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Less Cash Use Triggers ATM Contract Re-Bid and other Digital Transactions News briefs
August 9, 2017

• Declining use of cash at Atlanta's Hartsfield-Jackson International Airport has prompted the Atlanta City Council to re-bid a contract for banking services at the world's busiest airport after only one bank, SunTrust, responded to the original proposal, the Atlanta Journal-Constitution reported. The incumbent, Wells Fargo, claims ATM revenues have declined and that its airport service is unprofitable.

International processor Planet Payment Inc. said it is exploring "strategic alternatives" that could include a sale of the company. Separately, the company reported second-quarter financial results that include a 4.5% year-over-year revenue decline to $12.5 million, but net income increased 54% to $1.97 million.

Mitek Systems Inc., developer of software for mobile remote deposit capture and identity verification, added near-field communication capabilities to its Mobile Verify application, enabling it to read biometric data embedded on radio frequency identification chips. With NFC, authentication can occur by touching a document, such as a passport with an RFID chip, to a smart phone, Mitek said.

Glance Technologies Inc. said the Best Western Plus Sands Hotel in downtown Vancouver, British Columbia, has agreed to allow guests to pay for room service using Glance Pay Anywhere, a mobile-payments app.

Payments-technology provider MagTek Inc. announced a partnership with DishOut LLC, a stored-value payments company, to offer a toolkit for faster mobile-payment offerings. MagTek also announced that Tray, a point-of-sale software developer for restaurants and retail, will use its Magensa Payment Protection Gateway. In product news, MagTek released the kDynamo, a tablet case with a built-in card reader. The company also launched the Dynasty, a mobile point-of-sale device.

The ATMIA, a trade association for ATM operators, published a blueprint for the next generation of ATMs.

The chips in EMV credit and debit cards can fall out of the plastic card, creating a data-security risk if fraudsters obtain loose chips, WLS, the ABC television affiliate in Chicago, reported.

TerraPay, a London-based company that claims it is the "world's first mobile-payments switch," said it has approval from the Bank of Uganda to send money transfers to mobile wallets in that country.

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