News

February, 2014

• 13 February

  Durbin Wants To Know How Well His Debit Card Fraud-Prevention Adjustment Is Working

  In the wake of recent data breaches at Target Corp. and other retailers, U.S. Sen. Richard Durbin, author of a famous amendment that regulates debit card interchange, and an ally want to know how well a provision in the amendment that gives a debit card issuer an extra penny in …
• 12 February

  Revel Systems Adds Bitcoin Support to its iPad POS System

  Revel Systems Inc. is the latest payments organization to support Bitcoin with the announcement Tuesday that consumers can use the digital currency with its iPad-based point-of-sale system. San Francisco-based Revel is working with Bitcoin wallet provider Coinbase to integrate acceptance. Revel added Bitcoin acceptance because of about 30 requests from …
• 12 February

  MCX Takes Big Step Toward Launch With Deal To Use Paydiant Mobile Technology

  Merchant Customer Exchange, the retailer-controlled mobile-payments network, took another step toward launch on Wednesday when it announced a deal with Paydiant Inc. to use the startup wallet provider’s technology at member merchant locations. Dallas-based MCX also said Wendy’s International LLC, the hamburger chain, and regional grocery chain Acme Fresh Market …
• 11 February

  ISOs Hone Their Tablet-based Point-of-Sale Products

  Up Solutions, the cloud-based point-of-sale division of United Merchant Services Inc., has set its Up Tab restaurant POS system at zero cost for resellers, the company announced today. Separately, Harbortouch has updated its POS Sales Center iPad app with new functions. Comprising an Android-based tablet, stand, printer, card reader, and …
• 10 February

  As EMV Comes to the U.S. Market, Canada’s NBS Buys Terminal Maker Equinox

  Equinox Payments LLC has a new owner. In a bid to strengthen its hand in the market for EMV gear in the United States, NBS Payment Solutions Inc. announced late Thursday it bought the Scottsdale, Ariz.-based payment-terminal maker for an undisclosed amount from the private-equity investment firm Gores Group LLC. …
• 10 February

  AmEx Ramps Up Effort To Sign Small Merchants With Its OptBlue Program

  American Express Co. is stepping up its campaign to add small merchants to its acceptance base with a program called OptBlue that gives partner merchant acquirers a greater role than they had with an older program called OnePoint. AmEx started testing OptBlue late last year and revealed details about it …
• 6 February

  Apple Bans Another Bitcoin Wallet, Stirring Protests But Perhaps Boosting Its Own Wallet

  Apple Inc. removed from its vast mobile-applications market called the App Store the Blockchain mobile wallet for accessing the Bitcoin virtual currency, an action Blockchain claims will leave no native Bitcoin options for users of Apple’s iOS mobile devices such as the iPhone and iPad. Apple’s move quickly stirred protests …
• 5 February

  Contactless Payment Scheme Enables Consumers to Fill Up on Fuel and Loyalty Points

  A new contactless payment scheme available from On Track Innovations Ltd. enables consumers to pay for fuel at the pump without removing their payment card from their wallets. n Currently, EasyFuel Plus is available in Europe and other international locations. OTI says plans to market it in the United States …
• 5 February

  Chip Standards Body Fast-Tracks New Token Standard in Wake of Target, Other Recent Breaches

  EMVCo., the international standards body for chip cards based on the EMV specification, is fast-tracking a specification for card-number tokenization in the wake of recently disclosed data breaches at major retailers, including the theft of card and other information on 110 million customers of Target Corp. The chip card organization …
• 4 February

  Small-Merchant PCI Compliance Is on the Rise, Acquirer Survey Shows

  Close to 60% of ISOs and other processors are reporting compliance rates of 40% or better among their portfolios of so-called Level 4 merchants, up about five percentage points from a year ago, according to a survey released by Atlanta-based security-solutions vendor ControlScan Inc. and the Merchant Acquirers’ Committee, a …