareness, Branding

  The Zelle person-to-person payments service is about to take on a public face as bank-owned parent company Early Warning Services LLC readies a multifaceted marketing campaign for rollout in the coming weeks and months. “I would say it’s a significant marketing campaign focused on awareness,” Melissa Lowry, vice president of …
• 7 March

  JetPay Picks Payroll Card Vendor and other Digital Transactions News briefs

  • U.K.-based merchant-processing giant Worldpay Group Plc reported its U.S. revenue, which accounts for more than a quarter of its total revenue, increased 15.5% to $299 million in 2016, though the company pointed to weakness in its U.S. business that hurt its overall performance. Average U.S. transaction value declined 2.2% to …
• 7 March

  An API Emerges to Let Businesses More Easily Exploit Same-Day ACH Processing

  

  When the nation’s automated clearing house network introduced same-day settlement in September, it was only a matter of time before an application programming interface became available to simplify faster clearing. On Monday, that day arrived with Dwolla Inc.’s announcement that it was commercializing a same-day ACH API. The code, which …
• 6 March

  Dining-Tech Startups Attract Steady Funding As Eateries Seek Faster, Smoother Service

  

  The restaurant industry has become a focal point for mobile payments, what with efforts to tie payments to technology like mobile loyalty, order-ahead, and delivery apps to appeal to deal-seeking, time-starved diners. Now comes news that startups offering restaurant technology are consistently attracting financing exceeding half a billion dollars annually—a …
• 6 March

  Other Countries Embrace Contactless Cards, but the U.S. Still Shuns Them

  

  When it comes to contactless electronic payment transactions, the U.S. payments industry seems to be more interested in using smart phones than plastic debit or credit cards. But other countries have gone the opposite route. In the United Kingdom, for example, spending on contactless cards reached a record £3.4 billion …
• 6 March

  First Data And Fleetcor Form a Venture to Consolidate Their Gift Card Businesses

  

  Processor First Data Corp. and Fleetcor Technologies Inc. are forming a joint venture to consolidate their gift card businesses, First Data announced Monday. The joint venture, whose name was not released, combines First Data’s gift card business, digital gift-card provider Transaction Wireless Inc., and its Gyft unit, with Fleetcor’s Stored …
• 6 March

  Harbortouch In Integration Deal and other Digital Transactions News briefs

  • Merchant processor Harbortouch Payments LLC said it will integrate cloud-based purchasing and inventory-control software from Sarbari into its point-of-sale offering for the restaurant industry. • Processor and payments-tech developer Dwolla Inc. said it has brought its application programming interface for same-day automated clearing house transactions out of pilot. With this move, …
• 3 March

  With McDonald’s Saying ‘I’m Lovin’ It’ to Order Ahead, Mobile Payments Could Get a Boost

  

  Mobile order-ahead-and-pay functionality has been adopted lately by restaurants ranging from Starbucks Corp. to Chick-fil-A. But with the announcement on Wednesday by McDonald’s Corp. that it will offer the service on its mobile app, the world’s largest hamburger chain could finally push mobile payments into the consumer mainstream. At an …