News

October, 2016

• 17 October

  Visa Says CEO Scharf Has Quit And Will Be Replaced By Former AmEx Exec Kelly

  

  By John Stewart @DTPaymentNews Visa Inc. stunned the payments industry late Monday with an announcement that its chief executive, Charles Scharf, has resigned, effective Dec. 1. Scharf will be replaced by Alfred F. Kelly, a 23-year veteran of American Express Co. and currently a Visa board member. Kelly, whose service …
• 14 October

  Noble House Again Reports Data Breach and other Digital Transactions News briefs

  • The rash of hotel breaches continues. Noble House Hotels & Resorts said it confirmed that a payment card system used at its Teton Mountain Lodge & Spa and Hotel Terra may have been breached between Sept. 5 and Sept. 6. The company said there are no indications the breach …
• 14 October

  Looking for the Hot Tech Trend in Payments? Hint: It’s Not Mobile Apps Any More

  

  By John Stewart @DTPaymentNews While the payments business is caught up these days in working out strategies for mobile apps and social media, it turns out these aren’t the cutting-edge technologies they once were. Instead, fields like virtual reality, machine learning, and natural language are winning the spotlight. That’s according …
• 14 October

  Costco’s Cobranded Portfolio Gives a Big Lift to Citi’s Credit Card Transaction Volume

  

  By Jim Daly@DTPaymentNews Its first full quarter of ownership of the big Costco Wholesale Corp. cobranded credit card portfolio helped to boost Citigroup Inc.’s North American purchase volume by 57%, the giant New York City-based bank reported Friday.
• 13 October

  Wayne Lines Up Kroger Fuel Pump EMV Transition And Earns First Data EMV OK

  

  By Kevin Woodward@DTPaymentNews With the deadline for EMV compliance for fuel resellers a year away, fuel-pump maker Wayne Fueling Systems LLC is readying its products for the transition from magnetic-stripe payment cards. Wayne says its NAMOS point-of-sale system is now available for EMV transactions on First Data Corp.’s network, and …
• 13 October

  Samsung Pulls All Note 7 Devices and other Digital Transactions News briefs

  • Payments provider TransFirst, a unit of Total System Services Inc. (TSYS), and Raintree Systems, which provides specialized practice-management software, formed a partnership that sees TransFirst as the integrated payments provider in Raintree’s software. • Following its decision earlier this week to halt production, sale, and exchange of its troubled …
• 12 October

  American 1 Says Its Ban on Wendy’s Card Transactions Will Continue ‘Until Further Notice’

  

  By John Stewart @DTPaymentNews Ripple effects from the Wendy’s Co. data breach continue to swirl around the Columbus, Ohio-based hamburger chain, some perhaps in unexpected ways. A Michigan credit union that last week began declining credit and debit card transactions by its members at all Wendy’s locations refuses to say …
• 12 October

  New Payments Shop Fuzse Debuts With a Strategy To Reach Merchants Via Developers

  

  By Kevin Woodward@DTPaymentNews Fuzse, a new payments company targeting merchants that want seamless payment flows, is embracing software developers and independent software vendors as a way to reach them. The Dallas-based company, founded by Lane Conner, a former executive at First American Payment Systems L.P., Century Payments, and most recently …
• 12 October

  NFC Forum Releases Four Proposed Specs and other Digital Transactions News briefs

  • Payment gateway Shift4 Corp., which claims to have introduced in 2005 the first payment-data tokenization solution, announced it has surpassed the 7-billion mark in tokenized transactions. • The NFC Forum announced it has made available a newly adopted and four candidate technical specifications for near-field communication. The adopted specification …
• 12 October

  Fed Task Forces Evaluating 19 Proposals as Industry Works Toward Faster Payments

  With an eye on having tangible proposals out by mid-2017, two Federal Reserve task forces are about to evaluate 19 plans to make electronic payments faster. Speed and security usually come to mind first when payments executives talk about improving the U.S. payment system, but other factors increasingly important to …