• Early Warning Services LLC said the three latest banks to start offering real-time person-to-person payments on its clearXchange network are Capital One, Chase, and Wells Fargo. ClearXchange members Bank of America and U.S. Bank had already introduced the service. As things stand, Chase customers can send and receive payments …
Read More »Wendy’s Data Breach Affected 1,000 Locations and other Digital Transactions News briefs
• A payment card data breach reported in May by the hamburger chain Wendy’s Co. was much more extensive than originally thought, the company said Thursday, according to Reuters. Wendy’s now says the breach affected approximately 1,025 stores, or about 18% of the company’s U.S. and Canadian units. In May, …
Read More »Former MasterCard Exec To Take on UniRush Helm and other Digital Transactions News briefs
• ATM network operator Cardtronics plc announced organizational changes that include chief financial officer Edward H. West taking on the additional role of chief operations officer and North American Business Group president David Dove leaving the company later this year. Jonathan Simpson-Dent, who had been managing director of Cardtronics Europe, …
Read More »Jack Henry’s Executive Changes and other Digital Transactions News briefs
• U.S. Bank said customers can now make free, real-time person-to-person payments via Early Warning Services LLC’s clearXchange network; the bank charged a $6.95 fee for real-time payments when it went live on clearXchange earlier this year. • Processor Jack Henry & Associates Inc. announced top-level executive changes with president …
Read More »Pace Payment Partners with @Pay and other Digital Transactions News briefs
• American Express Co. plans to roll out an online loan platform this year that will challenge other small-business lenders, including Square Inc. and On Deck Capital Inc., Bloomberg reported. • Independent sales organization Pace Payment Systems announced it is working with @Pay LLC on an integrated text-to-pay service. • …
Read More »Cardtronics Completes UK Headquarters Move and other Digital Transactions News briefs
• ATM network operator Cardtronics plc, formerly Cardtronics Inc., completed its plan to re-domicile in the United Kingdom following approval of the plan by shareholders June 28. Cardtronics’ North American headquarters will remain in Houston, while its European headquarters will be in London. The company’s stock will continue to trade …
Read More »Durbin Spars With Visa And MasterCard
Depending on your point of view, Sen. Richard Durbin, D-Ill., became either a hero or a villain in the payments business back in 2010 with his Durbin Amendment to the Dodd-Frank Act. Among other things, the amendment capped debit card interchange for large issuers, pleasing merchants and ruffling the feathers …
Read More »Global Payments To Relocate and other Digital Transactions News briefs
• In a huge legal development for the payment card industry, the Second U.S. Circuit Court of Appeals today overturned a lower court’s 2013 approval of a $7.25 billion settlement of a merchant class-action lawsuit accusing Visa, MasterCard, and some banks of antitrust violations in setting credit card interchange. The appellate …
Read More »Global Payments To Relocate and other Digital Transactions News briefs
• In a huge legal development for the payment card industry, the Second U.S. Circuit Court of Appeals today overturned a lower court’s 2013 approval of a $7.25 billion settlement of a merchant class-action lawsuit accusing Visa, MasterCard, and some banks of antitrust violations in setting credit card interchange. The appellate …
Read More »Hard Rock Hotel & Casino Finds Malware and other Digital Transactions News briefs
• Noodles & Co. reported that malware led to the compromise of an undisclosed number of customers’ credit and debit cards between Jan. 31 and June 2 at 407 locations in 27 states and the District of Columbia representing 80% of its 507 total stores; the fast-casual restaurant chain began …
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