News

June, 2014

• 24 June

  Retailer Confidence in Detecting Data-Security Breaches Abounds, But Is It Warranted?

  Retailers have a hearty sense of confidence when it comes to how quickly their organizations would detect a data breach, especially one that targets sensitive payment information, finds a survey from Tripwire Inc., a data-security company. In the survey of 154 retail organizations, 60% said their systems could detect a …
• 24 June

  Spurred by Fraud and Fear, Debit Card Issuers Cast Aside Their EMV Reservations

  Nothing like a good data breach to serve as a kick in the pants. Thanks in part to Target Corp.’s breach that compromised 40 million payment cards, debit card issuers are committing themselves to the Europay-MasterCard-Visa (EMV) chip card standard to a much greater extent than they did a year …
• 24 June

  How a Digitally Minded Clientele Led a Small C-Store/Deli Chain to Install Bitcoin ATMs

  With Bitcoin ATMs now having been deployed in scores of locations around the world, merchants are starting to see how the machines could potentially drive traffic and sales—especially with a younger, hipper clientele. The latest merchant to install Bitcoin machines is Locali Conscious Convenience, a three-store deli and convenience-store chain …
• 23 June

  Mystery Surrounds Upcoming Auction of Silk Road Bitcoins Seized by Feds

  One of the most unusual auctions ever is scheduled for Friday, but the event is largely shrouded in mystery. Beginning at 6:00 a.m. Eastern and continuing for 12 hours, the U.S. Marshals Service will take sealed online bids for 29,657 Bitcoins that the FBI seized in its bust last October …
• 23 June

  Opening Its Developer Platform, SimplyTapp Seeks to Ease Cloud-Based NFC for Issuers

  The startup that popularized a cloud-based approach to mobile payments using near-field communication (NFC) on Monday opened to card issuers and mobile-application providers a developer platform that could make it cheaper and easier to include digital cards in mobile apps. The platform, from Austin, Texas-based SimplyTapp Inc., offers tools specific …
• 19 June

  Amazon’s First Smart Phone Harbors a Big Mobile Commerce Promise For the Retailer

    Rumors from the past few years that Amazon.com Inc. was building a smart phone bore fruit Wednesday when the online retailer revealed the Amazon Fire, a mobile device built to ease the mobile commerce experience on its Web site. It may herald another way to shop Amazon, but it …
• 18 June

  POS Vendors Flint And Vend Link Up with Intuit for a QuickBooks Online Integration

  Small businesses using Vend Ltd. point-of-sale systems and a mobile-payment acceptance app from Flint Mobile Inc. can now link payment data from these services to their QuickBooks Online accounts. Vend is a New Zealand-based company that markets a POS system that works on desktop computers, Apple computers, and the iPad. …
• 18 June

  Hoping to Boost Volume, Dwolla Debuts A Service That Simplifies Sending Payments

  Alternative payment network Dwolla Inc. has added Dwolla Direct, a method for individuals and organizations to send a payment via the network without registering for a full Dwolla account. Instead, they complete an online form that asks for an e-mail address, password, and bank account information. The process takes place …
• 18 June

  Cardtronics Seeks Greater Volume on Deposit-Taking ATMs Through New Links to Allpoint

  By Jim Daly n The surcharge-free Allpoint ATM network will begin offering deposit-taking services to customers of U.S. member financial institutions at 2,500 ATMs in 7-Eleven Inc. stores and other locations, Allpoint owner Cardtronics Inc. said Wednesday. n The deal represents a new way for Cardtronics, which owns or operates …
• 17 June

  Retailer Trade Groups Seek To Overturn Judge’s Approval of Interchange Settlement

  Two retailer organizations dissatisfied with a $5.7 billion settlement of a class-action antitrust case alleging unfair credit card interchange rates have filed the next step in their appeal of the settlement. The National Retail Federation and the Retail Industry Leaders Association said Monday they filed a joint brief with the …