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Some cybercrooks are nothing if not accommodating. A new version of the so-called ransomware called CyberWall, for example, has made it easier for victims to make payments and get their data back. CyberWall 3.0, released early this week, includes new gateways for reaching the decryption site. The ransom note file …
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PayPal Here Reader Adds Windows 8.1 Support, With App Integration Later This Month
PayPal Inc. updated its reader for its PayPal Here mobile point-of-sale service with Windows 8.1 support and separately plans to release software to integrate reader support into iOS and Android apps. Introduced in 2012, PayPal Here enables merchants to use their smart phones and tablets as payment-acceptance devices. The inclusion …
Read More »U.S. Card Producers Prepare To Crank Out EMV Cards in Big Numbers
By Jim Daly U.S. credit and debit card issuers will be mailing hundreds of millions of Europay-MasterCard-Visa (EMV) chip cards to their customers this year and next now that the payment card networks’ EMV liability shift looms just eight months away. Estimates about chip card issuance vary, but all involve …
Read More »Doubts About Bitcoin’s Appeal May Lie Behind Its Price Dive Since New Year’s Day
No one can say for sure why the price of Bitcoin has dived sharply since the turn of the year, but that doesn’t mean market observers don’t have theories. These range from rampant short selling to the hack last week at Bitcoin exchange Bitstamp, in which crooks siphoned out $5.2 …
Read More »New Verifone mPOS Device, Android Tablet Among Flurry of NRF Announcements
Several payments-industry vendors are making product and services announcements in conjunction with the National Retail Federation’s annual Big Show convention this week in New York. Verifone unveiled the PayWare Mobile e355, a mobile point-of-sale terminal that accepts magnetic stripe, near-field communication (NFC), Europay-MasterCard-Visa (EMV), and Apple Pay transactions. Available in …
Read More »BluePay Acquisition Bolsters Integrated POS Efforts As New Exec Takes Over
Merchant-services company BluePay Processing Inc. has bought CDI Technology Corp., which provides e-commerce software and payment services for companies that use business-management software such as Oracle JD Edwards and SAP. Terms of the deal were not disclosed. Lombard, Ill.-based CDI integrates e-commerce and payments into business-management software, often called …
Read More »With EMV’s Liability Shift, Acquirers Face Consumer-Fraud Risk for the First Time
With a crucial deadline just 266 days away, the payments industry is starting to look at just what kind of fraud liability—and how much fraud—merchant acquirers will have to assume if their merchants aren’t ready to accept Europay-MasterCard-Visa (EMV) chip cards by October. There’s about $6 billion annually in lost, …
Read More »ISO Startup Blue Star Hopes Ties to NFL’s Dallas Cowboys Will Boost Its Prospects
The National Football League’s Dallas Cowboys organization is lending its name recognition to a new merchant-services company, Blue Star Payment Solutions. Frisco, Texas-based Blue Star intends to build its brand based on its affiliation with the Dallas Cowboys as one of the companies owned by the Jones family, says Jerry …
Read More »Rash of Chain Breaches Casts Spotlight on Unique Vulnerabilities of Franchised Businesses
News of a possible card-data breach at chicken-sandwich chain Chick-fil-A caps a year that saw a number of franchised businesses compromised and throws into relief what some experts say is the unique security vulnerability of the franchise business model. Franchised chains, in which so-called owner-operators run stores under a license …
Read More »ISO Merchant Warehouse Rebrands as Cayan in Effort to Better Reflect New Business Focus
Merchant processor Merchant Warehouse announced Monday it has changed its name to Cayan LLC. The 17-year-old Boston-based company’s rebrand takes effect immediately and is reflected on a redesigned Web site that includes a new tag line, “The Payment Possibilities Company.” It will also be promoted at next week’s National Retail …
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