Chip-based transactions at the point of sale totaled more than non-chip payments for the first time in 2018, just three years after the United States began in earnest to convert payment cards and point-of-sale devices to the EMV chip standard, according to the latest Federal Reserve Payments Study, released Thursday. …
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EVO Payments has agreed to enable merchants it serves in the United Kingdom and Ireland to process transactions on the Discover, Diners Club International, and affiliate card networks. Merchants served by EVO in other markets are expected to come online for Discover in 2020.Antivirus protection provider Avast said a survey it …
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Green Dot Corp. announced late Wednesday that company founder and chief executive Steven W. Streit is retiring. The prepaid card and banking services provider appointed William I. Jacobs, chairman of its board of directors, as interim CEO while it seeks a permanent successor. Streit will continue with the company for …
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Payrailz LLC, a payments provider for financial institutions, said it will pilot Mastercard Inc.’s Bill Pay Exchange, a real-time bill-payment service.Facebook Inc. and Alphabet Inc.’s Google unit claimed the first and second slots on Dashlane Inc.’s annual list of “worst password offenders” in 2019, Facebook for exposing passwords linked to “hundreds …
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Upgrading gas pumps to accept EMV chip cards is a complex affair for convenience stores and gas stations that involves installing new card-reading hardware and software, testing, and certifications. Many fuel retailers are expected to miss next October’s automated fuel-dispenser liability shift, and software is proving to be one of …
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LexisNexis Risk Solutions released an analysis of transactions and cyberattacks between Nov. 27 and Dec. 3 that found the average shopping cart value rejected as high risk or fraudulent was $329, or 179% higher than the value of legitimate online transactions—$118—in the period.Juniper Research’s latest report forecasts that the installed base of contactless-enabled …
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PayPal Holdings Inc.’s latest financial-institution collaboration emerged Monday with news that institutional clients of Citigroup Inc. will be able to make payments directly into PayPal digital wallets globally starting in the first quarter. The arrangement opens up for PayPal Citi’s WorldLink cross-border payments network, which will be used to connect …
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Point-of-sale payments technology provider Clover, which is owned by Fiserv Inc., added JazzHR, a recruiting app, to its Clover App Market, which is aimed at small businesses.Splitit Payments Ltd., a global provider of point-of-sale installment payments, announced it reached $3 million in merchant sales over the four-day stretch from Black Friday through …
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The Washington Metropolitan Area Transit Authority, which serves the area in and around the nation’s capital, plans next year to start allowing users of Apple Inc. devices to pay at fare gates with their iPhones and Watches using a virtual version of the agency’s SmarTrip card, according to The Washington Post. Android …
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Quebec-based Desjardins Group said the former employee suspected of orchestrating a massive data breach that affected 4.2 million members of the big credit-union federation also had access to the personal information of a further 1.8 million credit card holders who are not Desjardins members, the CBC reported.ACI Worldwide released the latest version …
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