Point-of-sale

July, 2022

• 22 July

  The Price of Malware? Just $10

  

  The proliferation of plug-and-play software has revolutionized the computing experience, mostly for good. But bad actors, too, are able to take advantage of the plug-and-play experience and purchase malware kits that require little to no coding expertise, which can retail for less than $10, according to a new report from …
• 22 July

  Predators Pick Celero and other Digital Transactions News briefs from 7/22/22

  

  Payments provider Celero Commerce announced it is the preferred processor for the Nashville Predators of the National Hockey League.Datacap Systems Inc. and PAX Technology Inc. announced an integration partnership. Datatcap’s software is now certified on multiple PAX devices.Payments provider ACI Worldwide Inc. extended an agreement with analytics firm IR for real-time transaction monitoring.Marriott International announced …
• 21 July

  Visa Founder Dee Hock Forged a Network Giant Out of a Collection of Squabbling Banks

  

  Dee Hock, who died Saturday at 93, may not have single-handedly founded the modern electronic payments industry, but he came closer than anyone else to claiming that mantle. He is widely credited as the force that harnessed a widely varied collection of banks to start the credit card system that …
• 21 July

  Discover’s Payment Volume Rises 10%, but Pulse Treads Water

  

  Discover Financial Services saw its overall dollar volume increase 10% year-over-year in the second quarter despite a flat performance by Discover’s Pulse debit network. Riverwoods, Ill.-based Discover said late Wednesday that total payment volume in the quarter ended June 30 was $138.7 billion versus $125.6 billion in the year-earlier period. …
• 21 July

  ACH-Based Dutchie Pay Debuts And Other Digital Transactions News briefs from 7/21/22

  

  Dutchie, a provider of commerce technology for cannabis businesses, launched Dutchie Pay, which allows consumers to pay online with transactions handled on the automated clearing house network.One Inc announced Harford Mutual Insurance Group has adopted its ClaimsPay service to process claims payments digitally.The fintech Airwallex said it has launched its Online Payments App …
• 20 July

  Its Stock Battered, NCR Is Reportedly Mulling a Leveraged Buyout

  

  NCR Corp., a publicly traded banking and payments equipment manufacturer and software provider, could go private if rumors of a pending leveraged buyout prove true. The Wall Street Journal reported Tuesday that NCR was in exclusive talks with the private-equity firm Veritas Capital about a possible acquisition. The report noted …
• 20 July

  2.3% of Online Crime is Card Fraud And Other Digital Transactions News briefs from 7/20/22

  

  Authentication provider Veriff said an analysis of Google search data, a survey of 1,000 U.S. adults, and the FBI’s Internet Crime Report 2021 data found that credit card fraud accounted for 2.3% of all reported online crimes. Phishing and its variations had the highest rate of 44.76%.Payments provider Lightspeed Commerce Inc. said it has …
• 19 July

  MX Introduces Processor Tokens to Enhance Open Banking

  

  In a move to streamline money movement and financial account openings for consumers, open-banking network MX Technologies Inc. on Tuesday unveiled what it calls MXapi Processor Tokens. MX enables fintechs to access consumer financial data, and helps its clients turn raw data into usable form. Token-based application programming interfaces (APIs) …
• 19 July

  Apple Sued Over Apple Pay Fees And Other Digital Transactions News briefs from 7/19/22

  

  A class of card issuers is suing Apple Inc., alleging they pay $1 billion in fees annually for inclusion in the technology company’s Apple Pay mobile wallet, while Apple maintains a monopoly on contactless payments at the point of sale for iOS devices. Filed in the U.S. District Court for the …
• 18 July

  Purchase Volumes And Interchange Revenues Rise for Private-Label Card Giant Synchrony

  

  Fresh off the introduction of its buy now, pay later product, the big private-label and cobranded credit card issuer Synchrony Financial on Monday reported that strong consumer spending in the second quarter boosted its purchase volumes and interchange income. Stamford, Conn.-based Synchrony said total purchase volume hit $47.2 billion for …