Transaction Processing

Payments executives are starting to go public with concerns about a growing type of ATM fraud called the cash-out attack. Unlike the well-known, single-machine attack known as jackpotting, cash-out frauds allow criminals to gain access to multiple machines simultaneously at the network level. They then employ accomplices to visit these …

Total System Services Inc. (TSYS) officially became part of Global Payments Inc. only on Sept. 18, but the massive task of stitching two large payment processors together didn’t stop Global from buying yet another financial institution’s merchant portfolio. Global announced Thursday that it will acquire the entire 40,000-merchant file of …

ATM network operator Cardtronics plc reported revenues of $351.5 million for the quarter ended Sept. 30, up 3% year-over-year. ATM operating revenues totaled $333.4 million, up 1%. The company reported agreements in the quarter to place more than 1,000 ATMs, as well as a renewal and expansion of its agreement with leading …

Walmart Inc. and Green Dot Corp. reported Tuesday they have extended the prepaid program manager’s agreement with the giant retailer for another seven years, assuring that Green Dot will continue to serve as the issuing bank and manager for the Walmart MoneyCard program. Walmart says the new contract begins Jan. …

The Kroger Co. lifted its acceptance ban on Visa credit cards at its Smith’s Food & Drug and Foods Co subsidiaries, according to news reports. Kroger, citing what it called high acceptance costs, first banned the cards at its small Foods Co chain in August 2018 and extended it to the larger Smith’s …

While much attention in the payments industry in recent months has focused on EMVCo’s Secure Remote Commerce (SRC) specification, another e-commerce spec from the standards body could be receiving some tweaks. These possible initiatives, which concern the EMV 3-D Secure specifications, include a way of adding users’ travel data to …

Mastercard Inc. switched 20% more transactions on its worldwide network in the third quarter than it did a year earlier as purchase volumes remained strong and new growth markets generated more payments. “Growth was broad-based,” Mastercard president and chief executive Ajay Banga said Tuesday morning during the company’s third-quarter earnings …

Ride-share provider Uber Technologies Inc. announced Uber Money, an update to its roster of financial services, mostly for its drivers. Among the products is the relaunch of the Uber credit card in a deal with Barclays. Uber Money also can provide Uber drivers real-time access to their earnings in an Uber Debit …

PayPal Holdings Inc. and Synchrony Financial have been sparing about the details of a new credit card they plan to issue for PayPal’s Venmo peer-to-peer payment service, but on Monday a top Synchrony executive said the partners are counting on a key characteristic of Venmo to help market the new card. …

Amazon.com Inc.’s payments ambitions continue to manifest themselves with Monday’s announcement that Paymentus Corp. will enable bill payment and management via Amazon’s voice-controlled Alexa devices. Charlotte, N.C.-based Paymentus said billers on the Paymentus Instant Payment Network will be able to offer consumers a way to link their utility accounts to …