Digital Transactions Authoritative, insightful and timely information for payments professionals
• Prepaid card provider Green Dot Corp. reported that second-quarter net income more than doubled from a year earlier to $7.78 million on a 2% increase in operating revenues to $173.5 million. While Green Dot’s active card count of 4.28 million was down 11% from a year earlier, purchase volume increased 1% to $3.86 billion. Green Dot recently went through a proxy fight.
• Two NCR Corp. researchers at the Black Hat USA conference in Las Vegas demonstrated how hackers could steal data from payment cards, even EMV chip cards, when a rogue device intercepts communications between a PIN pad and a merchant’s point-of-sale system. Such data thefts are possible because PIN pads often fail to authenticate POS systems, according to Dark Reading.com.
• Payment processor 3Delta Systems Inc. said it has formed an alliance with JPMorgan Commerce Solutions to allow businesses to process card payments globally in more than 100 currencies.
• Swych Inc., a mobile-gifting company, launched its iOS app that enables consumers to upload and convert physical gift cards into an electronic form and manage all of them.
• TouchSuite, a unit of American Bancard LLC, announced that its Lightning Register point-of-sale software is now available on any Android device or the Poynt Co. Smart Terminal.
• Casio America Inc. introduced QSR Version 2.0, point-of-sale software designed for use with Casio’s Android-based touch screen terminals.
• Fleet-fueling card provider FleetCor Technologies Inc. said North American transactions increased 5.7% year over year in the second quarter to 411.6 million. About 76% of the 2016 transactions came from the SVS business that FleetCor acquired when it bought Comdata Inc. in November 2014.
• The National Restaurant Association released “Mapping the Restaurant Technology Landscape,” a report that surveyed more than 500 restaurant operators. Among its findings is that limited-service restaurants have a significantly higher adoption rate of customer-facing technologies, such as online ordering, smart-phone apps, and mobile-payment acceptance.
• An ABI Research report suggests the chip card makers will turn to new form factors as EMV chip card issuing stabilizes in the United States.
