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- The Federal Reserve released the names of 27 payments-industry executives who will serve on a work group focused on developing a governance framework for faster payments in the United States.
- Fifty-five percent of U.S. credit and debit card spend is now on chip cards and 96% of the top 200 merchants accept the cards, said the U.S. Payments Forum. That’s according to data collected from American Express Co., Discover Financial Services, Mastercard Inc., and Visa Inc.
- Hotelier Hyatt Corp. said it had discovered a data breach that affected payment card information at some Hyatt-managed locations earlier this year, KrebsOnSecurity reported. In 2015, the chain reported a breach of card systems at 250 properties in 50 countries.
- Galileo, a processing and program-management platform for prepaid, debit, and virtual transaction processing, released its open application programming interface code for developers.
- Cloud-based point-of-sale system provider Revel Systems announced an integration with LoyaltyPlant that enables Revel to offer mobile ordering and loyalty programs to merchants.
- EVO Payments International announced it received an Oracle Validated Integration certification with Oracle’s eBusiness Suite.
- STK Global Payments announced a global advisory team four weeks in advance of a planned token-generation event to raise capital. The company’s product, the STK token, enables contactless cryptocurrency transactions in a wallet provided by Stack, a Toronto-based digital-banking startup.
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