Shift4 Payments LLC has made another acquisition. The acquiring player behind the Harbortouch brand purchased Melville, N.Y.-based CurvePay, which was backed by IRN Payment Systems, Shift4 announced Tuesday. Terms were not disclosed. It was only two weeks ago that Allentown, Pa.-based Shift4 Payments finalized acquisitions for three hospitality point-of-sale providers, …
Read More »Bombshell Mueller Indictment Details How Stolen Identity Information Fueled Fraudulent PayPal Accounts
Stolen identity information obtained by several Russian defendants named in Special Counsel Robert S. Mueller’s indictment, released last week, was used to create fraudulent PayPal Holdings Inc. accounts. The defendants were named in connection with alleged activities surrounding the 2016 presidential election. The indictment provides details about an alleged conspiracy …
Read More »A New POS Software Malware Strain Avoids Detection By Fitting in With the Crowd
A new point-of-sale software malware strain wants its victims to think it is a nondescript bit of code that computers and networks commonly use when surfing the Internet. Uncovered by investigators at Austin, Texas-based Forcepoint, a data-security services provider, the malware, dubbed “UDPos” by Forcepoint, attempts to conceal itself in …
Read More »Currencycloud Eyes U.S. Expansion in Bid for More International Payments Volume
Currencycloud, an international payments platform based in the United Kingdom, has hired a U.S. general manager in a push to capture more cross-border payments volume from U.S. merchants. Currencycloud announced Richard Arundel as the general manager of Currencycloud North America. Arundel, a co-founder of Currencycloud, spent the past two years …
Read More »Cumberland Farms Adds Biometric Support to Its Fuel-Payment App
Convenience-store operator Cumberland Farms Inc. updated its SmartPay Check-Link mobile app with biometric authentication and the ability to enroll in the program within the app, the Westborough, Mass.-based company announced Monday. The app, which launched in 2013, gives users a 10-cent discount per gallon of gas when they use it …
Read More »March of the Cryptos: All of the Top 10 Digital Currencies Rise This Week
The stock market may have tumbled this week, but cryptocurrencies are enjoying a generalized comeback. All of the 10 largest currencies by market capitalization are up since early in the week, with third-ranked Ripple’s XRP token surging 20% just since late Thursday to lead the pack, according to Coinmarketcap.com. It …
Read More »Don’t Know About TLS? You, and Your Merchants, Soon Will
A July 1 PCI Security Standards Council deadline is prompting payments providers to act well before then, with many establishing their own compliance deadlines in February. What has provoked this eagerness? It could be that noncompliance with the PCI mandate could halt merchant transactions that rely on the Internet. The …
Read More »ProPay Launches Payment Network for Software-as-a-Service Firms
ProPay, a unit of Total System Services Inc. (TSYS), announced the debut of the ProPay Payment Network Wednesday. The service targets software-as-a-service providers and aims to make it easier for them to make payments among merchants, marketplaces, affiliates, consultants, and partners. TSYS says it does that through a single point …
Read More »Shift4 Payments Makes Three Acquisitions in Hospitality POS
Shift4 Payments LLC, owner of the Harbortouch point-of-sale service, announced Tuesday it purchased three POS brands specializing in hospitality payments. Restaurant Manager, POSitouch, and Future POS are now part of Shift4 Payments. Terms were not disclosed. The acquisitions add 90,000 merchants to Shift4 Payments’ portfolio, and include customers such as …
Read More »Two Sides of the Same Coin? Surcharging And Cash Discounts Puzzle Some in Acquiring
Curiosity, and a bit of confusion, about what constitutes credit card surcharging and cash-discount programs surfaced this week at the Northeast Acquirers Association annual conference in Uncasville, Conn. During a panel discussion about the benefits and challenges of credit card surcharging and cash-discount programs for merchants, participants explained how their …
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