News

January, 2014

• 22 January

  Global Gateway Adyen Sees $14 Billion in 2013 Transactions, Up 40% from 2012

  Global payment gateway provider Adyen processed more than $14 billion in global payments in 2013, a 40% increase from $10 billion in 2012, the company recently announced. n Mobile transactions in particular are growing for the Amsterdam-based company, and taking a larger share of overall transactions. Mobile payments accounted for …
• 22 January

  EBay Boss Donahoe Issues a Strong Rebuff to Raider Icahn’s Call for a PayPal Spinoff

  The board of directors of eBay Inc. is “unified” in opposing a proposal from famed activist investor Carl Icahn that the company spin off its PayPal Inc. unit, eBay chief executive John Donahoe told analysts Wednesday afternoon. Calling the proposed separation a “distraction” coming just as eBay is trying to …
• 21 January

  Target’s Data Breach Lifts 2013’s Tally of Compromised Payment Cards Way Past 2012’s Total

  The number of credit and debit cards compromised in 2013’s data breaches was on track by mid-December to be more than double the number of cards compromised in 2012, but then along came Target Corp.’s massive breach that exposed 40 million more. Thus, the Identity Theft Resource Center now estimates …
• 21 January

  Breaches Underscore EMV Routing Divide As ATMIA Critiques MasterCard Stand

  The recently disclosed data breaches at Target Corp. and Neiman Marcus Group have breathed new life into an industry dispute over how to account for network choice in routing EMV debit transactions. The ATM Industry Association on Tuesday issued a statement critical of MasterCard Inc. for earlier this month declaring …
• 20 January

  Security Firm Identifies Alleged Target Malware Creator as Russian Teen

    A 17-year-old Russian boy is behind the malware that has wreaked havoc at Target Corp., says IntelCrawler LLC, a Sherman Oaks, Calif.-based data-security company. In a release posted on its Web site Friday, IntelCrawler disclosed that it tracked down the alleged hacker via its own sources, including chat transcripts …
• 16 January

  Amid EMV Travails, X9 Convenes a Meeting to Investigate Standards for Debit Routing

  Against a backdrop of knotty problems besetting the U.S. introduction of EMV, a financial-services standards body is investigating the potential for a set of non-proprietary chip card rules for EMV debit routing. n The group also broke up into subgroups during the meeting, which was held Dec. 9-10 at the …
• 15 January

  Mobile Devices Capture the Lion’s Share of Consumer Remote Deposit Capture Users

  A new research report from Celent LLC estimates that the number of consumers using the mobile variant of remote deposit capture (RDC) nearly doubled in 2013 and predicts that users will triple by 2016 to 61 million. Along with documenting its growth, however, the report says remote capture is sustaining …
• 14 January

  Experts Differ on Whether EMV Chip Cards Provide Data-Breach Immunity

  The huge data breach at Target Corp. and now one at upscale department store Neiman Marcus Group and possibly other retailers has introduced many Americans to the term “EMV” and the possibility that more secure Europay-MasterCard-Visa chip cards will replace vulnerable magnetic-stripe credit and debit cards in the United States. …
• 14 January

  Aiming at Larger Enterprises, Roam Debuts a Centralized Management Tool for Mobile POS

  U.S. retailers and businesses using Roam Data Inc.’s mobile point-of-sale card reader and its software have a new tool to manage multiple readers. Boston-based Roam released Monday ROAMmcm 5, a platform for controlling the payment card readers that attach to smart phones and tablets. n With it, entities can set …
• 14 January

  Tapping Its Security Reputation, Brink’s Teams with 2Checkout To Offer Online Payments

  Hoping to build off its security reputation, The Brink’s Company announced Tuesday it launched Brink’s Checkout, an e-commerce payment service in conjunction with 2Checkout.com Inc., an e-commerce payment-services company. The famed armored-car company will market and sell Brink’s Checkout, while 2Checkout will provide the payment processing, oversee the merchant application …