Tuesday , June 18, 2019

Breaking News

Another Major Deal Could Be on the Horizon As News Emerges of TSYS-Global Payments Talks

A potential merger, joint venture, or partnership may be in the offing for Global Payments Inc. and Total System Services Inc. (TSYS). The two merchant-processing powerhouses have held preliminary discussions about a combination of some sort, according to a report late Thursday by Bloomberg.com. In addition to traditional merchant processing, …

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Carr Settles SEC Insider-Trading Lawsuit for $251,000

Former Heartland Payment Systems Inc. chief executive Robert O. Carr has agreed to pay a $250,628 civil penalty to settle an insider-trading complaint filed by the Securities and Exchange Commission, according to court documents filed this week. Carr did not admit or deny the SEC’s allegations, according to filings in …

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Zelle Posts $39 billion in P2P Payments on a 72% Transaction Increase

The bank-sponsored Zelle person-to-person payment service continued on its growth trajectory in the first quarter, with transaction volume up more than 70% and payment volume rising more than 50%. Zelle provider Early Warning Services LLC reported Wednesday that first-quarter payment volume hit $39 billion, a 54% increase from just over …

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How an Old Standard Could Trip Up a New Generation of Contactless Payments

The surprising revelation by J.C. Penney Co. Inc. over the weekend that it had ceased acceptance of contactless payments unmasked the little-noticed ability of contactless mobile wallets to work with point-of-sale technology that far predates them but which Visa Inc. wants banished. The blend of old and new has worked …

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The Extortionists Behind Ransomware Are Demanding Dramatically Higher Sums

Not all security breaches are designed to steal data. Instead, an increasing number these days are programmed to hold data hostage. And the sums demanded by the malefactors behind so-called ransomware attacks are rising fast. The average ransom in the first quarter came to $12,762, up 89% just from the …

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