• The U.S. District Court for the Eastern District of Pennsylvania issued final approval of a $37.5 million settlement in a class-action case, Reyes v. Zions First National Bank, attorneys for the class announced. In the case, plaintiffs alleged Zions Bank and a former payment-processing subsidiary knowingly handled payments for fraudulent …
Read More »Ingenico Debuts Android mPOS Device and other Digital Transactions News briefs
Terminal maker Ingenico Group introduced its first Android-based mobile point-of-sale payment device, the APOS. The portable terminal includes a front and rear camera and accepts payments based on EMV, mag-stripe, and near-field communication. Cubic Transportation Systems announced it has been awarded a $4.8 million contract modification from the Maryland Transit …
Read More »Another Hotel Warns of Possible Data Breach and other Digital Transactions News briefs
• Payments-services provider ACI Worldwide Inc. said it expects the rate of attempted online fraud in the United States during the holiday shopping season will increase 43% over the same period last year, based on transaction data it has seen so far. This increase follows U.S. adoption of EMV cards at the …
Read More »Fraudsters May Be Rushing Online, But So Far Web Sellers Are Ready for Them
By Peter Lucas @DTPaymentNews A combination of better fraud-detection technologies and stronger consumer-authentication strategies is helping e-commerce merchants hold the line on fraud losses, a study from payments consultancy Mercator Advisory Group says. This is the case even though more criminals are practicing their dark art in the online channel …
Read More »ATM Operators Cheer After Supreme Court Tosses Visa-MasterCard Appeal in Fee Case
By Jim Daly@DTPaymentNews After five years, it looks like class-action lawsuits by ATM independent sales organizations and consumers challenging Visa Inc. and MasterCard Inc. rules over ATM surcharging on antitrust grounds may finally be headed to trial. The U.S. Supreme Court last week dismissed appeals by Visa and MasterCard after …
Read More »Apple Pay Promotions Yield 37% Increase in Vending Machine Sales, Says USAT
By Kevin Woodward@DTPaymentNews Vending payments specialist USA Technologies Inc. says promoting Apple Pay at the point of sale produced a 36.5% increase in overall sales and a 55.5% increase in revenue from contactless purchases. Malvern, Pa.-based
Read More »The Chase Pay App Debuts With In-Store Acceptance at Starbucks, Best Buy, More To Come
By John Stewart @DTPaymentNews JPMorgan Chase & Co. on Monday officially launched its Chase Pay mobile app, announcing users can now download the wallet and use it to pay at more than 7,500 Starbucks Corp. outlets and at almost 1,400 Best Buy Co. Inc. stores to start with. The app, …
Read More »VeriFone Engage Marks European Launch and other Digital Transactions News briefs
• ATM network owner and operator Cardtronics plc announced an expanded relationship with Carnival Cruise Line that adds Cardtronics ATMs to the crew areas of Carnival’s 25-ship fleet and makes Cardtronics Carnival’s exclusive ATM provider for both guests and crew. Cardtronics will have two ATMs for passengers and two for crew …
Read More »ATM Fee Lawsuit Advances and other Digital Transactions News briefs
• The U.S. Supreme Court gave the green light to class-action lawsuits by ATM operators and consumers accusing Visa Inc., MasterCard Inc. and several U.S. banks of conspiring to inflate the prices of ATM access fees in violation of antitrust law, Reuters reported. The justices dismissed two related cases they earlier had …
Read More »COMMENTARY: Cash Is Still King, And Opportunities Are Hidden in Plain Sight
By Danny Shader In October 2016, the Federal Deposit Insurance Corp. released its 2015 National Survey of Unbanked and Underbanked Households, providing valuable insight into the demographics and banking history of the unbanked and underbanked (often collectively referred to as the “financially underserved”). Many are surprised to learn that a …
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