USA Technologies Inc. issued a statement opposing a move by Hudson Executive Capital LP, the vending-machine payments provider’s largest shareholder, to gain control of the company in the wake of long-running accounting problems that were recently resolved. Hudson’s plan includes the nomination of eight director candidates for election at the company’s next annual meeting. …
Read More »Search Results for: blockchain
Western Union and MoneyGram Report Digital Growth, but Falling Revenues
The big wire-transfer providers The Western Union Co. and MoneyGram International Inc. continue to develop their digital services as their agent-based business models struggle in a fast-changing market against rising online players. The two firms on Thursday both reported declining revenues in the third quarter, but Western Union made money …
Read More »Security Notes: The Age of Insecurity
There are hundreds of cybersecurity companies offering products designed to protect us from identity theft by requiring us to prove our identity through biometrics and unscripted behavior. These products claim efficacy against today’s threats. Many of them even grow and prosper as they defeat a great deal of contemporary fraud. …
Read More »Four Merging ISOs Adopt Payroc Name and other Digital Transactions News briefs from 10/28/19
Days after Nxgen and Payscape announced they were merging with a third payments provider, BluePay Canada, the new entity said it has agreed to combine with a fourth company, Payroc LLC, and adopt the Payroc name. James Oberman, Payroc’s chief executive, will serve as CEO of the merged entity.Discover Financial Services said it now …
Read More »Apple Pay Bucks Starbucks From the Top of the Mobile-Payments Heap
The number of Apple Pay users has surpassed that of the Starbucks mobile-payments service, says eMarketer Inc., marking the first time a general-purpose mobile app has become more popular than the coffee retailer’s. New York City-based eMarketer counted 30.3 million U.S. Apple Pay users, while Starbucks had 25.2 million users. …
Read More »Samsung POS Coming and other Digital Transactions News briefs from 10/15/19
Days after launching services that allow users to make international remittances and use a virtual prepaid card for payments, Samsung Electronics Co. launched Samsung POS, an app that it says will let merchants accept near-field communication payments on their mobile devices. Developed with payments-technology firm Mobeewave, Samsung POS is aimed at micro-merchants and other small …
Read More »A Crucial Meeting of 21 Remaining Libra Backers Elects a Board And Appoints Executives
In the face of multiple defections so far, Facebook Inc.’s controversial cryptocurrency project scored a victory of sorts Monday when 21 remaining backers officially signed on at a crucial meeting in Geneva, Switzerland. In a busy day, the companies making up the Libra Association signed on to the project’s charter, …
Read More »Google Pay Gains Transit Connection and other Digital Transactions News briefs from 10/14/19
Cubic Corp.’s Cubic Transportation Systems unit agreed to integrate contactless transit cards with Alphabet Inc.’s Google Pay mobile-payments app. The integration will begin with contactless payment systems for transit in London, Miami, and New York.BMW, General Motors, Ford, Renault, and Honda will reportedly begin testing a blockchain-based in-car identification and payment system next month …
Read More »The Tires Begin To Roll Off Libra as Visa, Mastercard, eBay, and Stripe Withdraw
Visa Inc., Mastercard Inc., merchant processor Stripe Inc. and online marketplace eBay Inc. said Friday afternoon they will not join the Facebook-backed Libra cryptocurrency project. The defections came a week after PayPal Holdings Inc. became the first of the Libra Association’s 28 tentative members to withdraw in the face of …
Read More »Drury Revises Breach Dates and other Digital Transactions News briefs from 10/2/19
Drury Hotels Co., which in May disclosed a data breach involving reservations made through some third-party online booking sites, now says the breach involved transactions from Dec. 28, 2017, to June 2 of this year, about two-and-a-half months longer than the originally stated timeline. Drury said “unauthorized access” occurred on …
Read More »