News

November, 2016

• 29 November

  First Data Is Becoming an ‘Increasingly Competitive’ Processor, Report Says

  

  By Jim Daly@DTPaymentNews Can First Data Corp. shake its reputation as the aircraft carrier of the payments industry, a behemoth processor that is anything but nimble? It can, according to a new report from a securities firm. “First Data becoming increasingly competitive,” says the headline in the report by Chicago-based …
• 28 November

  Momentum Grows for Blockchain As Its Bitcoin Wallet Breaches the 10-Million Mark

  

  By John Stewart@DTPaymentNews Buoyed by seismic political and financial events, the Bitcoin digital currency is picking up momentum in both its value and its adoption. Blockchain, a U.K. company that offers Bitcoin services, last week celebrated having issued 10 million wallets since its founding in 2011. That’s a doubling in …
• 28 November

  With Payments Veteran Rawls at the Helm, iPayment Solicits Resellers To Boost Growth

  

  By Kevin Woodward@DTPaymentNews New York-based iPayment Holdings Inc. has named O.B. Rawls IV chief executive and president and charged the veteran payments executive with guiding the payments company’s plans to increase sales . Rawls, whose prior experience includes First Data Corp., also joins the iPayment board of directors. He has …
• 28 November

  The ETA Sends a Payments-Industry Wish List to President-Elect Trump

  

  By Jim Daly@DTPaymentNews Perhaps when he’s not tweeting, President-elect Donald J. Trump will get around to reading the letter the Electronic Transactions Association sent to him Monday outlining payments-industry proposals for Congress and federal regulators once Trump’s administration takes over in January. “ETA encourages your administration to create a policy …
• 28 November

  More Than Tickets in Ticketing App and other Digital Transactions News briefs

  • The U.S. District Court for the Eastern District of Pennsylvania issued final approval of a $37.5 million settlement in a class-action case, Reyes v. Zions First National Bank, attorneys for the class announced. In the case, plaintiffs alleged Zions Bank and a former payment-processing subsidiary knowingly handled payments for fraudulent …
• 23 November

  Eye on Security: Madison Square Garden Breached; Should Chip Cards’ Mag Stripes Go?

  

  Sports and entertainment venue operator The Madison Square Garden Co. (MSG) on Tuesday disclosed a nearly year-long breach of payment card information involving customers who bought concessions at five of its venerable properties. And a new study from Federal Reserve researchers makes six recommendations for improving mobile-payments security, one of …
• 23 November

  Ingenico Debuts Android mPOS Device and other Digital Transactions News briefs

  Terminal maker Ingenico Group introduced its first Android-based mobile point-of-sale payment device, the APOS. The portable terminal includes a front and rear camera and accepts payments based on EMV, mag-stripe, and near-field communication. Cubic Transportation Systems announced it has been awarded a $4.8 million contract modification from the Maryland Transit …
• 22 November

  Visa Modifies Its Controversial EMV Debit Card Transaction-Routing Policies

  

  Visa Inc. disclosed Tuesday that it has modified its chip debit card transaction-routing policies in the wake of the increasing governmental scrutiny the largest payment card network’s routing practices have attracted since EMV chip cards took hold in the U.S. beginning last year. A key change assures merchants that they …
• 22 November

  Another Hotel Warns of Possible Data Breach and other Digital Transactions News briefs

  • Payments-services provider ACI Worldwide Inc. said it expects the rate of attempted online fraud in the United States during the holiday shopping season will increase 43% over the same period last year, based on transaction data it has seen so far. This increase follows U.S. adoption of EMV cards at the …
• 21 November

  Apple Pay Promotions Yield 37% Increase in Vending Machine Sales, Says USAT

  By Kevin Woodward@DTPaymentNews Vending payments specialist USA Technologies Inc. says promoting Apple Pay at the point of sale produced a 36.5% increase in overall sales and a 55.5% increase in revenue from contactless purchases. Malvern, Pa.-based