Digital Transactions Authoritative, insightful and timely information for payments professionals
• The clearXchange peer-to-peer payments network will be renamed Zelle, according to a report in The Wall Street Journal. The service is operated by Early Warning Services LLC, which is owned by some of the nation’s biggest banks.
• Samsung Electronics Co. Ltd. marked the first anniversary of its Samsung Pay mobile-payments service by announcing the service has processed 100 million transactions so far in seven countries. More than 440 banks now support Samsung Pay, the company added.
• Terminal maker PAX Technology announced a new portable device, the Q80, which the company says is its smallest desktop terminal so far.
• Card-technology vendor Oberthur Technologies said its embedded secure element, known as PEARL by OT, has become the first such product globally to be certified by Visa Inc., MasterCard Inc., and American Express Co. for biometric-compliant payment applets. The embedded secure element is designed to protect credentials and data applications within smart phones and other connected objects from software and hardware attacks.
• Bank of America Corp. and Viewpost North America, a startup provider of real-time cash-management solutions, have announced they are working together to enable a direct integration to Viewpost for more than 3 million small-business customers through their online banking account at BofA. The integration will give the businesses direct access to invoicing and e-payments capability as well as cash-management tools.
• The National ATM Council and Conexxus, an information technology association, released the “ATM Skimming Detection & Deterrence Guide” to aid convenience store and retail ATM operators.
• Fraud-prevention provider Kount Inc. announced Gordon E. Eubanks, who previously worked at Oblix Inc. and Symantec Corp., joined its board of directors.
