Jamie Walker’s growth mission as the newly anointed chief executive at Elavon Inc., the acquiring arm of U.S. Bancorp, is squarely focused on e-commerce and furthering the company’s partnerships. That isn’t to set aside its other distribution channels, such as independent sales organizations or its direct-sales efforts, Walker tells Digital …
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Payments Pros Confront an IoT Challenge: Securing Devices Without Impeding Usage
With a forecast of 15 billion new devices as part of the Internet of Things potentially coming online as payments devices by 2021, securing these devices, whether they are cars, wearables, or appliances, is emerging as a top concern. “We are seeing a huge increase in inadequately protected devices,” Graeme …
Read More »No Easy Answers as E-Retailers Contend With Compounding Payments Developments
Rattle off a selection of payment trends—EMV, tokenization, fraud—and many e-retailers may be beset by apprehension. That’s especially true if the retailer looks to support emerging payment types, according to Matt Herren, director of payments analytics at Computer Services Inc., a Paducah, Ky.-based financial-technology provider. Herren, speaking at the Merchant …
Read More »Petitioners Besiege Shopify and other Digital Transactions News briefs
• A small group of protesters came to the Ottawa, Ontario, headquarters of e-commerce services provider Shopify Inc. Thursday to deliver a stack of 140,000 signatures from people opposed to Shopify’s business dealings with alt-right news service Breitbart News, which runs its Web store on Shopify’s platform. • Roberts Hawaii, a tour-bus and airport-shuttle …
Read More »Eye On Data Breaches: InterContinental Hotels Confirms Breach; Target Settlement Re-Do?
By Jim Daly@DTPaymentNews An investigation by hotel operator InterContinental Hotels Group PLC found malware had been installed on servers that processed payment cards at restaurants and bars in 12 IHG-managed properties, the company said. And a federal appellate court told a lower court to investigate whether the class of customers …
Read More »A Cultivated Palate for POS
Developing a point-of-sale app to operate on a tablet is but one ingredient necessary for catering to the payment-processing needs of hospitality merchants. Hospitality merchants have long been a favored customer base for many acquirers and independent sales organizations. For example, Heartland Payment Systems, now part of Global Payments Inc., …
Read More »Phishing Recedes in the Third Quarter, But Payment Services Attract 10% of Attacks
The Anti-Phishing Working Group reported that the total number of phishing Web sites detected in the third quarter was 364,424, a 21.8% decrease from 466,065 in the second quarter. The APWG said the second-quarter figures were an “all-time-high” for phishing attacks and the third-quarter data is a return to more historical norms. …
Read More »A Majority of Deployers Say ATM Crime Isn’t Rising, but Fraud Still Remains a Problem
ATM deployers reporting a “general increase” in physical and fraudulent attacks on their machines declined to 42% this year from 51% in 2015, according to new data from the ATM Industry Association. While that overall finding was good news, skimming, PIN compromises, malware, and other types of fraud-related attacks on ATMs remain …
Read More »1 Billion Yahoo Accounts Breached and other Digital Transactions News briefs
• Yahoo! Inc. disclosed Wednesday a breach of more than 1 billion user accounts in August 2013 that is separate from one involving 500 million accounts the Web giant announced in September. Yahoo said the new breach involved names, email addresses, birth dates, secure passwords, and security questions and answers, but did not …
Read More »How Fragile?
The ever-expanding Internet of Things could represent a back-to-the-future security nightmare for the payments industry. What’s a network without endpoints? Visa Inc. and MasterCard Inc. have big networks—about 8 million endpoints in the form of merchant locations that include point-of-sale terminals in the U.S. alone. But the Internet of Things, …
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