Digital Transactions Authoritative, insightful and timely information for payments professionals
• PayPal Holdings Inc. reported in a filing that it has received subpoenas from the U.S. Department of Justice “seeking the production of certain information related to our historical anti-money laundering program.” PayPal said it is cooperating with the DoJ and cannot predict the outcome of the government’s investigation.
• A point-of-sale software breach at an unknown number of Arbys fast-foot restaurant locations may have ensnared more than 335,000 credit and debit cards, reported KrebsOnSecurity.com. The tally comes from an alert from PCSU, a credit-union service organization, discussing a breach at an unnamed retailer believed to be a fast-food chain, the site reported.
• A lawsuit accuses JPMorgan Chase & Co. of loading fees onto prepaid cards it provides to citizens on jury duty on behalf of some jurisdictions in lieu of jury payments by check, Bloomberg reported; the bank had no immediate comment.
• ATM network owner and operator Cardtronics plc said fourth-quarter North American ATM operating revenues grew 4% from a year earlier while European operating revenues decreased 6% because of the adverse impact of foreign currency exchange-rate movements. On a constant-currency basis, European ATM operating revenues increased 13%.
• NCR Corp. said adjusted fourth-quarter ATM hardware revenues grew 29% over the year-earlier period to $385 million.
• The Financial Services Roundtable, the national lobbying group of big financial institutions, unveiled its 2017 priorities, which include repealing the Dodd-Frank Act’s Durbin Amendment. The FSR calls the amendment, which imposed interchange price controls on large debit card issuers, a “distortion of the free market [that] has resulted in no discernable [sic] price reductions, as promised by merchants, for consumers while certain banking services, such as free checking and debit rewards, have been severely curtailed.”
• Merchant processor Cayan reported a 64% increase for 2016 in installations of its Genius payments technology, to more than 27,000 installations.
• Banking technology provider Cummins Allison said its ATMs attained EMV certifications from eight processors.
• Wells Fargo & Co. said it is making enhancements to the organizational structure of its Payments, Virtual Solutions and Innovation Group, which the banking giant formed in October to focus on payments technology, artificial intelligence, and application programming interfaces.
• WeUseCoins, an information portal concerning digital currency and blockchain technology, has issued a guide with information about Bitcoin and instructions on how to buy the cryptocurrency.
