March 17, 2017
• Merchant acquirer Elavon Inc. has appointed Jamie Walker chief executive officer. A 16-year veteran of U.S. Bancorp, which owns the processor, Walker was most recently chief administrative officer of the bank's Payment Services division, and before that served as Elavon's chief financial officer.
• A blog post from data-security technology developer Trend Micro Inc. discusses a new malware variant called MajikPOS that apparently has been infecting some point-of-sale terminals in the U.S. and Canada since late January; terminals that read only magnetic-stripe cards are most vulnerable to the malware.
• Wellness Connection of Maine, which says it is the state's largest medical cannabis distributor, has introduced a mobile wallet called CanPay to allow members to pay for cannabis with a direct debit from their checking accounts using a single-use PIN. While cannabis is legal in 29 states, it remains illegal under federal law, restricting the availability of non-cash payment methods.
• Merchant processor CCBill LLC announced its services are now available through the PrestaShop Official Marketplace, a site for merchants to purchase e-commerce software and services.
• Authentication-services provider CardinalCommerce found that 36% of North American merchants surveyed in its fourth annual Consumer Authentication Survey, also sponsored by The Fraud Practice, used authentication technologies, up from 29% in 2016, but trailing the global rate of 41%.
• Credit-union services organization PSCU Inc. says it is investing in anti-fraud systems, including technology to combat the growing trend of fraudulent rewards-point redemptions, and is using Pindrop Security’s platform to fight call-center fraud.
• Virtual Piggy is changing its name to Rego Payment Architecture Inc. to reflect the company's decision to broaden its payment platform beyond serving the market made up of children under the age of 18. “Rego” is Latin for “to administer” or “to guide,” the company says.
• Petroleum Card Services, a specialist in payment processing for independent gas-station and convenience-store operators, has launched a new corporate Web site along with a new visual identity.
• WePay Inc. said it is enabling Apple Pay on the Web and Android Pay on the Web for use by customers of the online platforms for which it provides integrated-payments services. Client platforms include Constant Contact, GoFundMe, and Zoho.
• Digital River World Payments said it is working with First Data Corp.’s global acquiring platform to process in-country payments in Hong Kong, Singapore, and Australia.
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