Thursday , March 28, 2024

Green Dot Doubles 2Q Profit and other Digital Transactions News briefs

Prepaid card provider Green Dot Corp. reported that second-quarter net income more than doubled from a year earlier to $7.78 million on a 2% increase in operating revenues to $173.5 million. While Green Dot’s active card count of 4.28 million was down 11% from a year earlier, purchase volume increased 1% to $3.86 billion. Green Dot recently went through a proxy fight.

Two NCR Corp. researchers at the Black Hat USA conference in Las Vegas demonstrated how hackers could steal data from payment cards, even EMV chip cards, when a rogue device intercepts communications between a PIN pad and a merchant’s point-of-sale system. Such data thefts are possible because PIN pads often fail to authenticate POS systems, according to Dark Reading.com.

Payment processor 3Delta Systems Inc. said it has formed an alliance with JPMorgan Commerce Solutions to allow businesses to process card payments globally in more than 100 currencies.

Swych Inc., a mobile-gifting company, launched its iOS app that enables consumers to upload and convert physical gift cards into an electronic form and manage all of them.

TouchSuite, a unit of American Bancard LLC, announced that its Lightning Register point-of-sale software is now available on any Android device or the Poynt Co. Smart Terminal.

Casio America Inc. introduced QSR Version 2.0, point-of-sale software designed for use with Casio’s Android-based touch screen terminals.

Fleet-fueling card provider FleetCor Technologies Inc. said North American transactions increased 5.7% year over year in the second quarter to 411.6 million. About 76% of the 2016 transactions came from the SVS business that FleetCor acquired when it bought Comdata Inc. in November 2014.

The National Restaurant Association released “Mapping the Restaurant Technology Landscape,” a report that surveyed more than 500 restaurant operators. Among its findings is that limited-service restaurants have a significantly higher adoption rate of customer-facing technologies, such as online ordering, smart-phone apps, and mobile-payment acceptance.

An ABI Research report suggests the chip card makers will turn to new form factors as EMV chip card issuing stabilizes in the United States.

Check Also

Buying Groups Might—or Might Not—Give Merchants More Negotiating Power with the Card Networks

Card-acceptance costs and network rules weren’t the only subjects covered by the sweeping settlement revealed …

Digital Transactions