Point-of-sale

November, 2019

• 27 November

  Smart Phones in Hand, Consumers Prep for a Busy Holiday Shopping Season

  

  Expect more consumers to wield their smart phones for their holiday shopping this year. Fully 70% of consumers in the Deloitte 2019 Holiday Retail Survey plan to make a holiday purchase using a smart phone. That’s up from 67% in 2018 and from 59% in 2017. A separate Visa Inc. …
• 27 November

  Stolen Card Data Shows up in Joker’s Stash and other Digital Transactions News briefs from 11/27/19

  

  Customer data from 4 million payment cards stolen in breaches at four restaurant chains has gone up for sale in the Joker’s Stash underground bazaar, KrebsOnSecurity reported. The breaches occurred at nearly half the 1,750 total locations of Krystal, Moe’s Southwest Grill, McAlister’s Deli and Schlotzsky’s, the latter three of which are owned by …
• 26 November

  Behind Galileo’s Do-It-Yourself Approach To Fast Funding Mated To Instant Debit Cards

  

  Sitting in a meeting in New York City, Clay Wilkes put his company’s latest innovation to the test. “We onboarded a company, funded the master funding account, created an individual account, and moved funds from the master funding account, and bought a gift card on Amazon,” he recalls. “Someone in …
• 25 November

  FIS Adds P2P Tool and other Digital Transactions News briefs from 11/25/19

  

  Processor Fidelity National Information Services Inc. (FIS) announced it has integrated IBM Corp.’s Safer Payments tool for its peer-to-peer payments products. Safer Payments relies on artificial intelligence and machine learning to sift through transactions for signs of fraud.Catch Hospitality Group, which operates the Catch NYC and Catch Steak restaurants, said it discovered malware on …
• 22 November

  Rising Competition Is Pressuring ISVs, But Also Threatens Existing ISO Relationships

  

  In recent years, independent sales organizations and payment processors have generated plenty of lucrative business by working with software developers and marketers—businesses usually known as independent software vendors, or ISVs. But now a report indicates the software market is getting increasingly crowded, a development ISVs fear is pressuring prices. It’s …
• 22 November

  Church’s Chicken Investigating Possible Breach and other Digital Transactions News briefs from 11/22/19

  

  The Church’s Chicken restaurant chain said it is investigating a possible breach of credit and debit card data at about 165 company-owned locations in 11 states. The company, which said it is working with federal authorities, has hired a cybersecurity firm and has notified the card networks and credit-reporting agencies.Recurring household bills …
• 20 November

  Eye on Contactless: Credit Unions’ Contactless Cards Grow; Mastercard’s New Transit Partner

  

  A leading credit-union service organization reported Wednesday that it has distributed half a million contactless payment cards through some of its members, and Mastercard Inc. has paired up with a French investment firm with an eye on bringing new fare technology to mass-transit systems. St. Petersburg, Fla.-based PSCU says it …
• 20 November

  Top Chargeback Cities Ranked and other Digital Transactions News briefs from 11/20/19

  

  Chargebacks911, a dispute-mitigation and risk-management provider, said Santa Barbara, Calif., has the highest rate of fraudulent credit card chargebacks at 6.79%, followed by Paradise Valley, Ariz., 6.73%, and La Mirada, Calif., 6.68%. Other top 10 cites are listed in the company’s chargeback study, the second since 2014.Mobile-shopping and -payments app …
• 19 November

  HSBC Adds Real-Time Payments and other Digital Transactions News briefs from 11/19/19

  

  HSBC Bank USA N.A. has made a real-time payments service, via The Clearing House Payments Co. LLC, available to its commercial and institutional clients. HSBC said these clients have been able to receive real-time payments since July and now can send them. HSBC expects to roll out the service to its consumer …
• 18 November

  Visa Confirms the FTC Is Probing Its Debit Transaction Routing Practices

  

  Confirming rumors that the Federal Trade Commission is looking into issues involving debit card transaction routing, Visa Inc. late last week reported the Federal Trade Commission has asked it to voluntarily provide information about its routing practices. In a brief notice in its fiscal 2019 report to the Securities and …