Wednesday , November 25, 2020

AmEx Extends Fuel-Pump EMV Liability Shift Date and other Digital Transactions News briefs from 5/5/20

  • American Express Co. tells Digital Transactions News that it is postponing its EMV liability shift for automated fuel dispensers by six months, until April 16, 2021. The move comes four days after Visa Inc., citing the problems created by the Covid-19 pandemic, notified the fuel-retailing industry that it was postponing its October 2020 EMV liability shift until April 17 of next year. “We have been speaking with fuel retailers and understand the challenges they are now facing in upgrading their AFD terminals because of the Covid-19 global health crisis,” an AmEx spokesperson tells Digital Transactions News by email. “To aid them, we are extending the deadline to April 16, 2021.” Mastercard Inc. and Discover Financial Services did not respond to Digital Transactions News inquiries Tuesday morning about whether their scheduled October fuel-pump liability shift dates will be changed.
  • ATM and banking and payment hardware and software provider Diebold Nixdorf Inc. reported first-quarter revenues of $910.7 million, down 11.4% from $1.03 billion a year earlier, in line with management expectations. The company posted a net loss of $93.4 million, an improvement from the $131.9 million loss in 2019’s first quarter.
  • Marriott International Inc. said amendments to cobrand card agreements with JPMorgan Chase & Co. and American Express Co. will provide the hotelier with $920 million in cash, with $570 million coming from Chase and $350 million from AmEx.
  • Some 46% of U.S. consumers said they have been victimized by card fraud. Twenty percent said they had been victimized within the last 12 months, according to a survey by Marqeta Inc., a card-issuing technology provider. The survey canvassed 4,000 consumers in the United States and United Kingdom.
  • Core processor Jack Henry & Associates Inc. said “the financial and operational impact [of Covid-19] on our business has been limited.” For the March quarter, the company reported $429.4 million of revenue, up 13% year-over-year.
  • Five-year-old startup Autobooks LLC launched Get Paid With Autobooks, a service that allows small businesses to enroll with the company to receive card and automated clearing house payments online in their existing checking accounts at banks. The company said it is waiving fees on the service through 2020 in recognition of the pressures on small businesses from the Covid-19 pandemic.
  • Merchants using the Worldpay Hosted Payment Page service can now accept Google Pay for express checkout on their e-commerce sites, said Fidelity National Information Services Inc. (FIS), Worldpay’s parent company.
  • Former Total System Services Inc. (TSYS) and Global Payments Inc. executive Annie H. Kirkland was named vice president of solution design at Ubiquity Global Services Inc., a business process outsourcer.
  • Discover Financial Services appointed Thomas Maheras, managing partner of Tegean Capital Management LLC, chairman of its board of directors. Maheras replaces Lawrence Weinbach, who died unexpectedly on Friday at age 80.

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