News

September, 2018

• 25 September

  Visa Begins a U.S. Contactless Payments Push Again. This Time the POS Hardware Is in Place

  

  It’s another go-around for contactless payments as Visa Inc. prepares an extensive campaign involving issuers, merchants, and consumers to push use of the payment method. The card brand on Tuesday debuted an infographic on contactless payments from across the globe, and touted the preparedness of the U.S. market for the …
• 25 September

  Fiserv Looks for Synergies in Its $690 Million Deal to Buy U.S. Bancorp’s Debit And ATM Assets

  

  U.S. Bancorp is selling its ATM managed-services and debit-servicing businesses to Fiserv Inc. for a price that the parties say is “approximately” $690 million. The assets Fiserv is acquiring, which are part of U.S. Bancorp’s Elan Financial Services unit, also include the MoneyPass surcharge-free ATM network, which links 33,000 machines …
• 25 September

  Paycosmos’ ‘ISO in a Box’ Launches and other Digital Transactions News briefs from 9/25/18

  

  Paycosmos, a provider of virtual and point-of-sale terminals, has teamed with payments provider linked2pay to launch “ISO in a Box,” a platform that offers sales agents support with acquiring and underwriting merchants and help with payments technology. Cashierless technology like that of Amazon Go will account for $45 billion in …
• 24 September

  Full PCI Compliance Drops for the First Time in Six Years, Verizon Reports

  

  Full compliance with the Payment Card Industry data-security standard dropped in 2017 for the first time in six years, according to a report released Tuesday by Verizon Communications Inc. New York City-based Verizon’s PCI-qualified security-assessment service, one of the largest in card-related security industry, says 52.5% of the organizations it …
• 24 September

  Does your POS make you money?

  

  As payment professionals, point of sale is frequently our toughest sell. Many factors play into the merchant’s purchasing decision, and price always seems to be a key influencer. It’s a fine balance between making money for your business while also discerning the true value of your solution’s purchase price. Does …
• 24 September

  PayPal Says It Is Shutting Down Payments for the Controversial Infowars Properties

  

  The payments business has become even more complicated than usual in recent years by politics, a point driven home on Friday when PayPal Holdings Inc. announced it will stop processing payments for the controversial Infowars Web site and related properties. “We do not take these actions lightly and we work …
• 24 September

  The PCI Council Will Take Further Comments on an Updated Point-to-Point Encryption Standard

  

  When security managers and executives gather this week for the PCI Security Standards Council’s annual North America Community Meeting, one of the topics sure to be on their minds is point-to-point encryption (P2PE) of payment card data. The Council reported Friday that it plans to issue a new version of …
• 21 September

  How iZettle Could Boost PayPal’s Long-Held Strategy to Embrace the Physical Point of Sale

  

  For years, PayPal Holdings Inc. has worked to expand its reach to physical merchants, and now, with the closing on Thursday of its $2.2 billion acquisition of Stockholm-based iZettle AB, the digital-payments company is taking a significant step in achieving that ambition. At a stroke, the acquisition brings to PayPal …
• 21 September

  Bay Area Transit Board To Consider a Big Fare Contract, but Open-Loop Payments Aren’t Included

  

  The San Francisco Bay Area’s Metropolitan Transportation Commission next week will consider a $461 million contract with Cubic Transportation Systems to modernize the Clipper fare-payment system used by 22 separate transit agencies in the region. The upgrade will retain the closed-loop Clipper card that uses near-field communication for contactless fare …
• 21 September

  Nxt-ID To Spin Off Payments Business and other Digital Transactions News briefs from 9/21/18

  

  Nxt-ID Inc. announced it will spin off its payments, authentication, and credential-management assets, including its FitPay unit, into a separate and independent company. It expects to complete the transaction by Nov. 15. Michael Orlando, currently chief operating officer at Nxt-ID and president of FitPay, will become chief executive of the …