News

September, 2013

• 24 September

  Make Payments Faster, And Stop Trying to Start New Networks, Fed Conference Speakers Say

  When it comes to payments, the United States might be considered the land of the gap, according to a Federal Reserve assessment issued earlier this month. The assessment is the first of a three-part research study aimed at spurring the modernization of U.S. electronic payments, which many public-sector researchers and …
• 20 September

  Phishing Attacks Drop, But Brand Targets Soar As Phishers Cast More Lines

  Phishers are casting their lines at more brands in hopes of luring Internet users into divulging data that they can use fraudulently, according to a new study from the Anti-Phishing Working Group (APWG). According to the study, which covers the first half of 2013, criminals targeted 720 brands, up almost …
• 19 September

  Another Google Wallet Breakthrough: an App for Apple’s Popular iPhone

  By Jim Daly In its second major Google Wallet announcement of the week, search-engine giant Google Inc. today said it is bringing the digital wallet for the first time to Apple Inc.’s iPhone, a move that opens the wallet to tens of millions of potential new users. And like Tuesday’s …
• 19 September

  Chirpify’s New Service Extends Hashtags Beyond Social Media for Payments

  Social-media payments specialist Chirpify on Thursday introduced a service that lets marketers promote hashtags on a wide variety of media to solicit purchases. The so-called action tags can appear on TV or radio commercials, in print advertising, or on billboards and then be used on Twitter, Facebook, or Instagram, the …
• 19 September

  As Biometrics Picks up Steam, Jumio Adds Facial Recognition to ID Verification

  With static passwords losing more and more effectiveness  as an authentication method, biometric identification is regaining momentum after years on the sidelines. A recent major example of this resurgence is Apple Inc.’s introduction this month of its new iPhone 5S, which features a fingerprint sensor to unlock the device. The …
• 17 September

  New Google Wallet Plays Up Loyalty And P2P Payments, Downplays NFC

  Google Inc. on Tuesday unveiled a new mobile app for its Google Wallet that emphasizes the wallet’s loyalty and person-to-person payments features that in the past had taken a back seat to its point-of-sale payment capability based on near-field communication (NFC) technology. The app is now available to all smart …
• 16 September

  Revel Systems Launches Tablet POS for Concession Sales at Sports Stadiums

  Tablet computers, which have invaded restaurants and retail stores since the introduction of Apple Inc.’s iPad three years ago, have now begun to see action at sports stadiums. Alabama State University’s newly built stadium on Aug. 31 became the first such arena to use the iPad for concession sales, according …
• 13 September

  Report: Acquiring Will Boast Robust Growth, But ISOs Must Change Tactics to Cash in

  By John Stewart n The good news for merchant processors is that the U.S. acquiring market will turn in a robust performance over the next five years, growing at an average annual rate of 10.5%. The bad news, at least for acquirers that remain wedded to conventional terminals and conventional …
• 11 September

  Xoom Raises Extra Cash And Pleases Wall Street With a Post-IPO Stock Sale

  Investors may be disappointed with Apple Inc. in the wake of that tech giant’s introduction of two new iPhone models, but they’re plenty happy with digital wire-transfer company Xoom Corp. San Francisco-based Xoom on Tuesday raised $85.6 million in a new stock offering, about $20 million more than it expected …
• 10 September

  Hearing Will Be a Milestone in Interchange Litigation, But Maybe Not the End

    Eight years from their genesis, the lawsuits challenging bank card interchange now collectively known as MDL 1720 are scheduled to reach a milestone Thursday when U.S. District Judge John Gleeson convenes a so-called fairness hearing in his Brooklyn, N.Y., courtroom. The hearing’s purpose is for Gleeson to determine whether …