Debit Cards

Processor Fidelity National Information Services Inc. (FIS) announced it has integrated IBM Corp.’s Safer Payments tool for its peer-to-peer payments products. Safer Payments relies on artificial intelligence and machine learning to sift through transactions for signs of fraud.Catch Hospitality Group, which operates the Catch NYC and Catch Steak restaurants, said it discovered malware on …

In recent years, independent sales organizations and payment processors have generated plenty of lucrative business by working with software developers and marketers—businesses usually known as independent software vendors, or ISVs. But now a report indicates the software market is getting increasingly crowded, a development ISVs fear is pressuring prices. It’s …

The Church’s Chicken restaurant chain said it is investigating a possible breach of credit and debit card data at about 165 company-owned locations in 11 states. The company, which said it is working with federal authorities, has hired a cybersecurity firm and has notified the card networks and credit-reporting agencies.Recurring household bills …

Newtek Business Services Corp., a provider of loans, merchant processing, and other services for small businesses, acquired a 51% stake in POS on Cloud, developer of payments and business-management systems for restaurants, retailers, assisted-living providers, and parks and golf courses.Fidelity National Information Services Inc. (FIS) said Eyefinity, a software developer for …

The trend toward faster payments involves several dimensions, one of which is faster card delivery to a wide array of sponsors and users who until now had little or no access to cards branded by a global network. Galileo Financial Technologies Inc. said Thursday it’s offering that capability with an …

A leading credit-union service organization reported Wednesday that it has distributed half a million contactless payment cards through some of its members, and Mastercard Inc. has paired up with a French investment firm with an eye on bringing new fare technology to mass-transit systems. St. Petersburg, Fla.-based PSCU says it …

Chargebacks911, a dispute-mitigation and risk-management provider, said Santa Barbara, Calif., has the highest rate of fraudulent credit card chargebacks at 6.79%, followed by Paradise Valley, Ariz., 6.73%, and La Mirada, Calif., 6.68%. Other top 10 cites are listed in the company’s chargeback study, the second since 2014.Mobile-shopping and -payments app …

Confirming rumors that the Federal Trade Commission is looking into issues involving debit card transaction routing, Visa Inc. late last week reported the Federal Trade Commission has asked it to voluntarily provide information about its routing practices. In a brief notice in its fiscal 2019 report to the Securities and …

Checkers Drive-in Restaurants Inc., which in May said malware had affected certain of its Checkers and Rally’s locations, said it is aware the malware had affected one more Checkers and Rally’s location and also that the malware had been re-installed at “several” locations the company had previously identified as affected. The company …

U.S. Rep. Chuy Garcia (D-Ill.) planned this week to introduce bills that would bar tech firms from developing their own cryptocurrencies and make it more difficult for non-financial firms to obtain charters for industrial-loan corporations, a form of a bank, according to Politico. Garcia’s office did not immediately respond to a request …