News

July, 2016

• 11 July

  The NRF Says Many EMV-Ready Retailers Are Waiting Months for Needed Certifications

  

  A new National Retail Federation survey found that 57% of retailers that had installed EMV chip card terminals in their stores claim they’ve been waiting for up to six months or even longer to get their equipment certified. Conducted in May and June, the survey also found that 48% of respondents …
• 11 July

  Seamless Mobile Wallet Adds NFC Support and other Digital Transactions News briefs

  • Early Warning Services LLC said the three latest banks to start offering real-time person-to-person payments on its clearXchange network are Capital One, Chase, and Wells Fargo. ClearXchange members Bank of America and U.S. Bank had already introduced the service. As things stand, Chase customers can send and receive payments …
• 11 July

  In Acquiring, a Slow Pace of Change Masks Rapid Run-up in Growth for Newer Models

  

  The acquiring business is accustomed to a slow rate of change, but that deliberate pace is masking radical underlying shifts in how merchants handle payments and whom they deal with for processing services, according to research at First Annapolis Consulting, Annapolis, Md. Change comes so slowly in this business that …
• 8 July

  Rosie Looks to Add EBT And PayPal to Its Shopping App As Another Grocer Signs Up

  

  A central Illinois grocery-store chain will expand online and add mobile payments beginning this fall. The service enables consumers to use credit and debit cards along with electronic benefits transfer cards to pay for orders, says Ithaca, N.Y.-based Rosie Applications Inc., the vendor providing the technology. The move by Quincy, …
• 8 July

  Wendy’s Data Breach Affected 1,000 Locations and other Digital Transactions News briefs

  • A payment card data breach reported in May by the hamburger chain Wendy’s Co. was much more extensive than originally thought, the company said Thursday, according to Reuters. Wendy’s now says the breach affected approximately 1,025 stores, or about 18% of the company’s U.S. and Canadian units. In May, …
• 7 July

  With Acquirers in M&A Crosshairs, Rumors Surface That Moneris’s U.S. Arm Is in Play

  Moneris Solutions USA, the U.S. arm of Canada-based Moneris Solutions Corp., appears to have suitors, according to a recent Bloomberg.com report. Moneris is a joint venture between RBC Financial Group and BMO Bank of Montreal. Bloomberg.com reports that merchant processor Vantiv Inc. and Warburg Pincus LLC, a New York-based private …
• 7 July

  Former MasterCard Exec To Take on UniRush Helm and other Digital Transactions News briefs

  • ATM network operator Cardtronics plc announced organizational changes that include chief financial officer Edward H. West taking on the additional role of chief operations officer and North American Business Group president David Dove leaving the company later this year. Jonathan Simpson-Dent, who had been managing director of Cardtronics Europe, …
• 6 July

  Pricing Gravity Likely Grounded U.S. Bank’s Real-Time P2P Payments Fee

  

  U.S. Bank tried, but it couldn’t make its $6.95 fee for real-time person-to-person payments stick. The nation’s fifth-largest bank by assets disclosed Wednesday that such payments are now free. The Minneapolis-based bank says it was the first to go live with real-time payments over the bank-developed clearXchange P2P payments network, …
• 6 July

  Wal-Mart Completes Its Rollout of Walmart Pay to All 4,000-Plus U.S. Stores

  

  Wal-Mart Stores Inc. on Wednesday announced its Walmart Pay mobile wallet is now available in all of its 4,612 U.S. stores in all 50 states. The rollout’s completion comes about seven months after the Bentonville, Ark.-based retailing behemoth introduced the product and about 10 weeks after first making the app …
• 6 July

  Jack Henry’s Executive Changes and other Digital Transactions News briefs

  • U.S. Bank said customers can now make free, real-time person-to-person payments via Early Warning Services LLC’s clearXchange network; the bank charged a $6.95 fee for real-time payments when it went live on clearXchange earlier this year. • Processor Jack Henry & Associates Inc. announced top-level executive changes with president …