Wednesday , November 13, 2024

CPI Receives Card Patents and other Digital Transactions News briefs from 10/18/17

  • For U.S. Bancorp’s Elavon unit, merchant-processing revenues were down slightly in the third quarter, to $405 million, compared to a year ago, according to the bank’s earnings release. But revenue year to date is up 0.2%, at $1.19 billion, compared to the same period in 2016.
  • Payment card manufacturer CPI Card Group Inc. said it received three U.S. patents for its “Encased Tungsten Fusion” card, a metal card consisting of tungsten enclosed in PVC plastic. The company also received patents for the card in Canada and the United Kingdom.
  • Five Star Bank in upstate New York said its customers now have access to Cardtronics plc’s Allpoint network of surcharge-free ATMs.
  • MagicCube, developer of technology for software-based PIN entry on mobile devices, has joined the PCI Security Standards Council as a participating organization.
  • Canadian payments provider Bambora, which was acquired by Ingenico Group in July, opened an office in Toronto.
  • In related news, U.S.-based TV streaming service Worldstream Media Inc. selected Ingenico ePayments for payment processing in Europe.
  • NCR Corp. said its Epsilon EMV solution has received certification with Wayne Fueling Systems, a vendor of fuel-dispensing, payment, automation, and control technologies. The liability-shift deadline for fuel-pump EMV is October 2020.
  • Wex Inc. announced a 10-year extension of its fleet card contract with convenience-store chain Sheetz Inc.

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