• ATM network operator Cardtronics plc announced it plans to buy Canadian ATM operator DirectCash Payments Inc. (DCPayments) for $460 million; DC Payments operates 25,000 ATMs and will give Cardtronics its first presence in Australia and New Zealand and expand its operations in Canada, the United Kingdom, and Mexico. • …
Read More »A 20-Day Reprieve: MasterCard’s ATM EMV Liability Shift Date is Oct. 21, Not Oct. 1
By Kevin Woodward@DTPaymentNews ATM operators wondering if their machines will be compliant with MasterCard Inc.’s EMV protocols by Saturday, Oct. 1, now have a little more breathing room. MasterCard confirmed to Digital Transactions News Friday that the date, widely thought to be Saturday, is actually Oct. 21. While the Oct. …
Read More »ACI and VocaLink in Faster Payments Deal and other Digital Transactions News briefs
• Processor Fiserv Inc. said ATM services provider FCTI Inc., a U.S. affiliate of convenience-store giant 7-Eleven Inc.’s Japan-based parent company, picked it to provide transaction processing for 7-Eleven’s nearly 8,000 U.S. ATMs when FCTI takes over the portfolio next July from Cardtronics plc. • Payment technology provider ACI Worldwide …
Read More »MasterCard Faces U.K. Fees Lawsuit and other Digital Transactions News briefs
• A consumer class-action lawsuit filed by the United Kingdom government’s former financial-services ombudsman against MasterCard Inc. seeks 14 billion pounds ($18.6 billion) in damages for allegedly charging excessive merchant fees between 1992 and 2008, expenses merchants passed on to consumers. In a statement, MasterCard said it “firmly” disagrees with …
Read More »EMV Spurs Independent ATM Deployers’ Push for Variable Surcharges
By Jim Daly@DTPaymentNews The ATM Industry Association on Monday issued a position paper that once again calls for freedom for deployers to set variable surcharges. The Sioux Falls, S.D.-based trade group took that stance a decade ago, but the coming of EMV chip cards to the U.S. makes the surcharging …
Read More »Next-Generation Payments Tech Evaluated and other Digital Transactions News briefs
• A variety of financial-services firms, including MasterCard Inc., SWIFT, and Visa Inc., participated in a 130-page report released Friday by the World Economic Forum that concludes “distributed-ledger technology will form the foundation of next-generation financial services infrastructure in conjunction with other existing and emerging technologies.” • M&T Bank announced …
Read More »Oberthur Touts 5-Day EMV Card Production and other Digital Transactions News briefs
• A status conference in the massive credit card interchange case known as MDL 1720 is set for Thursday in U.S. District Court in Brooklyn, N.Y., in the wake of the $5.7 billion settlement in the case being overturned by an appellate court June 30. The case is returning to …
Read More »FIS Cardless Cash Service Coming to 70,000 Payment Alliance International ATMs
Look for cardless cash access at more ATMs in coming months. Fidelity National Information Services Inc. (FIS) and Payment Alliance International Inc. plan to bring the FIS Cardless Cash service to more than 70,000 PAI ATMs. The deal, announced Friday, will significantly expand the number of participating machines from the …
Read More »FIS Cardless Cash Coming to 70,000 ATMs and other Digital Transactions News briefs
• Fidelity National Information Services Inc. (FIS) announced it is supplying its FIS Cardless Cash ATM service to cash dispensers operated by Payment Alliance International. Ultimately, the service will include 70,000 ATMs in the PAI ATM network. • The United Kingdom’s Competition Appeal Tribunal ruled that Mastercard Inc. must pay approximately …
Read More »Supreme Court Agrees to Appeal in ATM Lawsuit and other Digital Transactions News briefs
• Grocery store giant The Kroger Co. filed a federal lawsuit against Visa Inc. accusing the card network of trying to force it to allow customers to verify EMV debit card purchases with signatures, and thereby route transactions to the Visa network, rather than with PINs as Kroger prefers, The …
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