USA Technologies Inc. said a solicitation from Hudson Executive Capital LP, the unattended payments provider’s largest shareholder, to call a special shareholder meeting is invalid under the company’s bylaws. HEC wants to take control of USA Technologies’ board of directors with its own slate of director nominees.The Singles Day shopping event on …

A U.S. District Court jury in Marshall, Texas, awarded USAA $200 million in damages after finding that Wells Fargo & Co. infringed on two patents held by USAA related to mobile check deposit. USAA filed the suit in June 2018. USAA in August 2018 filed a separate suit in the same court against Wells …

Twenty European banks are working on setting up a pan-European payment system to challenge Visa, Mastercard and technology companies such as Google and PayPal, according to press reports. The project is code-named PEPSI, for Pan European Payment System Initiative.In a development that signals an opening in China’s long-protected payments environment, Chinese mobile-payment giants …

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. …

After years of looking to make fare payment easier, mass-transit agencies have found the answer in contactless cards. That’s giving consumers a compelling reason to use contactless on a broader scale. Mass adoption of a new technology requires giving consumers a compelling reason to use it on a daily basis. …

What’s keeping you up at night? If you said nothing, you’re lucky. Here’s a list of the biggest issues troubling most payments executives today. We live in a world full of tribulation and turbulence, and the payments business is no exception. Herewith, we offer our annual catalog of the 10 …

Payments executives are starting to go public with concerns about a growing type of ATM fraud called the cash-out attack. Unlike the well-known, single-machine attack known as jackpotting, cash-out frauds allow criminals to gain access to multiple machines simultaneously at the network level. They then employ accomplices to visit these …

While much attention in the payments industry in recent months has focused on EMVCo’s Secure Remote Commerce (SRC) specification, another e-commerce spec from the standards body could be receiving some tweaks. These possible initiatives, which concern the EMV 3-D Secure specifications, include a way of adding users’ travel data to …

Ride-share provider Uber Technologies Inc. announced Uber Money, an update to its roster of financial services, mostly for its drivers. Among the products is the relaunch of the Uber credit card in a deal with Barclays. Uber Money also can provide Uber drivers real-time access to their earnings in an Uber Debit …

Discover Financial Services reported its Payment Services unit, which includes activity on the Pulse electronic funds transfer network, on Diners Club cards, and with network partners, recorded $62.6 billion in volume in the third quarter, up 7% year-over-year. Volume on Pulse alone increased 5% to $47.5 billion. With Discover network proprietary …