Tuesday , March 31, 2020

Jim Daly

Jim Daly joined Digital Transactions in 2006 after covering payments and merchant acquiring at Thomson Media’s Credit Card Management, Credit Card News, and CardLine publications. Before that, he was a reporter and editor at the daily Leader-Telegram in Eau Claire, Wis.

Some Fraudsters Are Emphasizing Quality in Their Attacks, Security Firm Says

So-called sophisticated attacks monitored by Mastercard Inc. subsidiary NuData Security jumped 430% in late 2019, with fraudsters deploying more human-aided online attacks rather than fully automated ones in order to fool the defenders. Those findings come from NuData’s “2019: Fraud Risk at a Glance” report released Thursday. NuData is a …

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Square Raises Its Price for Instant and Same-Day Transfers to 1.5%

In its latest pricing change, Square Inc. disclosed Tuesday that it will raise the cost of instant and same-day transfers from its merchants’ Square balances to their bank accounts to 1.5% per transfer from the previous rate of 1%. The change, announced on Square’s blog, took effect Tuesday for new …

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Uber Adds Public-Transit Payment Option in Las Vegas

After rolling out access to public transportation fare payments on its app in Denver last year, ride-hailing leader Uber Technologies Inc. has added a similar service in Las Vegas. Fare-payment software provider Masabi Ltd. said late Monday that it along with the Regional Transportation Commission of Southern Nevada (RTC) and …

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Payment Stocks Sputtered Toward 2019’s End, but They Still Outperformed the Market for the Year

Payment-company stocks lost ground as a group in December and didn’t match the major market indexes in the fourth quarter, but they still bested the indexes for all of 2019, according to a new report. Twenty-six electronic-transaction processor stocks monitored by Chicago-based Barrington Research Associates Inc. posted a negative mean …

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Oklahoma’s Attorney General Says the State’s Credit Card Surcharge Ban Restricts Speech

Proponents of credit card surcharging have received a Christmas present in the form of an Oklahoma attorney general’s official opinion declaring the state’s no-surcharging law unconstitutionally restricts free speech. The development means surcharge bans remain in only four states. State Sen. Michael Brooks, D-Oklahoma City, asked Attorney General Mike Hunter …

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Eye on Data Breaches: Big C-Store Chain Hit; More Click2Gov Attacks

East Coast convenience-store and gas-station chain Wawa Inc. reported Thursday that it discovered malware on its payment-processing servers that may have affected all of its 850-plus locations. And at least two more municipalities using the Click2Gov online-payment platform recently have reported possible data compromises. Wawa, Pa.-based Wawa said it discovered …

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Green Dot Founder and CEO Steve Streit Is Retiring

Green Dot Corp. announced late Wednesday that company founder and chief executive Steven W. Streit is retiring. The prepaid card and banking services provider appointed William I. Jacobs, chairman of its board of directors, as interim CEO while it seeks a permanent successor. Streit will continue with the company for …

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Adyen Gets a Break Today With New McDonald’s Mobile-App Contract

Payment gateway Adyen N.V. reported Wednesday that fast-food giant McDonald’s Corp. picked it to handle payments generated on its mobile app in several markets, starting in the United Kingdom. Amsterdam-based Adyen, which has U.S. offices in San Francisco and New York, said in a statement “that it has entered into …

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Software Availability Proves To Be a Drag on Fuel-Pump EMV Upgrades

Upgrading gas pumps to accept EMV chip cards is a complex affair for convenience stores and gas stations that involves installing new card-reading hardware and software, testing, and certifications. Many fuel retailers are expected to miss next October’s automated fuel-dispenser liability shift, and software is proving to be one of …

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Eye on Gas Stations: Networks Reject Delay in EMV Liability Shift; Visa Warns of Malware Attacks

Gas stations and convenience stores won’t be getting an extension of the upcoming October 2020 fuel-pump EMV liability shifts, according to a merchant trade group. Meanwhile, Visa is warning of malware-based attacks against fuel retailers that invade their point-of-sale systems.  The major networks have set next October for pumps to …

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