USA Technologies Inc., which provides payment technology for unattended merchant locations, announced it has an $85 million cash and stock deal to acquire Cantaloupe Systems, a San Francisco-based software provider serving the vending-machine industry. Cantaloupe operates in the U.S., Canada, and several international markets, and its Seed Cloud applications include …

Consumers who want to use cash online can now load an Amazon Cash account at U.S. 7-Eleven Inc. stores by presenting cash and a personalized Amazon barcode to the cashier. Users can load between $15 and $500 in a single transaction, with no fees, 7-Eleven says. The company has nearly …

In 2015, 70% of breaches reported by global retailers were directed at POS devices. With the quantity of exploits only increasing, retail CIOs cannot rely on industry minimum guidelines to set out their security strategy. While the Payment Card Industry data-security standard (PCI DSS) provides a strong baseline of security …

Security professionals have been warning about the data-security risks of connecting millions of non-computer devices to the Internet, and those warnings appear to be making an impact. Newly released results of an international consumer and business survey by payment-security technology provider Gemalto NV say that 90% of consumers lack confidence …

This malware is a nuisance to many, but could mean big trouble for payments companies. Criminals, much like legitimate businesses, know that the real money is in volume. They would rather have their malicious software on millions of computers than on just a few thousand. The wider the net, the …

The current wave of buying and selling is the right prescription at the right time for a business that badly needed shaking up, says O.B. Rawls. For decades, the payments industry was pretty stagnant, but over the past decade, and even more so recently, that has changed drastically. Now part …

Whether the legacy payments players like it or not, the case is strong for much greater intervention by the Fed in improving payments. With July’s release of Part Two of the Faster Payments Task Force Final Report, which speculated that near real-time payments could/should be on the payments scene by …

Welcome to the murky world of bank card network fees, on which Visa and Mastercard make handsome livings. The fees reward investors, but what about acquirers and card issuers? Mastercard Inc. and Visa Inc. have become two of the most beloved companies on Wall Street since their initial public offerings …

Barrels of ink have been poured and hours of shows have been aired on the hot topic of payment anonymity. Much of it plays on consumers’ uneasiness about the fact that Visa and Mastercard have a perfect view into who you are, how you spend your time, and your circumstances. …

Financial institutions are realizing that a smooth experience is as important to consumers when identifying themselves as the authentication strategy itself, regardless of the channel consumers use to access their accounts. This finding is part of a new study from NICE Actimize, a Hoboken, N.J.-based provider of risk-management and compliance …