Credit Cards

MyPINPad Ltd., developer of software-based PIN-pad technology, said Wednesday its technology is now embedded in the latest software release of the Thales payShield 9000 hardware security module. Often called PIN-on-mobile, the software from London-based MyPINPad enables secure PIN-pad transactions on consumer-grade mobile devices. Formerly, such transactions only were possible on …

Merchant acquirer Elavon Inc. has acquired Electronic Transactions Systems Corp., an independent sales organization and business-software provider, Elavon parent company U.S. Bancorp announced Tuesday. Another payment processor, Fidelity National Information Services Inc. (FIS), also reported Tuesday that it sold the assets of its Certegy Check Services unit to a private-equity …

Yardi, a payment service for property managers, introduced a feature in its Yardi Bill Pay service that lets managers make payments using single-use Mastercard virtual card numbers issued by Fifth Third Bank. Allied Wallet released what it said are new open application programming interface tools for its payment gateway, NextGen. …

The first commercial implementation of 3-D Secure 2.0, an online fraud-prevention tool, appears to be here. Processor Adyen N.V. announced Friday the launch of its 3DS 2.0 service, claiming it is the first to be available to merchants. 3-D Secure 2.0 is an EMVCo-maintained standard that aims to curb online …

Processor Global Payments Inc. announced its president and chief operating officer, David Mangum, plans to leave. No details were immediately available about why or when Mangum will depart. Chief executive Jeff Sloan and Cameron Bready, senior executive vice president and chief financial officer, have extended their employment agreements through August …

The panelists were not subtle in assessing the future of digital currencies and the decentralized blockchain technology behind them. “Cryptocurrencies and blockchain will take over the world, it will be a bigger impact on the world than the Internet,” said investment banker Dennis O’Neill, chief executive of Chicago-based O’Neill Capital …

Approximately 400,000 U.S. merchant locations began accepting EMV chip cards in 2018’s first six months, according to new data from Visa Inc. In its latest report on the U.S. conversion from magnetic-stripe payment cards to the EMV standard, Visa on Wednesday said 3.1 million merchant locations accepted the new cards …

ControlScan said its SecureEdge platform now offers PCI Data Security Essentials, a service that enables payments providers to offer a more user-friendly alternative to the traditional PCI Self-Assessment Questionnaire to small businesses. Square Inc. released two ways to accept card payments, one via a computer and another using the Lightning …

In deals that further signify the importance to processors of integrated payments, Global Payments Inc. and Paysafe separately brokered pacts with point-of-sale software providers. Atlanta-based Global Payments says Liquid Payments Inc., a Fort Lauderdale, Fla.-based developer, will use the company’s Heartland Payment Systems unit to process payments. Liquid Payments’ service …

In its latest update about the U.S. conversion from magnetic-stripe to EMV chip cards, Visa Inc. said more than 3.1 million merchant locations accepted chip cards as of June versus only 392,000 in September 2015. The number of Visa chip cards increased 214% in that time to 499.7 million. Some …