- The PCI Security Standards Council issued what it calls a “minor update” to the current version 3.2 of the Payment Card Industry data-security standard. Version 3.2.1 adds no new requirements and is meant to eliminate any confusion regarding effective dates for existing PCI DSS requirements and Secure Socket Layer (SSL) and early Transport Layer Security (TLS) migration deadlines that have passed.
- Paul Finch announced he will retire next year as chief executive of Early Warning Services LLC, the bank-owned company that operates the Zelle person-to-person payments network.
- Credit-reporting agency TransUnion announced an agreement to acquire iovation Inc., a provider of device-identification and consumer-authentication services. Separately, TransUnion also said it plans to acquire Healthcare Payment Specialists, which provides Medicare reimbursement services to health-care providers. Terms of neither deal were announced.
- A survey of 1,010 consumers by merchant processor Cayan found that 58% of respondents consider a restaurant’s payment technology important, and that 32% said a “payment incident has ruined a dining experience for them.”
- U.S. Bank will pilot a new service with Mastercard Inc. that will allow fleet managers to collect dashboard data on company cars and process fuel payments.
- Health-care technology vendor Hearing Technologies Innerscope Inc. has enabled Klarna’s one-click payment system for customers shopping at its site.
- CellPoint Mobile, a provider of airline technology, said it will process card-based payments for fares, ticket pre-sales, and other related purchases on its Velocity platform for AVA Airways.
The future of digital payments is being created now with the adoption of contactless payments, …