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- Declining use of cash at Atlanta’s Hartsfield-Jackson International Airport has prompted the Atlanta City Council to re-bid a contract for banking services at the world’s busiest airport after only one bank, SunTrust, responded to the original proposal, the Atlanta Journal-Constitution reported. The incumbent, Wells Fargo, claims ATM revenues have declined and that its airport service is unprofitable.
- International processor Planet Payment Inc. said it is exploring “strategic alternatives” that could include a sale of the company. Separately, the company reported second-quarter financial results that include a 4.5% year-over-year revenue decline to $12.5 million, but net income increased 54% to $1.97 million.
- Mitek Systems Inc., developer of software for mobile remote deposit capture and identity verification, added near-field communication capabilities to its Mobile Verify application, enabling it to read biometric data embedded on radio frequency identification chips. With NFC, authentication can occur by touching a document, such as a passport with an RFID chip, to a smart phone, Mitek said.
- Glance Technologies Inc. said the Best Western Plus Sands Hotel in downtown Vancouver, British Columbia, has agreed to allow guests to pay for room service using Glance Pay Anywhere, a mobile-payments app.
- Payments-technology provider MagTek Inc. announced a partnership with DishOut LLC, a stored-value payments company, to offer a toolkit for faster mobile-payment offerings. MagTek also announced that Tray, a point-of-sale software developer for restaurants and retail, will use its Magensa Payment Protection Gateway. In product news, MagTek released the kDynamo, a tablet case with a built-in card reader. The company also launched the Dynasty, a mobile point-of-sale device.
- The ATMIA, a trade association for ATM operators, published a blueprint for the next generation of ATMs.
- The chips in EMV credit and debit cards can fall out of the plastic card, creating a data-security risk if fraudsters obtain loose chips, WLS, the ABC television affiliate in Chicago, reported.
- TerraPay, a London-based company that claims it is the “world’s first mobile-payments switch,” said it has approval from the Bank of Uganda to send money transfers to mobile wallets in that country.
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