Tuesday , October 23, 2018

Clearent Offering Quick Chip Technology and other Digital Transactions News briefs

• Processor First Data Corp. unveiled its First Data Global PFAC service for payment facilitators, which includes a single integration interface that enables merchants to authorize, settle, and fund transactions in more than 40 countries and 17 currencies.

• Payment processor Clearent LLC is offering Visa Inc.’s Quick Chip technology to software vendors as part of its semi-integrated EMV services; Quick Chip and Mastercard Inc.’s similar M/Chip Fast service are designed to speed up EMV chip card transactions.

• Banking giant Wells Fargo & Co. added two new companies, ProxToMe and Uniken, to its Wells Fargo Startup Accelerator program that provides member firms with up to $500,000 in mentoring and guidance services for six months. ProxToMe provides proximity-based, Bluetooth-based authentication for the Internet of Things that can replace traditional card-based authentication. Uniken’s cybersecurity software aims to thwart credential compromises and man-in-the-middle attacks.

• Merchant processor Cayan introduced its Genius Mini semi-integrated mobile-payment product for tablet-based point-of-sale systems.

• Cybersecurity firm The Media Trust said it discovered malware that uses an overlay to steal credit card information and is affecting mid-tier e-commerce providers the United States, the United Kingdom, and India. The malware affects a range of industries including apparel, home goods, beauty, and sporting-event registrations, The Media Trust said.

• Payment hardware and software provider VeriFone Systems Inc. appointed Rowan Trollope, senior vice president and general manager of Internet of Things and applications for Cisco Systems, to its board of directors.

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