Monday , June 21, 2021

More About Rosen Hotels Breach And Other Digital Transactions News Briefs

  • A data breach at Rosen Hotels & Resorts last year could cost the company more than $2.4 million in payment card network fines and other expenses, according to Rosen’s insurance company, the Orlando Sentinel reported.
  • In a letter to U.S. Treasury Secretary Steven Mnuchin and members of Congress, Euronet Worldwide Inc. ramped up its fight against China’s Ant Financial Services Group in trying to acquire wire-transfer provider MoneyGram International Inc., Reuters reported. The letter urges the federal government to closely scrutinize the rival Chinese bid because it allegedly raises “significant national security risks.”
  • China’s WeChat messaging app, owned by Tencent Holdings Ltd., is opening offices in Europe in an effort to expand its payments business and attract more advertisers, Bloomberg reported. The news service added WeChat is also looking to expand its workforce in the United States.
  • Merchant processor eProcessng Network LLC has been certified by Total System Services Inc. (TSYS) to accept and process EMV chip card transactions with the MP200 terminal from Castles Technology.
  • Cross-border payments processor Payoneer announced its Early Payments service, which buys receivables within minutes from high-volume merchants selling on the platform.
  • New Jersey-based money-transfer service Xpress Money said it will expand its network in Latin America to 40,000 locations by the end of the year.
  • The ATM Industry Association urged ATM deployers to begin planning for the migration to Microsoft Corp.’s Windows 10 operating system “as soon as possible.”
  • Chip card standards body EMVCo will hold its ninth annual user meeting June 14-15 in Ho Chi Minh City, Vietnam.
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