Point-of-sale

November, 2019

• 22 November

  Rising Competition Is Pressuring ISVs, But Also Threatens Existing ISO Relationships

  

  In recent years, independent sales organizations and payment processors have generated plenty of lucrative business by working with software developers and marketers—businesses usually known as independent software vendors, or ISVs. But now a report indicates the software market is getting increasingly crowded, a development ISVs fear is pressuring prices. It’s …
• 22 November

  Church’s Chicken Investigating Possible Breach and other Digital Transactions News briefs from 11/22/19

  

  The Church’s Chicken restaurant chain said it is investigating a possible breach of credit and debit card data at about 165 company-owned locations in 11 states. The company, which said it is working with federal authorities, has hired a cybersecurity firm and has notified the card networks and credit-reporting agencies.Recurring household bills …
• 20 November

  Eye on Contactless: Credit Unions’ Contactless Cards Grow; Mastercard’s New Transit Partner

  

  A leading credit-union service organization reported Wednesday that it has distributed half a million contactless payment cards through some of its members, and Mastercard Inc. has paired up with a French investment firm with an eye on bringing new fare technology to mass-transit systems. St. Petersburg, Fla.-based PSCU says it …
• 20 November

  Top Chargeback Cities Ranked and other Digital Transactions News briefs from 11/20/19

  

  Chargebacks911, a dispute-mitigation and risk-management provider, said Santa Barbara, Calif., has the highest rate of fraudulent credit card chargebacks at 6.79%, followed by Paradise Valley, Ariz., 6.73%, and La Mirada, Calif., 6.68%. Other top 10 cites are listed in the company’s chargeback study, the second since 2014.Mobile-shopping and -payments app …
• 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 …