In the race to attract and retain today’s always-on, mobile-savvy consumer, most companies are developing their own e-commerce apps at a fast and furious pace. But small glitches, and even major mishaps, can occur when app testing is rushed or overlooked altogether, leading to unhappy consumers, lost sales, and a …

Point-of-sale equipment maker ExaDigm Inc. changed its name to Nexgo Inc., which is a subsidiary of XGD Group. Bluefin Payment Systems LLC said Convenient Payments LLC, developer of the GovTeller point-of-sale software, will use Bluefin’s encryption services. Shift4 Payments released its RESTful application programming interface for its integration partners. A …

Mark the latest data breach as another conquest for hackers. Earl Enterprises, owner of the Buca di Beppo, Bertucci’s, Planet Hollywood, and the Earl of Sandwich restaurant chains, among others, said point-of-sale malware captured credit and debit card information from May 23, 2018, through March 18, 2019, at a variety …

The Trump administration is considering sanctions that would ban Visa Inc., Mastercard Inc., and financial institutions from handling transactions in Venezuela, according to Reuters. The move would be aimed at restricting the ability of the Venezuelan government, headed by embattled president Nicolas Maduro, to access funds. IBM Corp. may be …

To purloin crypto, hackers are importing successful—and very familiar—methods from the world of fiat money. Here’s what experts say needs to be done. Security has always been a big selling point for Bitcoin and other cryptocurrencies. The crux of the security argument is twofold. Unlike cash, cryptocurrencies are encrypted in …

NCR Corp. announced it acquired BEC, said to be a leading provider in Colorado of point-of-sale technology for the hospitality industry. BEC, which accounts for 2,600 sites, has been an NCR reseller for 23 years. Terms were not announced. After years of unsuccessful attempts to win government approval to operate …

Hamburger chain The Wendy’s Co. announced a $50 million settlement of class-action lawsuits filed against it after a data breach that began in 2015. The 7,500 bank and credit-union plaintiffs alleged the breach was caused by malware that affected point-of-sale systems at more than 1,000 franchised Wendy’s locations. Some 18 …

As if retailers and merchants didn’t have anything else to worry about, a malware threat called IcedID wants to set itself off as a special type, says a researcher at IBM Corp. In a blog post released Wednesday, the researcher says the criminal gangs using IcedID—disovered and named by IBM …

Person-to-person transactions in real time pose unique risks. Here’s how to manage them while ensuring a great experience for users. Splitting the lunch bill. Paying a friend back for picking up those last-minute tickets. Covering the cost for your kid’s college textbooks. Each of these scenarios represents an opportunity for …

Banks and credit unions will face an uphill battle fighting account-application fraud in the next few years, according to a new report from Aite Group LLC. Boston-based Aite projects that financial institutions will spend $781 million in 2022 on services for thwarting credit card application fraud, up 40% from $557 …