News

March, 2017

• 29 March

  Mastercard Buys NuData Security And Other Digital Transactions News Briefs

  • Mastercard Inc. has agreed to acquire NuData Security, whose technology identifies users from their online, mobile-app, and smart-phone interactions. Terms were not disclosed. • Fair Isaac Corp., otherwise known as FICO, said it detected 70% more compromised debit cards at U.S. ATMs and point-of-sale terminals in 2016 than it did …
• 27 March

  With an Update, Square Shaves More Seconds From Contact EMV Processing Time

  

  Merchant acquirer Square Inc. has again improved the speed of EMV transactions made with its contact chip card reader, lowering the speed from 4.2 seconds, as reported in November, to 3.6 seconds, as noted by Jack Dorsey, Square chief executive and chairman, in a Twitter post on Friday. Earlier in …
• 27 March

  A Supreme Court Rebuff Sends a Massive Credit Card Interchange Case Back to Brooklyn

  

  The U.S. Supreme Court on Monday heightened the uncertainty surrounding crucial payment card rules and practices by refusing to hear an appeal of a lower-court decision last summer that threw out a $5.7 billion antitrust settlement. The top court’s decision will likely lead to years of continuing litigation and negotiation, …
• 27 March

  COMMENTARY: Getting to ‘Yes’ for Faster (And Secure) Payments—Part II

  

  Part I of this three-part series outlined the development of the realization by the Fed’s payments task forces that payments are complicated, difficult, and expensive to change in order to make them safer and more efficient.  This installment deals with the growing concern about security threats that are shaping the …
• 26 March

  COMMENTARY: Getting to ‘Yes’ for Faster (And Secure) Payments—Part I

  

  This article is the first installment of a three-part series this week on what the Federal Reserve’s Faster Payment Initiative means to the payment economy in the U.S., and how the payments ecosystem might get to “yes” on fixing what’s broken and deploying what’s possible. This part deals with the …
• 24 March

  There’s No Lack of Ideas for Acquirers To Add Value Beyond Processing

  

  While independent sales organizations often say they want to compete on more than just price, pricing remains the main sales tool for many. But a growing number of ISOs and merchant acquirers are looking to add non-processing components to their product line-ups to attract and retain merchants. Several providers of …
• 24 March

  Despite the Perils of Passwords, Adults in All Age Groups Remain Wedded to Them

  

  Pundits have predicted the demise of the password for years, yet the simple user-name-and-password combination lives on, frustrating security pros and helping to fuel a spiraling epidemic of data breaches. The reason for the password’s longevity lies in its familiarity compared to newer, more effective authentication methods, says a report …
• 23 March

  Mobile Execs Mull Checkout Tech, Open Vs. Closed Networks, And Acceptance Costs

  

  By John Stewart @DTPaymentNews The future of checkout, the role of the big payments networks, and merchants’ card-acceptance costs preoccupied a panel of mobile-payments executives assembled Tuesday to assess the current state and near-term future of the still-developing payment technology. With respect to how in-store users should check out on …
• 23 March

  Cardtronics Renews With Scotiabank and other Digital Transactions News briefs

  • Wells Fargo & Co. will introduce cardless withdrawals to all 13,000 of its ATMs after testing the smart-phone-based service in various locales, a bank executive told Reuters. Wells reportedly is the first bank to roll out cardless ATM withdrawals across its entire ATM fleet. • ATM network operator Cardtronics plc …
• 23 March

  Cloud-Based TouchPass Brings a Subscription Model to Transit Agencies for Fare Payments

  

  The subscription model is coming to payments for transit fares. Delerrok Inc., a transit fare-system provider, launched TouchPass this week, a fare-collection service that transit operators pay for via a subscription. TouchPass, a product of transit veterans Bob Hamilton, Gary Yamamura, and Susumu Kusakabe, who is a patent holder for …