News

July, 2020

• 9 July

  ‘Tens of Thousands of Dollars’ in Fraud for Operators That Don’t Upgrade Gas Pumps to EMV, a Report Estimates

  

  When the big card networks this spring postponed until April 2021 the fraud-liability deadline for EMV chip cards at gas pumps, the retail fuel industry heaved a huge sigh of relief. But now estimates are emerging that indicate even relatively small gas-station operators that don’t enable their pumps for EMV …
• 9 July

  How Criminals Are Pushing Fake Content Online to Test Stolen Cards

  

  Online fraud has always been a big problem, but now with consumers purchasing more online in the face of the coronavirus pandemic, criminals are finding even greater opportunity for illicit gain.  One big area of concern is content fraud on digital marketplaces, which can be used to perpetrate payment fraud …
• 9 July

  Wirecard’s U.S. Unit Draws Interest and other Digital Transactions News briefs from 7/9/20

  

  The U.S. subsidiary of failed German payment processor Wirecard AG is drawing strong interest from potential buyers, according to media reports. The Wall Street Journal also reported that the U.S. Justice Department is investigating whether Wirecard AG played a critical role in an alleged $100 million bank-fraud conspiracy connected to an online marijuana marketplace.Splitit Payments Ltd., which enables …
• 8 July

  Report: Apple Testing QR Codes With Apple Pay

  

  Apple Inc., whose Apple Pay is the leading mobile-payment service based on near field communication technology, reportedly is testing Quick Response codes as an alternative technology with Apple Pay. That development was first reported Tuesday by the 9 to 5 Mac blog, which said a second beta version of the …
• 8 July

  The Big Four Networks Start Prepping Click to Pay for a Global Expansion

  

  With consumers shopping online in greater numbers, the four major card networks are preparing to take their new single-click checkout technology international. American Express Co., Discover Financial Services, Mastercard Inc., and Visa Inc. said in a joint announcement Wednesday they are “beginning technical preparations” to launch the technology, Click to …
• 8 July

  Discover’s Saudi Deal and other Digital Transactions News briefs from 7/8/20

  

  Discover Financial Services announced an agreement with the Saudi Arabian Monetary Authority’s Saudi Payments unit that calls for acceptance of Discover, Diners Club International, and Pulse cards on Saudi Payments’ mada network. The deal includes acceptance on point-of-sale terminals, e-commerce platforms, and at ATMs.Fareportal, the technology platform for travel brands CheapOair …
• 7 July

  A Report Shows Why Cardless ATMs Are Growing More Popular in the U.S.

  

  The number of ATMs providing the option of cardless withdrawals rose 26% in 2019, says a new report from research firm RBR. Leading the charge in the adoption of cardless ATMs is the United States, where the number of these machines has more than tripled, according to the research.  Bank …
• 7 July

  Merchants Are Rebooting, So ISOs Look to Apps And Loyalty to Bring Customers Back

  

  As businesses start to reopen, independent sales organizations and other payment providers are rolling out programs suited to the new reality faced by both proprietors and their customers. The latest example comes from VizyPay, which on Tuesday announced a service it says will help merchants attract old customers and pull …
• 7 July

  A Processor’s Employees Get Catch-Up Pay and other Digital Transactions News briefs from 7/7/20

  

  Employees of independent sales organization Gravity Payments Inc. who collectively volunteered to take pay cuts during the coronavirus pandemic to avoid layoffs are now being repaid what they sacrificed; the average employee is getting $4,300 in back pay, Yahoo Money reported.Payment processor Computer Services Inc. reported record quarterly revenue of $70.6 million for its …
• 6 July

  New Data Show a Rebound for Restaurants And Hotels As States Wrestle With Covid-19

  

  Though Covid-19 still casts a long shadow over a number of U.S. states where early reopenings have led to a resurgence in  coronavirus cases, data released Monday indicate merchant volume is climbing rapidly across industries. The positive trend includes the hard-hit hospitality sector, according to the latest numbers.  Merchants in …