- Unattended-payments specialist USA Technologies Inc. announced that vending-machine operator Jackson Brothers of the South is upgrading an additional 750 machines to accept cashless payments. When completed, the expansion will mean all 1,000 Jackson Brother machines will accept cashless transactions such as Android Pay and Apple Pay in addition to traditional credit and debit cards and cash.
- Smart-card maker Gemalto N.V. debuted an EMV dual-interface card that uses fingerprint recognition instead of a PIN for authentication. Gemalto, which is being purchased by Thales S.A. for $5.66 billion, said the card does not require a battery because the biometric reader is powered by the payment terminals. The Bank of Cyprus is the first issuer.
- Payments provider CheckAlt LLC named Simone Myers, a CheckAlt veteran, head of its Eras Operations group. The company also named Karl Cherry, who previously worked at Fiserv, as leader of its Product and Development groups. In a third move, CheckAlt named Tamir Shafer, who has worked at Goldman Sachs and Lehman Brothers, to head its Client Delivery group.
A $6.2 Billion Pact May Be Only a Prelude to Difficult Haggling Ahead for Merchants And the Card Networks
Visa Inc. and Mastercard Inc. announced early Tuesday that they and defendant banks have agreed …