Click2Gov, a software application popular among municipalities for processing online payments of utility bills and fees, has been compromised in 46 U.S. cities and one Canadian location, according to an analysis released this week by Gemini Advisory. The New York City-based data-security firm estimates 294,929 payment card records have been …
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UATP Adds Chase Pay to its Network and other Digital Transactions News briefs from 12/7/18
UATP, an airline-owned payment network, said it is adding Chase Pay to its network, a move that should make it easier for airlines to accept JPMorgan Chase & Co.’s Chase Pay in their apps and Web sites. NCR Corp. completed its $184 million acquisition of merchant processor JetPay Corp. Payments …
Read More »The Promise—And Threat—of Real-Time Payments
Three years ago, Mastercard shelled out big money for a U.K. technology firm. As faster payments take hold in the States, the rationale for that deal will soon be put to the test. Back in July 2017, the Federal Reserve issued a challenge to the U.S. payments industry: create a …
Read More »Security Notes: Payments in the Cloud
I have found out that many payments professionals, who claim to use and comprehend the cloud, view it simply as a remote repository of accounts. So this month I have decided to dedicate this column to one purpose: elucidating this remarkable technology as a service to my readers. Early in …
Read More »Gearfire Payments Targets Shooting-Sports Industry and other Digital Transactions News briefs from 11/30/18
Independent sales organization Gearfire Payments announced new plans to focus on reducing payment costs for the shooting-sports industry. Atom Tickets, a mobile-ticketing service for the movie industry, said it integrated SMG Access, a loyalty program from Studio Movie Grill, an operator of movie theaters featuring in-theater dining. Target Corp. may …
Read More »Glance Technologies Tests At-Table Payment And Launches a Bitcoin Feature
Waiting for a server to bring a paper bill to a table so the payment can be made might not happen at some restaurants if tests by Glance Technologies of its Real-Time Bill feature prove successful. Announced Wednesday, the feature, which is in testing at undisclosed merchants, enables users to …
Read More »British Competition Regulators Probe PayPal’s Takeover of iZettle
The United Kingdom’s Competition and Markets Authority announced Monday that its initial investigation has found that PayPal Holdings Inc.’s September acquisition of Swedish processor iZettle AB could reduce competition or raise prices in the payments market. But whether the antitrust regulator will unwind the deal is far from certain. “While …
Read More »Stock Downturn Ensnares Some Payments Companies and other Digital Transactions News briefs from 11/20/18
The ongoing selloff of technology stocks is pulling down payments-industry shares despite no major negative earnings or other recent news from payment companies. Shares of 41 of 45 payments-related companies tracked by Digital Transactions News fell Monday. Downward pressure moderated Tuesday morning but still continued. Among the worst hit Monday …
Read More »Citi Payment Insights Expands and other Digital Transactions News briefs from 11/19/18
Mene Inc., an online jewelry merchant, agreed to use a real-time consumer-credit program from Affirm Inc., a payments and lending platform. Citigroup Inc.’s treasury and trade solutions unit said it extended its Citi Payment Insights service to 20 new markets, bringing to 70 the number of global markets where the …
Read More »SignaPay’s Cash Discount App for Agents and other Digital Transactions News briefs from 11/16/18
Payments provider SignaPay released a mobile app for Apple and Android devices called PayLo Mobile Sales to help sales agents selling the PayLo Cash Discount product. Installment-payments provider Sezzle said it raised $100 million in funding from Bastion Capital. Since launching the service more than a year ago, Sezzle says …
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