Transaction Processing

A new report finds that fraud activity is surging, while Landry’s Inc. says it has uncovered malware on its point-of-sale system and removed it. Identify fraud is on the rise, finds the 2016 Identity Fraud Study released Tuesday by Javelin Strategy & Research. The Pleasanton, Calif.-based research firm found that …

It’s common for consumers who use a recurring service to designate a credit or debit card that the service provider can charge each month. With the automated clearing house, this is much less common. Dwolla Inc. says that’s because it’s too difficult and time-consuming for most businesses to set up …

When the U.S. rollout of EMV cards started in earnest last year, many experts predicted consumers would soon tire of the time-consuming chip-reading routine, putting pressure on the payments industry to usher in contactless EMV and more mobile wallets. But that’s not happening, at least not all that much and …

Consumers seem to be very forgiving of retailers who experience data breaches, according to findings from a recent survey for the Merchant Acquirers’ Committee, a trade group of payment processors. Most customers resume shopping—and using a payment card—at a breached retailer within a few months, and among those that don’t …

On Wednesday, PayPal Holdings Inc. made it clear it hasn’t given up on expanding its reach with merchants beyond processing e-commerce payments. The company announced a new in-app payments initiative for its popular Venmo peer-to-peer payments app, a move that follows a recent agreement with First Data Corp. that furthers …

Prepaid card services provider Green Dot Corp. has struggled to make profits sufficiently large to keep restive shareholders at bay since it became a publicly traded company in 2010. Now one of those shareholders, Harvest Capital Strategies LLC, is calling for the ouster of company founder and chief executive Steve …

Processor Total System Services Inc. (TSYS) is buying acquirer TransFirst Holdings Inc. for $2.35 billion, Columbus, Ga.-based TSYS announced Tuesday. The deal, which is expected to close in the second quarter, puts an end to TransFirst’s plans to explore an initial public offering. Hauppauge, N.Y.-based TransFirst last October filed an …

The Dow Jones Industrial Average has skidded about 8% since the end of 2015, putting a scare in investors and prompting talk of everything from a market correction to another recession. Unnoticed, however, is that the price of the digital currency Bitcoin has followed an almost identical path, dropping approximately …

Corporations and wealthy consumers have a new option when they need to move funds internationally. HiFX, a unit of Euronet Worldwide Inc., has begun offering its services to U.S. and Canadian clients. Acquired by Leawood, Kan.-based Euronet in 2014, U.K.-based HiFX enables users to transfer funds internationally in 28 currencies, …

In response to pleas from merchant acquirers, Visa Inc. this month modified a deadline in its program to get small merchants into compliance with the Payment Card Industry data-security standard, a program the leading payment card network announced to acquirers in October. The change affects the usage of qualified integrators …