• ATM network operator Cardtronics plc announced organizational changes that include chief financial officer Edward H. West taking on the additional role of chief operations officer and North American Business Group president David Dove leaving the company later this year. Jonathan Simpson-Dent, who had been managing director of Cardtronics Europe, …
Read More »Search Results for: encryption
Certification Delays Crash VeriFone’s EMV Party
It was great while it lasted, but it looks like the chip card party is over for VeriFone Systems Inc., the leading U.S.-based point-of-sale terminal maker, at least for now. The U.S. conversion to EMV chip cards had produced a North American revenue windfall for VeriFone over the past couple …
Read More »Cyber Passport: The Technology
Last month, I proposed a government-administered program that would offer citizens a cyber passport, a randomized, replaceable, short-lived code that, once issued, would become a requirement for all critical online transactions involving the covered individual. I asserted that this initiative would defeat today’s plague of massive breaches, which turns millions …
Read More »Cyber Passport: The Technology
Last month, I proposed a government-administered program that would offer citizens a cyber passport, a randomized, replaceable, short-lived code that, once issued, would become a requirement for all critical online transactions involving the covered individual. I asserted that this initiative would defeat today’s plague of massive breaches, which turns millions …
Read More »Cyber Passport: The Technology
Last month, I proposed a government-administered program that would offer citizens a cyber passport, a randomized, replaceable, short-lived code that, once issued, would become a requirement for all critical online transactions involving the covered individual. I asserted that this initiative would defeat today’s plague of massive breaches, which turns millions …
Read More »Certification Delays Crash VeriFone’s EMV Party
It was great while it lasted, but it looks like the chip card party is over for VeriFone Systems Inc., the leading U.S.-based point-of-sale terminal maker, at least for now. The U.S. conversion to EMV chip cards had produced a North American revenue windfall for VeriFone over the past couple …
Read More »Certification Delays Crash VeriFone’s EMV Party
It was great while it lasted, but it looks like the chip card party is over for VeriFone Systems Inc., the leading U.S.-based point-of-sale terminal maker, at least for now. The U.S. conversion to EMV chip cards had produced a North American revenue windfall for VeriFone over the past couple …
Read More »Visa Closes its Visa Europe Acquisition and other Digital Transactions News briefs
• Banking and financial-services provider BNY Mellon announced its Treasury Services unit has introduced Tokenized Payments, a service that allows its clients to send real-time or next-day payments to consumers. The service relies on Early Warning Services LLC’s clearXchange network and allows payments using the recipient’s email address or mobile …
Read More »The CFPB Sues Processor Intercept Corp. and other Digital Transactions News briefs
• A bill by U.S. Rep. Jeb Hensarling, R-Texas, to replace 2010’s Dodd-Frank Act” would hurt consumers and Main Street businesses,” the Merchants Payments Coalition said, because the measure would do away with the financial reform law’s Durbin Amendment that regulates debit card interchange and sets debit card transaction-routing requirements. …
Read More »VeriFone’s EMV Honeymoon Ends; Certification Delays Crimp Earnings
The U.S. conversion to EMV chip cards has produced a windfall for VeriFone Systems Inc. over the past couple of years. But despite record revenues in the quarter ended April 30, delays in getting EMV equipment certified contributed to sharply lower profits and financial expectations for the leading domestic point-of-sale …
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