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News

December, 2015

  • 18 December

    The PCI Security Standards Council Extends a Key Encryption Deadline by Two Years

    By John Stewart Acting in response to comment from the industry, the PCI Security Standards Council has extended a key security deadline for payments processors, merchants, and banks by fully two years. These players now have until June 30, 2018, to stop using Secure Sockets Layer (SSL) encryption and instead …

  • 17 December

    Facebook’s Uber Integration Relies on Braintree for Payments Within Messenger App

    By Kevin Woodward Facebook Inc.’s newly launched integration of Uber, the car-hailing service, into its Messenger app relies on e-commerce-transaction processor Braintree to provide the payments connection. Facebook on Wednesday updated its Messenger communications app with a Transportation option that enables users to request a ride from a car service …

  • 16 December

    Majority of Cards Presented to Merchants Bear EMV Chip: Report

    Efforts to get EMV chip cards into the wallets of U.S. consumers may be paying off. Some 52% of cards presented to merchants in the weeks following the Oct. 1 liability shift bear a chip, says CardFlight Inc., a mobile point-of-sale provider, in the debut of its EMV Migration Tracker. …

  • 16 December

    Global Payments’ $4.3 Billion Heartland Deal Points up Industry Shift to Integrated Payments

    When Global Payments Inc.’s chief executive, Jeffrey S. Sloan, called his counterpart at Heartland Payment Systems Inc., Robert O. Carr, a couple of months ago, he had in mind the potential for a massive acquisition in the acquiring business. But, in making that call, he also took the latest step, …

  • 15 December

    As Mobile P2P Grows, It’s Winning Adoption With a Broad Range of Age Groups

    The low cost and convenience of peer-to-peer payments may be ready to cannibalize a portion of the traditional wire-transfer market, according to a new report from Javelin Strategy & Research. The report also finds that mobile P2P is important to all consumers, not just Millennials, often considered the most likely …

  • 15 December

    Despite the Rapid Rise of E-Payments, Cash Remains Stubbornly Popular Worldwide

    By John Stewart n If, as the saying goes, cash is king, it’s clinging stubbornly to its throne. Despite the emergence of e-commerce and the secular rise of payment cards around the world, cash usage is growing nearly as fast globally as cashless payments, according to a report released this …

  • 15 December

    Global Payments To Buy Heartland in $4.3 Billion Cash-And-Stock Deal

    Confirming rumors that have been rife for days, merchant acquirer Global Payments Inc. announced late Tuesday that it will buy smaller rival Heartland Payment Systems Inc. in a cash-and-stock deal valued at $4.3 billion. At $100 per share, the deal represents an 18% premium over Heartland’s closing share price Tuesday. …

  • 14 December

    The U.K.’s Yoyo Wallet Hopes Soon To Be Walking a Big Dog in U.S. Mobile Payments

    By John Stewart While many observers might argue the U.S. payments market has plenty of mobile-wallet entries for the time being, a U.K. startup called Yoyo Wallet figures there’s room for one more. London-based Yoyo, which launched with university cafeterias nearly two years ago and has expanded to catering operations …

  • 14 December

    Mobile Payments Poised for 62% Growth in 2016, Says eMarketer

    2016 could be an auspicious year for mobile payments growth. That’s if a forecast from eMarketer Inc. proves correct. The New York-based research firm predicts that the number of consumers making mobile payments at the point of sale with smart phones will hit 37.5 million in 2016, a 61.6% increase …

  • 14 December

    EMV Still Lifting VeriFone as Retailers Convert and the Oil Sector Begins Switchover

    The conversion of U.S. mall and Main Street retailers to EMV chip card acceptance continues to lift VeriFone Systems Inc.’s North American revenues, but now the leading U.S.-based point-of-sale terminal maker and payment-services provider is getting ready for a rush of orders from petroleum marketers preparing to meet a key …

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