Wednesday , July 18, 2018

News

June, 2018

  • 12 June

    Worldpay Tests Dynamic CVV Cards in Anticipation of Broader Availability

    Worldpay Inc. is adding another tool for financial institutions in their efforts to curtail the pricey and nuisance-laden aftereffects of rampant data breaches. The company’s solution comes in the form of credit and debit cards that use a dynamic card-verification value. Cincinnati-based Worldpay is testing the Motion Code-enabled credit and …

  • 12 June

    The Key to Your ISOs Success

    Every day, fintech companies invest in their product offerings, attempting to stay on par with rapidly advancing payment and point of sale technologies; but there is oftentimes an oversight when it comes to making that same investment in support and service. While continuous product development is vital to all of …

  • 12 June

    The MAG’s Horwedel Prepares To Step Down as CEO

    Mark Horwedel, chief executive of the Merchant Advisory Group, an association of more than 100 of the nation’s biggest merchants that concerns itself with payment issues, plans to step down at year’s end. Replacing him will be John Drechny, chairperson of the group’s board of directors and currently senior director …

  • 12 June

    Cardtronics Adds PenFed ATMs and other Digital Transactions News briefs from 6/12/18

    Payment-technology firm i3 Verticals could raise almost $100 million in an expected initial public offering, according to news reports. The firm, launched six years ago as Charge Payment, is led by Greg Daily, a former chief executive at iPayment Inc. ATM network owner and operator Cardtronics plc reported that under …

  • 11 June

    Making Sense of Payment Security: Help for Software Developers

      Despite absolute agreement on the need for heightened payment and data security, there remains a lot of confusion and uncertainty among those tasked with ensuring and implementing it. With so many different technical terms out there, it’s easy to understand why this uncertainty occurs. Technologies such as P2PE (point-to-point …

  • 11 June

    VeriFone’s Revenues Slip as Acquisition by Francisco Partners Nears

    In what could be its final earnings report as a public company, point-of-sale terminal maker and online payment technology provider VeriFone Systems Inc. reported Friday that its revenues for the quarter ended April 30 fell 7.5% from a year earlier, but its quarterly loss narrowed considerably. San Jose, Calif.-based VeriFone …

  • 11 June

    In a Sharp Return to Volatility, Cryptocurrencies Shed Almost 13% of Value in One Day

    The cryptocurrency market suddenly turned bearish over the weekend, with price drops Sunday among the top 10 coins ranging from 6% to 16%. Overall, the total market capitalization of more than 1,600 currencies tracked by Coinmarketcap.com stood at $296.3 billion Monday morning, compared to $339.4 billion around noon on Saturday, …

  • 11 June

    Intuit Appears to Amend Gun-Related Transaction Policy and other Digital Transactions News briefs from 6/11/18

    Intuit Inc. has stopped processing gun-related credit card transactions in at least some instances, the New York Post reported. The blocked transactions included sales of gun-related T-shirts and fees for gun-safety classes, according to the report. Intuit did not respond to requests for comment, the newspaper said. Sprott Money Ltd., which …

  • 8 June

    USAA Sues Wells Fargo Over Remote Deposit Capture Patents

    USAA, the big insurance company and bank serving current and former military members and their families, filed a federal lawsuit Thursday accusing Wells Fargo Bank of infringing on four of its mobile remote deposit capture patents. The lawsuit, filed in U.S. District Court in Marshall, Texas, asks for unspecified damages. …

  • 8 June

    The Electronic Payments Coalition Takes a Potshot at the New Secure Payments Partnership

    A lull in the longstanding war of words between merchants and the global payment card networks came to an end with the creation Thursday of the Secure Payments Partnership, an advocacy group of retailers and PIN-debit networks. On Friday, the Electronic Payments Coalition, a Washington, D.C.-based lobbying organization led primarily …