Thursday , June 21, 2018

Transaction Processing

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 …

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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 …

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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 …

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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 …

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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 …

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Hyundai’s In-Car Payments Plans and other Digital Transactions News briefs from 6/8/18

The Korean automaker Hyundai has made agreements to let drivers pay through the car’s infotainment system for gas at Chevron or Texaco, meals from Applebee’s To Go, and parking through ParkWhiz. Other automakers working on similar payment systems include Ford for parking and vehicle service and Chevrolet and Jaguar for …

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Eye on Self-Checkout: Mobile Checkout That Ditches Apps, And New Locations for Amazon Go

The payments industry’s drive to bypass—or eliminate—the traditional retail checkout typically involves a mobile app, but on Thursday Moltin, a 5-year-old Boston-based developer, introduced a browser-based self-checkout capability that lets customers ring up their own goods. The first merchant to deploy the technology is a San Clemente, Calif.-based clothing maker …

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Vinyl Lovers Find An Easier Payments Experience With Discogs Payments

Discogs, a Web site and app that’s on a mission to build a comprehensive music database and marketplace, launched Discogs Payments this week for its U.S. online buyers and sellers of vinyl records and CDs. The integrated checkout, backed by Adyen, a Netherlands-based processor, is in addition to a system …

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Merchant Groups and PIN-Debit Networks Band Together for More Input Into Payment Security

Several national merchant trade groups and PIN-debit networks have founded an advocacy group meant to give them a bigger role in the development of electronic-payment security standards. Founding members of the new Secure Payments Partnership include the Food Marketing Institute, National Retail Federation, National Association of Convenience Stores, National Grocers …

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NXP Launches White-Label NFC Wallet and other Digital Transactions News briefs from 6/7/18

Total System Services Inc. (TSYS) said it purchased iMobile3, which provides point-of-sale and digital marketing services for payments companies to market to merchants, for an undisclosed amount. Chip maker NXP Semiconductors N.V. announced a collaboration with Mastercard Inc. and Visa Inc. with the launch of the NXP mWallet 2GO, a white-label …

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