In the wake of a major European outage for Visa Inc. this spring, major U.K. banks reported they had sustained a total of 80 “operational and security incidents” within their payments systems during the second quarter of 2018. British regulators this week began requiring banks to publicly disclose major incidents …
Read More »VeriFone Notes Australia Post Deal and other Digital Transactions News briefs from 8/16/18
Shell Oil Co. and General Motors Inc. announced Shell stations across the United States now accept in-dash fuel payments following tests earlier this year. Shell Pay & Save, available within the GM Marketplace on certain Chevrolet, Buick, GMC, and Cadillac vehicles, enables consumers to pay for fuel and earn and …
Read More »Cardlytics’s Revenue Increases 21% and other Digital Transactions News briefs from 8/15/18
Paysafe Group said it is rebranding merchant acquirer iPayment Holdings Inc. as Paysafe “with immediate effect.” Paysafe acquired iPayment this spring for undisclosed terms. Rewards platform provider Cardlytics Inc. said revenue from Cardlytics Direct, the company’s primary product, hit $35.1 million in the second quarter, up 21% from a year …
Read More »Citcon in Mall of America Deal and other Digital Transactions News briefs from 8/14/18
Citcon USA LLC, a cross-border mobile-payment and marketing company, said its service will be enabled at various Mall of America merchandise shops and guest services and in the Nickelodeon Universe theme park inside the Bloomington, Minn., mall. Citcon’s service enables Chinese tourists to find merchants that accept Alipay and WeChat Pay. …
Read More »FBI Issues ATM Warning and other Digital Transactions News briefs
The FBI privately warned banks on Friday that cybercriminals are preparing a big “ATM cashout” operation, a choreographed global scheme in which fraudsters hack a bank or payment processor, plant malware that attempts to disable banks’ ATM withdrawal limits and related transaction controls, and use cloned payment cards to withdraw potentially …
Read More »i3 Verticals Reports $84.5 Million in Revenue and other Digital Transactions News briefs from 8/10/18
Payments provider i3 Verticals Inc. reported revenue of $84.5 million in its fiscal third quarter ended June 30, a 27.5% increase from $66.3 million a year ago. It had a loss of $655,000, compared with net income of $887,000 last year. This marks the first earnings results for the company …
Read More »57% of In-Store Transactions Are Chip-on-Chip and other Digital Transactions News briefs from 8/9/18
Citing data from the global payment card networks, the U.S. Payments Forum reported in its latest update on the conversion from magnetic-stripe to EMV chip card payments that approximately 57% of in-store card transactions are now “chip-on-chip,” meaning an EMV point-of-sale terminal read an EMV card. Also, acceptance of contact …
Read More »GM Enables More In-Car Payments Options and other Digital Transactions News briefs from 8/8/18
Flow, a cross-border e-commerce platform, has added a cryptocurrency option through an arrangement with BitPay, a cryptocurrency exchange. Through a so-called marketplace update, General Motors Co. is enabling in-dash fuel payments in select Buick models at Exxon Mobil stations. The capability is expected to come to other GM makes, 2017 …
Read More »Worldnet TPS Adopts Quickchip Tech and other Digital Transactions News briefs from 8/7/18
Payments-systems provider Worldnet TPS Ltd. said it has integrated Quickchip technology into its GoChip line of point-of-sale products to enable one-second EMV chip card transactions. Payments provider Shift4 Payments Inc. launched a management solution called Lighthouse Business Management System for clients using Shift4’s point-of-sale and payment-processing products. The new service …
Read More »Worldpay Extends POS Software Agreement and other Digital Transactions News briefs from 8/6/18
NRT Technology Corp. and Sightline Payments LLC, which are expected to merge and become NRT Sightline, announced its Connect+ payment gateway is being used by Hard Rock International for its recently launched online casino in New Jersey. Payments processor Worldpay Inc. extended for four years an agreement with CRS Texas, …
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