Wednesday , December 25, 2024

ATMs

COMMENTARY: A New Coalition Unites Diverse Players to Confront Payments Fraud

When you flip over your debit card or go to an ATM, you see logos for companies like Shazam, First Data’s Star Network and others, but you may not think about the role these processors play in the payments system. As one of those processors, we simplify the connections that …

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Transaction-Processor Stocks Beat the Market Once Again

Boosted by profits that mostly exceeded analysts’ expectations, payments companies in August once again beat the major stock indexes even though the markets themselves performed well, according to a new report from Barrington Research Associates Inc. Chicago-based Barrington said Wednesday that 27 publicly traded electronic-transaction processors it tracks posted a …

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A $650 Million Loan Eases Diebold Nixdorf’s Financial Woes, At Least for Now

Shares of cash-strapped Diebold Nixdorf Inc. jumped 12% Monday morning in the wake of news from the ATM manufacturer and financial and payment software provider that it had secured a commitment for a $650 million loan, easing the liquidity problems that it had encountered in recent weeks. North Canton, Ohio-based …

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Change at Payment Alliance International As Three Top Execs, Including Two Cofounders, Exit

Payment Alliance International, the Louisville, Ky.-based ATM operator, is in the midst of a strategic shift, one that has seen three top executives resign from the firm. John J. Leehy III, president and chief executive, Greg Sahrmann, executive vice president and chief operating officer, and Donna Embry, chief payments advisor, …

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Proposed Tariffs on Chinese Goods Draw More Opposition From the Payments Industry

The escalating U.S.-China trade war is generating calls for a truce from the payments industry. Most recently, the ATM Industry Association announced its opposition to planned U.S. tariffs on Chinese goods, calling them a “threat to business.” ATMIA members are expected to testify at a tariff hearing next week in …

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Citcon in Mall of America Deal and other Digital Transactions News briefs from 8/14/18

Citcon USA LLC, a cross-border mobile-payment and marketing company, said its service will be enabled at various Mall of America merchandise shops and guest services and in the Nickelodeon Universe theme park inside the Bloomington, Minn., mall. Citcon’s service enables Chinese tourists to find merchants that accept Alipay and WeChat Pay. …

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FBI Issues ATM Warning and other Digital Transactions News briefs

The FBI privately warned banks on Friday that cybercriminals are preparing a big “ATM cashout” operation, a choreographed global scheme in which fraudsters hack a bank or payment processor, plant malware that attempts to disable banks’ ATM withdrawal limits and related transaction controls, and use cloned payment cards to withdraw potentially …

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Worldpay Extends POS Software Agreement and other Digital Transactions News briefs from 8/6/18

NRT Technology Corp. and Sightline Payments LLC, which are expected to merge and become NRT Sightline, announced its Connect+ payment gateway is being used by Hard Rock International for its recently launched online casino in New Jersey. Payments processor Worldpay Inc. extended for four years an agreement with CRS Texas, …

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Cash Favoritism Still Benefits Cardtronics, Especially in the Wake of Payment-Network Failures

Cardtronics plc may have been one of the few companies to benefit from Visa Inc.’s June 1 outage in Europe. It notched a record high volume in the United Kingdom, Edward H. West, Cardtronics chief executive and director, told analysts during a conference call Thursday to discuss the ATM deployer’s …

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Chase Activates Cardless ATM Access and other Digital Transactions News briefs from 8/3/18

Chase, a unit of JPMorgan Chase & Co., enabled cardless ATM access at nearly all of its 16,000 ATMs nationwide when consumers use Apple Pay, Google Pay, or Samsung Pay loaded with a Chase debit or Liquid card. In related news, Chase said Los Angeles-area consumers can use Chase Pay …

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Digital Transactions