Digital Transactions Authoritative, insightful and timely information for payments professionals
• Payments-technology vendor Cardtek announced its Digital Enablement Platform for wearables payments. The platform relies on wearables chips from NXP Semiconductors and is aimed at integrating payment cards, transit tickets, and other services in wearable devices. Cardtek cites research from CCS Insight indicating there will be 411 million wearable devices by 2020 performing $34.2 billion in annual volume.
• USA Technologies Inc., whose ePort technology enables contactless transactions at vending machines and other unattended locations, reported its fiscal first-quarter revenue increased 30%, to $21.6 million, while ePort connections rose 28%, to 448,000.
• Mobile point-of-sale technology provider CardFlight announced that Traveling Vineyard, an organizer of in-home wine tastings, has integrated CardFlight’s payment gateway, mobile card readers, and software development kit to accept payments.
• British retailer Tesco Plc’s banking subsidiary said that 2.5 million pounds ($3 million) had been stolen from 9,000 customers over the weekend in what cyber experts said was the first mass hacking of accounts at a western bank, according to Reuters; U.S.-based financial-institution processor Fiserv Inc. provides Tesco’s online-banking platform and risk-control services, but Fiserv said in a statement that there is no indication that its software or services were involved in the incident.
• Suzan Denoncourt has been appointed co-chair of the board at ACT Canada, a payments trade association. Denoncourt is managing director of Canada for Ingenico Group.
