Digital Currency

Enthusiasts of Bitcoin and other cryptocurrencies are trying to position the digital currencies as legitimate means of exchange, but crypto’s tendency to be stolen and then laundered by thieves is not only well-known, it’s growing worse. The total estimated value of cryptocurrency pilfered from exchanges worldwide came to almost $800 …

The latest findings from a long-running survey of consumers’ payment choices show that new technology is driving a growing number of transactions, but overall usage patterns for credit cards, debit cards, and cash remain stable. The simultaneously released 2016 and 2017 Surveys of Consumer Payment Choice from the Federal Reserve …

Payments-technology provider Bluefin Payment Systems said NCR Corp. is using Bluefin’s point-to-point encryption service at merchants deploying NCR’s Counterpoint Retail Solution to process payments through NCR Secure Pay. Payments provider Merchant Consulting Group, which was founded in 2005, changed its name to Paystri. Credit-union processor PSCU said its new Lumin …

It has been a busy week in the cryptocurrency business. On Thursday, technology vendor Fit Pay Inc. announced it is closer to shipping a contactless coin-shaped device called Flip that allows consumers to convert their Bitcoin to U.S. dollars so they can make purchases. Earlier, news emerged that the online …

Captiva MVP Restaurant Partners LLC, operator of the PDQ fast-casual chain, reported that a hacker accessed its computer system through a technology vendor’s “remote connection tool” and may have compromised an undisclosed quantity of payment card numbers, cardholder names, expiration dates, and verification values. The breach, which affected all but three …

Payments observers wondering when, and where, blockchain technology would take hold may want to pay close attention to cross-border remittances. Alipay Payment Services (HK) Ltd. said on Monday that it has launched a mobile-wallet based money-transfer service between Hong Kong and the Philippines using a blockchain backbone. The service, which …

VyStar Credit Union joined the Cardtronics plc network, enabling its members to have fee-free access at more than 20,000 Cardtronics ATMs. ATM operator Prineta LLC said it is the new ATM vendor at the Renaissance Columbus Westerville-Polaris Hotel in Columbus, Ohio. Payments provider Worldnet TPS Ltd. said it has completed …

Payment gateway Merchant Link said the Agilsys rGuest Pay v1.6 software for the hospitality industry is approved as a certified interface on Merchant Link’s network. Agilysis develops software for the hospitality industry. Payment gateway USAePay said the cash-discount program from Paradise POS, developer of iOS-based point-of-sale software, will be available …

JetPay Corp. said Personify Inc., a technology provider for non-profits, has integrated JetPay’s payment-processing platform into its Personify360 system for managing memberships and business functions. In its first-ever fee change, online marketplace Etsy Inc. said it will increase its transaction fee to 5% on July 16 from the current 3.5%. …

The cryptocurrency market suddenly turned bearish over the weekend, with price drops Sunday among the top 10 coins ranging from 6% to 16%. Overall, the total market capitalization of more than 1,600 currencies tracked by Coinmarketcap.com stood at $296.3 billion Monday morning, compared to $339.4 billion around noon on Saturday, …