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A new report finds that fraud activity is surging, while Landry’s Inc. says it has uncovered malware on its point-of-sale system and removed it. Identify fraud is on the rise, finds the 2016 Identity Fraud Study released Tuesday by Javelin Strategy & Research. The Pleasanton, Calif.-based research firm found that …
Read More »MasterCard Posts Growth for Fourth Quarter And 2015 U.S. Purchase Volume And Cards
MasterCard Inc. on Friday said purchase volume made with its U.S.-issued credit and debit cards grew by 8.7% in the fourth quarter and 7.7% for all of 2015, compared with the same periods a year ago. MasterCard also said the number of U.S.-issued credit and debit cards increased. In the …
Read More »More Mobile Payments This Year Will Likely Mean More Fraud Potential, FICO Warns
To the extent there is greater mobile-payments use among merchants and consumers this year, that increase will likely bring with it a greater potential for fraud. That’s the cautionary note from Fair Isaac Corp. executive T.J. Horan, vice president of fraud solutions at the analytics-software company. In-store mobile payments will …
Read More »Flywire’s Deal to Buy Canada’s ScholarFX Adds to Its Growing Niche in Tuition Payments
It’s often neglected in the payments business, but one of the fastest-growing markets is processing cross-border transactions for college and post-graduate students studying abroad. The business is dominated by wire transfers, but a startup called Flywire, which has served the market for more than four years, is enjoying fast growth. …
Read More »Eye on the POS: VeriFone Snags AJB, Ingenico’s U.S. Growth, HP’s Retail Thrust
With the National Retail Federation’s annual trade show kicking off Monday in New York City, a number of payments companies tried to get a head start on the show by releasing news over the weekend. Much of it concerns developments for the physical point of sale. Here’s a wrap-up of …
Read More »Cash Still Dominates in Many Merchant Sectors, ATM Network’s Survey Shows
In this age of mobile payments, online commerce, and millions of places to use plastic payment cards, cash remains highly relevant and popular with consumers, the nation’s leading retailer ATM network insists. Houston-based Cardtronics Inc. on Thursday released results of a survey showing that consumers use cash far more than …
Read More »After a Boffo Year, Will Payments Startups Reap Another Big Funding Harvest in 2016?
It may have been a so-so year for initial public offerings in payments, but 2015 was a boffo year for private financing of payments startups. And early indications are that 2016 may be just as good. Through Nov. 10, there were 235 funding deals for payments companies worldwide, with investments …
Read More »U.S. Processor Offerings Didn’t Generate Much Spark in 2015’s IPO Market
Payment processors Square Inc. and First Data Corp. made headlines in 2015’s market for initial public offerings of stock, but neither company was a standout, according to recent market reviews. In fact, a new analysis by PitchBook, a Seattle-based provider of a data-analysis platform for venture-capital and other financial firms, lists …
Read More »The Data-Breach Seesaw: Card Compromises Down, Social Security Exposures Up
Data breaches that compromised credit and debit card information were constantly in the news in 2015, but the number of cards affected is way down from the totals for 2014 and 2013, according to a nonprofit that monitors breaches. The San Diego-based Identity Theft Resource Center reports that as of …
Read More »E-Commerce Is Garnering a Higher Percentage of Total Holiday Sales, Says First Data
More consumers appear to be at ease shopping online, at least during the holiday season. Online sales account for 20.6% of total sales since Oct. 31, says First Data Corp. For the same period last year, e-commerce sales accounted for 17.8% of total sales. The share of retail sales attributed …
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