Tuesday , November 19, 2019

ATMs

Discover Contactless Cards Coming and other Digital Transactions News briefs from 11/4/19

Discover Financial Services said it will begin issuing contactless cards over the next several months, starting first this month with holders of Discover it and Discover More cards who need cards reissued or replaced. New cardholders will get contactless cards beginning in December.ACI Worldwide expanded its long-term relationship with ATM network operator …

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How Cash-Out Attacks Are Becoming the Next Big Worry for ATM Operators

Payments executives are starting to go public with concerns about a growing type of ATM fraud called the cash-out attack. Unlike the well-known, single-machine attack known as jackpotting, cash-out frauds allow criminals to gain access to multiple machines simultaneously at the network level. They then employ accomplices to visit these …

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Cardtronics Experiences Revenue Increase and other Digital Transactions News briefs from 10/31/19

ATM network operator Cardtronics plc reported revenues of $351.5 million for the quarter ended Sept. 30, up 3% year-over-year. ATM operating revenues totaled $333.4 million, up 1%. The company reported agreements in the quarter to place more than 1,000 ATMs, as well as a renewal and expansion of its agreement with leading …

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Discover’s Payment Volume Increases 7% and other Digital Transactions News briefs from 10/23/19

Discover Financial Services reported its Payment Services unit, which includes activity on the Pulse electronic funds transfer network, on Diners Club cards, and with network partners, recorded $62.6 billion in volume in the third quarter, up 7% year-over-year. Volume on Pulse alone increased 5% to $47.5 billion. With Discover network proprietary …

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Eye on Crypto: Moving Beyond Bitcoin ATMs; Fighting ‘Tribalism’ on the Blockchain

Facebook Inc. and its proposed Libra cryptocurrency may have stolen the headlines lately, but in the background companies are working to make cryptocurrency like Bitcoin easier to buy and sell by deploying specialized kiosks and simplifying what can seem to outsiders a quite abstruse payment process. One of the most …

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NCR Acquires POS System Provider and other Digital Transactions News briefs from 10/7/19

NCR Corp. said it acquired Anderson, Ind.-based Midwest POS Solutions Inc., a point-of-sale systems provider serving 1,000 restaurants in Indiana and Kentucky. Midwest POS was one of the first dealers of the NCR Aloha POS system for restaurants. Terms of the deal were not disclosed.ATM security specialist TMD Security launched One Touch Access, …

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ATM Deployers’ Suit Against Visa and Mastercard Resumes With Class-Certification Request

One of the longest-running antitrust lawsuits in the payments industry is getting into gear again with a new request by independent ATM deployers for class certification in their action against Visa Inc. and Mastercard Inc. The National ATM Council Inc. (NAC) trade group and 13 ATM independent sales organizations originally …

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PayPal Fined in iZettle Deal and other Digital Transactions News briefs from 9/25/19

The United Kingdom’s Competition and Markets Authority fined PayPal Holdings Inc. £250,000 ($309,700) in connection with PayPal’s $2.2 billion acquisition of Sweden-based processor iZettle AB last year; the regulator said PayPal violated an order not to integrate its U.K. business with iZettle during an investigation by cross-selling services to U.K. consumers. PayPal said it …

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The U.S. ATM at Age 50 Puts the Spotlight on the Future Role of Cash

The ATM made its U.S. debut 50 years ago, and a half-century later the future of cash and cash-dependent industries like ATMs is the subject of intense debate in industry forums and at city halls and state capitols. Chemical Bank, now part of JPMorgan Chase & Co., installed the first …

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Shift4’s New Tableside Device and other Digital Transactions News briefs from 8/26/19

Shift4 Payments LLC released Tableside, a new order- and pay-at-the table point-of-sale device. Tableside integrates with multiple Shift4 POS systems, including Harbortouch, Restaurant Manager, Future POS, and POSitouch. Additional integrations are expected.Payment Alliance International said it acquired ATM operator Eclipse Cash Systems for an undisclosed amount. Eclipse operates more than 15,000 ATMs, …

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