A data-security services firm says it has spotted approximately 200,000 payment card numbers in online fraudster marketplaces stolen from a collections firm serving diagnostic laboratories, but it expects more to come up for sale later. Secaucus, N.J.-based Quest Diagnostics Inc. reported Monday that financial and other data on some 11.9 …
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PayFi Adds Real-Time Payments Option and other Digital Transactions News briefs from 6/4/19
PayFi, which provides a banking platform, said it will offer real-time payments services from The Clearing House Payments Co. LLC to community banks. Most U.S. consumers—38%—are likely to use a credit card for online subscription payments, finds a report from GoCardless, a recurring-payments company. Thirty-four percent choose a debit card, …
Read More »MagicCube Looks to NTT to Help Bring PIN-on-Glass to Merchants in Japan
For decades, PIN entry has been restricted to specialized hardware devices, such as PIN pads on ATMs and at the point of sale. On Monday, a Santa Clara, Calif.-based software company headed by a former Visa Inc. executive said it will start offering to retailers in Japan its technology for …
Read More »A Touchy Subject
The ducks are lining up for U.S. contactless payments with dual-interface cards, but they’re not all in a row yet. Outdated POS terminals and certification issues still stand in the way. Forget the swipe, and even the dip. Tapping plastic cards is the wave of the future, in the eyes …
Read More »Malware Found in Multiple Checkers And Rally’s Fast-Food Locations
Checkers Drive-In Restaurants Inc. said malware was discovered and removed from its point-of-sale system at some Checkers and Rally’s locations. Checkers said 15% of its nearly 900 locations were affected. The timing of the malware exposure varies, with one Los Angeles location infected from Dec. 17, 2015 to March 26, …
Read More »Attacks From Rogue Mobile Apps Jump 300%, and CNP Fraud Continues To Boom, RSA Finds
Fraud attacks involving rogue mobile applications jumped nearly 300% in the first quarter from the preceding quarter, and fraudulent card-not-present transactions rose 17%, fraud-control services provider RSA Security says in a new report. Bedford, Mass.-based RSA says it flagged 41,313 attacks from rogue apps compared with 10,390 in 2018’s fourth …
Read More »Chase To Buy InstaMed and other Digital Transactions News briefs from 5/17/19
JPMorgan Chase & Co. said it will buy InstaMed, a specialist in health-care payments. Terms were not disclosed. In April, InstaMed released an app with a blockchain prototype that it said will demonstrate how the technology can support adjudication and payment for insurance claims, patient billing, and patient payment. NLS …
Read More »EVO Buys Gateway and other Digital Transactions News briefs from 5/1/19
Merchant processor EVO Payments Inc. says it has a deal to acquire the payment-gateway assets of Mexico City-based SF Systems, which has developed integrations with many of Mexico’s largest point-of-sale systems. EVO has been working with SF Systems since it entered Mexico in 2015. Terms of the deal were not …
Read More »11th Annual Field Guide to Alternative Payments
Churn is still the overarching theme in a dynamic market dominated by mobile options and eyeing digital currency. You can tell a lot about the dynamism of a market by how often its players turn over—how many new companies enter the market from year to year and how many fail …
Read More »How Apple Card Pushes Digital Authentication—And Apple Pay
Apple Inc.’s new Apple Card is another push from the computing giant to move payments into a digital realm under Apple’s control, according to analysts. Apple last month announced the card, which bears a Mastercard Inc. brand and will be issued by Goldman Sachs Group Inc. The product, which eschews …
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