News

October, 2019

• 9 October

  Eye on Blockchain: Ripple Teams up With Finastra; Firms Line up to Support Libra

  

  The London-based financial-services technology provider Finastra said Wednesday that it has agreed to offer blockchain technology from Ripple Labs Inc. for cross-border payments processed by its client institutions. In related news, more than 1,500 firms have inquired with the Libra Association about joining the group, the association said, in the …
• 9 October

  Mercator Releases Prepaid Card Report and other Digital Transactions News briefs from 10/9/19

  

  Mercator Advisory Group released its “Prepaid Cards: Continued Growth” report.Payment security technology developer Sequent Software Inc. named Richard Nassar vice president of product management. Nassar is a former Visa Inc. executive.Travel card provider UATP named David Jimenez chief commercial officer. Jimenez’s career includes stints at Chase Paymentech, Ingenico, and CenPOS.Point-of-sale finance provider Afterpay Touch Group said …
• 8 October

  The FBI Warns of Attacks on Multifactor Authentication Defenses

  

  The Federal Bureau of Investigation recently notified cybersecurity companies about attacks that could defeat multifactor authentication systems protecting sensitive online personal and financial data, systems usually considered much stronger than two-factor authentication combinations such as user names and passwords. The FBI last month quietly sent a so-called private-industry notification (PIN)—a …
• 8 October

  Eye on Mobile Payments: More About Samsung Pay Cash; Zelle Eyes Community Banks

  

  More details emerged Tuesday about Samsung Pay Cash, the virtual prepaid card Samsung Electronics America Inc. first announced late last week as the latest feature for its mobile wallet.  Global Payments Inc., the big Atlanta-based processor that recently acquired Total System Services Inc. (TSYS), said Monday it has now integrated …
• 8 October

  CardFlight Adds Device Support and other Digital Transactions News briefs from 10/8/19

  

  CardFlight Inc. released its SwipeSimple Terminal for the PAX A80 point-of-sale terminal. The software enables on-screen tip prompts, customizable digital receipts via text or email, and searchable transaction history, among other features.Point-of-sale finance provider Affirm Inc. debuted an app that allows consumers to shop and pay in installments at most stores. Consumers can …
• 7 October

  In the Wake of PayPal’s Defection, There’s ‘A Lot of Pressure’ on Key Libra Meeting Oct. 14

  

  Friday’s news that PayPal Holdings Inc. is bailing out of Facebook Inc.’s Libra cryptocurrency project underscores the importance of an upcoming meeting of the project’s backers in Geneva, Switzerland, observers say. It has also heightened speculation about whether the project is likely to lose more of the remaining 26 companies …
• 7 October

  NCR Acquires POS System Provider and other Digital Transactions News briefs from 10/7/19

  

  NCR Corp. said it acquired Anderson, Ind.-based Midwest POS Solutions Inc., a point-of-sale systems provider serving 1,000 restaurants in Indiana and Kentucky. Midwest POS was one of the first dealers of the NCR Aloha POS system for restaurants. Terms of the deal were not disclosed.ATM security specialist TMD Security launched One Touch Access, …
• 4 October

  Wavering PayPal Withdraws From Libra

  

  Confirming speculation that it was having second thoughts about officially joining the Libra Association, PayPal Holdings Inc. disclosed Friday afternoon that it was withdrawing from the controversial cryptocurrency project proposed by Facebook Inc. “PayPal has made the decision to forgo further participation in the Libra Association at this time and …
• 4 October

  Eye on Cryptocurrency: PayPal Skips a Libra Meeting; Ohio Suspends Bitcoin Payments

  

  In a bad week for cryptocurrency, a news report emerged late Thursday that PayPal Holdings Inc. skipped a key meeting of backers of Facebook Inc.’s Libra initiative. And, in the state of Ohio, officials on Wednesday suspended a pioneering site that accepted business taxes via Bitcoin. Twenty-seven of the 28 …
• 4 October

  Samsung Pay Cash Debuts and other Digital Transactions News briefs from 10/4/19

  

  The Samsung Pay mobile wallet introduced a Mastercard-branded virtual prepaid card called Samsung Pay Cash, which is accepted at all locations that accept Mastercard and Samsung Pay transactions. The technology behind the card is provided by Netspend, a unit of Global Payments Inc. The move comes on the heels of Samsung …