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 …
Read More »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. …
Read More »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 …
Read More »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, …
Read More »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 …
Read More »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 …
Read More »Diebold Nixdorf Shares Plunge 34% in Wake of Loss and Worsened Outlook
Shares of Diebold Nixdorf Inc. plummeted 34% in late Wednesday morning trading after the ATM manufacturer and banking and retail hardware and software provider reported an unexpectedly large second-quarter loss and said it is looking to revise its lending agreements in the face of lowered financial predictions. “While revenue was …
Read More »Volume Jumps 14% for Discover’s Payment Services Unit
The Pulse debit network, Diners Club International, and the network partners of Discover Financial Services collectively generated $57.3 billion in second-quarter volume, a 14% increase from a year earlier, Discover reported Thursday. Pulse, the biggest of the three units in Discover’s Payment Services segment, posted $44.3 billion in volume, up …
Read More »To Fight Skimming, a Major Credit Union Servicer Adds a Cardless ATM Program
The days of dipping a card into an ATM to withdraw cash may not be as frequent for even more consumers with the announcement Wednesday that Co-Op Financial Services launched its Cardless Cash Access service. Rancho Cucamonga, Calif.-based Co-Op, a credit-union service organization, says the service can be used on …
Read More »Co-Op Financial Services Debuts Cardless Cash Access and other Digital Transactions News briefs from 7/17/18
Co-Op Financial Services said it is adding cardless ATM transactions to its roster of services for credit unions. Dubbed Cardless Cash Access, the service is available on Diebold Nixdorf and NCR ATMs within the Co-Op ATM Network that are managed using the Co-Op Terminal Driving program. Hyperwallet, whose technology enables …
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