Thursday , April 19, 2018

Transaction Processing

Eye on Payment Data: Delta, Sears Experience Breaches and ControlScan Debuts a PCI Compliance Service

A vendor that provides online chat services for customer acquisition and engagement appears to be the common thread in breaches disclosed Wednesday by Delta Air Lines Inc. and Sears Holdings Corp. The service provider is [24]7.ai Inc., a San Jose, Calif.-based company that provides services like virtual chat agents and …

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Tabletop POS System Provider E la Carte Changes Its Name to Presto

In the increasingly competitive market for tabletop point-of-sale terminals, providers are looking for some magic. One of them, Redwood City, Calif.-based E la Carte, said this week it is changing its name to Presto, which means “fast” in Italian, as the company points out, but also adds that the word …

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New York Asks Card Brands About Gun Sales and other Digital Transactions News briefs from 4/5/18

New York’s comptroller, who oversees the state’s public pension funds, last week sent letters to the four general-purpose card networks, three of the nation’s biggest banks, and First Data Corp. and Worldpay Inc. asking them to assess whether gun sales should be considered restricted high-risk purchases, Bloomberg reported. New York’s letter comes …

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Elavon Expands Atlanta Headquarters and other Digital Transactions News briefs from 4/4/18

Elavon, the merchant-acquiring subsidiary of U.S. Bancorp, is expanding its Atlanta headquarters and adding 180 jobs over the next three years in its integrated-payments and e-commerce sectors, the Atlanta Business Chronicle reported. In the first deployment of its peer-to-peer payment service outside the U.S., Square Inc. is rolling out its Cash app in the …

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PayPal Leads Juniper Mobile Wallet Rankings

Mobile-wallet usage is expected to increase in 2019 as almost 2.1 billion consumers worldwide choose the payment option, predicts Juniper Research Ltd. In its “Mobile Wallets: Service Provider Analysis, Market Opportunities & Forecasts 2018-2022” report released Wednesday, United Kingdom-based Juniper notes that next year’s forecasted number of mobile-wallet users is …

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Chicago Commuter-Rail Agency Will End Online Ticket Sales in Part To Avoid PCI Costs

Metra, the commuter-rail agency in the Chicago area, will cease selling tickets on its Web site in late June, partly to avoid payment card security expenses. Riders, however, will still have a mobile-ticketing option through the Chicago Transit Authority’s Ventra fare system. Metra, which operates 11 transit lines and carries …

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Cash Demand Isn’t Going Away, So Fiserv Expands Its CardFree Cash Service to More ATMs

Bank processors over the past several years have worked to combine cardless technology with a continuing consumer demand for cash, a trend that took on momentum on Wednesday with an announcement from Fiserv Inc. that three ATM manufacturers are now supporting the company’s 3-year-old CardFree Cash service. ATM makers Genmega, …

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KFC Adopts Ingenico POS Service for EMV and other Digital Transactions News briefs from 4/3/18

POS equipment maker Ingenico Group said KFC Corp., a unit of Yum! Brands Inc., migrated its U.S. payment system to Ingenico’s Telium semi-integrated POS service. Consumers now can make chip-and-sign, chip-and-PIN, magnetic-stripe, and contactless transactions at KFC locations. Online shopping-cart provider 3dcart said its upcoming version 8.1 will support Google …

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MoneyGram Cements Its Ties With Walmart Through New International Service

Wire-transfer provider MoneyGram International Inc. and Walmart Inc. announced a new international service Tuesday dubbed Walmart2World that the companies say enables recipients to get funds in as little as 10 minutes. The long-time partners also renewed for two years the contract under which Walmart offers MoneyGram’s various money-transfer and bill-pay …

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Litecoin Founder Charlie Lee: ‘We’re Targeted Toward Payments’

Lately, the cryptocurrency craze has raised any number of questions, but probably the most pressing one for the payments business is whether any of these hundreds of tokens can ever succeed as an actual payment device. But while fluctuating trading values plague all of the digital currencies, one stands out …

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