Digital Transactions Authoritative, insightful and timely information for payments professionals
• More than 120 retailers, including Wal-Mart, Target, Kroger, Best Buy, and 7-Eleven, signed a letter urging the U.S. House of Representative’s Financial Services Committee to reconsider the elimination of the Durbin Amendment that would happen if two pending bills become law.
• After a three-week trial, a Superior Court judge in Seattle has ruled that Dan Price, cofounder and chief executive of independent sales organization Gravity Payments, did not overcompensate himself and misuse company funds, allegations made in a suit brought his brother, Lucas Price, according to Fortune. Lucas Price has been ordered to pay Dan Price’s legal fees. Dan Price gained fame last year for setting his employees’ minimum salaries at $70,000 and promising to reduce his own pay to that level from $1.1 million. Dan Price owns two-thirds of the company, while his brother owns the other third.
• Payments provider Apriva announced it has completed a third EMV certification with First Data Corp. for its AprivaPay Plus mobile-payments platform, which merchants use for mobile point-of-sale processing.
• Computop, a German card-not-present payment-services provider that also serves the U.S. market, announced it has integrated Amazon.com Inc.’s Login And Pay With Amazon checkout process, which cuts checkout time on e-commerce sites for Amazon users.
• Fifth Third Bancorp said it made Cardtronics Inc.’s Allpoint surcharge-free ATM network, which has 43,000 ATMs, available to its customers.
• Omni Hotels & Resorts said it discovered malware on its network that collected payment card information from point-of-sale systems at some of its properties between Dec. 23 and June 14, although most locations were affected for a shorter time. The Wall Street Journal said the malware hit 49 of the chain’s 60 properties and that a hacker sold 50,000 payment card numbers stolen in the breach on online underground forums.
• The Western Union Co. renewed its 20-year relationship with Rite Aid Corp. through which customers at the drug-store chain’s 4,550 locations can make wire transfers, pay bills, and buy money orders.
• Loyalty and payments startup nanoPay Corp. appointed Tracy Molino to the position of general counsel and chief compliance officer. Molino formerly was counsel at Bank of Montreal (BMO) and the Canadian Payments Association. The company’s MintChip digital-currency solution recently went live in Toronto.
