Friday , February 26, 2021

Search Results for: POS system

Most Breaches Occur at Card-Present Merchants, Auditor Data Show

Brick-and-mortar merchants?and restaurants in particular?pose the biggest risk when it comes to card-data compromises, while point-of-sale systems based on personal computers as well as those hooked up to broadband connections are at significantly greater risk. That's according to new data released by AmbironTrustWave, a Chicago-based company that performs security audits …

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Seeing Incident ‘Uptick,’ Visa Issues Security Alert to Small Restaurants

Visa USA Inc. is releasing a security alert in response to an increase in data breaches it has detected among small and mid-sized restaurants. In reviewing data from the last few months, Visa saw “there's been an uptick in incidents from this sector” compared to previous time periods, says Martin …

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Merchant Breaches Cast Light on Deadlines for Card-Security Compliance

DSW Shoe Warehouse's disclosure yesterday that the theft of card data at its stores, originally revealed last month, affected some 1.4 million accounts follows by a week the news that card data stored by New York-based merchant Polo Ralph Lauren had been compromised and casts the spotlight on an industry-backed …

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Why Piggly Wiggly Went with Biometric Payments

Piggly Wiggly Carolina Co., a Charleston, S.C.-based chain of supermarkets with stores in South Carolina and Georgia, has adopted a payment system secured by biometrics primarily to increase its share of technologically savvy, white-collar customers. “It sends a message that we're trying to be cutting edge,” says David Schools, senior …

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Zelle Gets Access to TCH’s Real Time Payments Network As an Integration Goes Live

Peer-to-peer transactions have taken off as a way to pay digitally during the pandemic, and now the biggest bank-owned P2P network is getting a big lift through its integration with the country’s most extensive real-time payments network. Early Warning Services LLC announced early Thursday payments on its fast-growing Zelle P2P payments …

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Mobile Wallets Find In-Store Favor and other Digital Transactions News briefs from 2/24/21

In 2020, mobile-wallet usage exceeded that of cash for in-store payments for the first time, according to the annual Global Payments Report by Worldpay from FIS. The report, which canvassed 46,000 consumers worldwide, found cash usage fell 10 percentage points to account for 20% of all face-to-face transactions.Inspriration4, the civilian-crewed space mission …

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NMI Acquires USAePay and other Digital Transactions News briefs from 2/23/21

Gateway provider NMI said it acquired USAePay in a deal that will strengthen NMI’s coverage in verticals, including retail and restaurant, where USAePay has had success. The deal, terms of which were not disclosed, also will help create a stronger omnichannel capability for NMI. The combined company had more than $100 billion in annual …

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Promise Network Raises $20 Million in Funding and other Digital Transactions News briefs from 2/19/21

Promise Network Inc., a startup specializing in government-related payments such as utilities, child support, and parking tickets, said it has raised more than $20 million in a Series A funding round led by Kapor Capital and XYZ Venture Capital.A survey by payroll platform Everee Inc. of 400 U.S. independent contractors found that …

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Google’s Link to Passport Is Part of a Broader Plan to Extend Google Pay to Parking And Transit

Passport Labs Inc., a provider of transportation software, announced Wednesday it is expanding its integration with Alphabet Inc.’s Google to enable payment for parking within Google Maps in more than 400 cities, including Boston, Cincinnati, Portland, Me., Norfolk, Va., Cheyenne, Wy., Westminster, Colo., and Green Bay, Wis. The integration of …

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Cryptocurrency Begins Its Move Up From the Minor Leagues for Mastercard And Visa

The two big card networks have made no bones about their interest in supporting cryptocurrency transactions, and this week both made big moves in that direction. The bigger move came from Mastercard Inc., which on Wednesday announced its intention to launch later this year the ability to send and receive …

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