Tuesday , February 18, 2020

Checkers Contends With POS Malware and other Digital Transactions New briefs from 11/18/19

  • Checkers Drive-in Restaurants Inc., which in May said malware had affected certain of its Checkers and Rally’s locations, said it is aware the malware had affected one more Checkers and Rally’s location and also that the malware had been re-installed at “several” locations the company had previously identified as affected. The company says it is working to “contain and remove” the malware and is cooperating with law enforcement.
  • Hudson Executive Capital, the hedge fund that is USA Technologies Inc.’s largest shareholder, filed a lawsuit in a Pennsylvania court seeking to invalidate a recent USAT bylaw amendment Hudson says prevents shareholders from calling a special stockholder meeting. Hudson wants to remove seven current USAT directors and elect its slate of eight nominees for the vending machine payments provider’s board of directors.
  • Online gas-price search service GasBuddy said consumers using its automated clearing house-based Pay with GasBuddy service has completed more than $350 million in total purchase volume since its 2017 launch. Additionally, users have pumped almost 136 million gallons of fuel in 12 million transactions. Pay with GasBuddy offers at least a 5-cent per-gallon discount.
  • Discover Financial Services extended its sponsorship agreement with the National Hockey League under which Discover is the league’s official credit card. A new element of the agreement designates Discover as the league’s official bank in the United States.
  • Discover also announced Isbank in Turkey now accepts Discover transactions on its network, which includes 12,000 e-commerce merchants, 400,000 point-of-sale locations, and 6,500 Isbank ATMs.
  • Radpay, a 1-year-old startup specializing in leveraging distributed-ledger technology for card payments, completed a $1.2 million seed funding round valuing the company at $10.2 million.
  • Klarna, whose technology allows consumers to pay for online purchases in installments, introduced a shopping bag pet-owning commuters can use to carry their dogs on the New York City subway system.

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