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- Backers of the so-called SegWit2x proposal to double block size for Bitcoin suspended the effort on Wednesday, citing a lack of “consensus for a clean blocksize upgrade.” The move, which would have occurred around Nov. 16, was an effort to increase transaction capacity for Bitcoin and relieve upward pressure on transaction fees.
- CPI Card Group Inc. reported that its net U.S. sales of credit and debit cards were $39.3 million in the third quarter, down 20% from a year earlier. The card manufacturer attributed the decline to slowing demand from payment card issuers for EMV chip cards, lower card prices, and a $3.6 million decrease in card personalization and fulfillment services revenue.
- Mitek Systems Inc., a provider of mobile remote deposit capture and other mobile-imaging software, reported that revenues in its fourth quarter of fiscal 2017 ended Sept. 30 increased 33% year over year to $12.9 million. Net income excluding a one-time tax benefit rose 91% to $1.8 million. Full-year revenue increased 31% year over year to $45.4 million and net income excluding the tax benefit rose 56% to $3.1 million.
- Class-action administrator Angeion Group has used Checkbook.io, provider of a blockchain-based digital-check service, to send thousands of settlement checks so far that otherwise would have been paper checks sent by mail, according to Checkbook.io.
- Payments-security provider Bluefin Payment Systems launched a service enabling partners of its Decryptx encryption service to be included under Bluefin’s point-to-point encryption listing on the PCI Security Standards Council Web site.
- Web-hosting giant GoDaddy Inc. announced two integrations with Square Inc. aimed at providing online-payments and booking services for its clients.
- Xtime, which offers retention software for automobile dealers, has incorporated payments capability from Vantiv Inc.’s Integrated Payments unit for a tablet-based check-in and check-out function for service departments.
- Mobile-banking applications pose a greater risk than mobile-payment apps because the banking apps aren’t subjected to the common security standards that govern the payments apps, warns joint research from Inside Secure and UL.
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