Point-of-sale

November, 2019

• 19 November

  HSBC Adds Real-Time Payments and other Digital Transactions News briefs from 11/19/19

  

  HSBC Bank USA N.A. has made a real-time payments service, via The Clearing House Payments Co. LLC, available to its commercial and institutional clients. HSBC said these clients have been able to receive real-time payments since July and now can send them. HSBC expects to roll out the service to its consumer …
• 18 November

  Visa Confirms the FTC Is Probing Its Debit Transaction Routing Practices

  

  Confirming rumors that the Federal Trade Commission is looking into issues involving debit card transaction routing, Visa Inc. late last week reported the Federal Trade Commission has asked it to voluntarily provide information about its routing practices. In a brief notice in its fiscal 2019 report to the Securities and …
• 18 November

  As the E-Commerce Gateway Business Heats up, Elavon Strikes a Deal for Sage Pay

  

  U.S. payments companies looking to acquire properties in key markets like e-commerce and merchant acquiring have found a willing seller in Sage Group PLC. Early Monday, the company announced it agreed to sell its payments gateway, Sage Pay Europe Ltd., to Atlanta-based Elavon for $300 million. The deal will bring …
• 18 November

  Checkers Contends With POS Malware and other Digital Transactions New briefs from 11/18/19

  

  Checkers Drive-in Restaurants Inc., which in May said malware had affected certain of its Checkers and Rally’s locations, said it is aware the malware had affected one more Checkers and Rally’s location and also that the malware had been re-installed at “several” locations the company had previously identified as affected. The company …
• 15 November

  Could a Move in the German Parliament Break Apple’s Hammerlock on the NFC Chip?

  

  Ever since Apple Pay debuted in 2014, Apple Inc. has kept the near-field communication chip in its devices off-limits to payment apps from other companies. But now legislation has appeared in Germany that may force the computing giant to grant access to that all-important chip, which allows Apple phones and …
• 14 November

  Integrated Payments Help Priority Technologies Move Beyond Subscription Billers

  

  Merchant processor Priority Technology Holdings Inc. posted an 11% increase in payment volume in the third quarter despite the wind-down of its once-sizable processing business for online subscription billers. Alpharetta, Ga.-based Priority said it processed $10.8 billion in merchant bank card volume versus $9.71 billion in 2018’s third quarter, on …
• 14 November

  FTC Probes Debit Routing and other Digital Transactions News briefs from 11/14/19

  

  The Federal Trade Commission has started a preliminary inquiry into whether Visa Inc., Mastercard Inc., and large debit card issuers are blocking merchants from routing transactions over PIN-debit networks, the Bloomberg Law news service reported, citing anonymous sources. FTC investigators reportedly have contacted merchants and their trade groups, Bloomberg Law said. Spokespersons for …
• 13 November

  PCI Compliance Drops for the Second Year in a Row, Verizon Reports

  

  Compliance with the Payment Card Industry data-security standard remains an elusive goal for many merchants and other organizations that handle general-purpose payment card data. In fact, compliance fell in 2018 for the second year in a row, according to Verizon Communications Inc. Verizon’s newly released Payment Security Report says only …
• 12 November

  USAT Boasts 25% Revenue Increase and other Digital Transactions News briefs from 11/12/19

  

  Unattended-payments specialist USA Technologies Inc. held its first quarterly earnings call in more than a year following the resolution of accounting issues. In it, USAT reported first quarter fiscal 2020 revenue of $42.1 million, a 25.7% increase from $33.5 million a year ago. Its net loss for the quarter was $12.8 million, …
• 8 November

  Final Arguments Heard in MDL 1720 Interchange Suit and other Digital Transactions News briefs from 11/8/19

  

  U.S. District Judge Margo K. Brodie heard final arguments from lawyers Thursday on the fairness of a proposed settlement in the 14-year-old MDL 1720 credit card interchange case but, as attorneys involved in the case said was probable, did not make an immediate determination from the bench. Brodie in January gave preliminary …