Verifone Gives Up on 2017 as Profits Sour in Q2 — Building for Fiscal 2018

The slowdown in EMV for the second fiscal quarter, (ended 4/30/17), (2Q/17) continues to drag on Verifone’s (VF) performance, as year-on-year (YOY) net income plummeted by more than 500%. The Company notes it continues divesting non-strategic businesses and allocating resources and capital to ensure the timely delivery of our new products, with a bright 2018…

CardLess Cardtronics ATMs to Pop Up Everywhere in the US Over Next 2 Years

FIS Cardless Cash, which reduces the risk of card skimming, will be deployed on Cardtronics ATMs nationwide is a 24-month roll-out. The deployment for mobile users by Cardtronics, the world’s largest ATM owner/operator, will not require hardware upgrades. FIS Cardless Cash, which leverages the FIS Mobile Banking app, enables banking customers to withdraw funds from…

Mastercard Gots the Goods w/Slew of New Payment APIs – Tool Box Now 40+

Mastercard has added API’s for Masterpass QR, Qkr! With Masterpass and chatbot solutions to its ever growing developer tool box to arm banks, retailers and digital providers with what they need to enable payments on new platforms. There are now more than 40 APIs focused on payments, data services and security available to developers. Mastercard…

Digital Businesses Cannot Compete w/o Local Payment Options

The First Data Local Payments solution is here providing digital businesses and their customers with access to 195 local payment options when fully implemented. With First Data’s Local Payments solution, a merchant can manage varying online payment methods through a single interface, using a single collection model. Now, a retailer can easily enable a customer…

Artificial Intelligence – Secret Imbedded Tool Within Omnichannel ePOS Suite

Smart algorithms and data analyses are creating sustainable performance benefits across all levels of the retail supply chain. With its Omnichannel ePOS Suite, Wirecard is the first payment provider to offer a fully integrated solution for self-learning analyses based on payment data in combination with other data sources. The evaluations substantially support e-commerce and high-street retail…

Bankers Behind the Eight Ball on Formal Payments Strategy

Nearly nine of 10 bankers admit their bank does not have a formal payments strategy. Of those, only 46% have plans to develop a formal payments strategy. Furthermore, 36% of respondents characterize their bank’s approach to payments strategy as “fast follower,” while 54% said their bank takes a “wait and see” approach. Only 3% consider…

Software Only Card Payment mPOS App Now in Extended Beta


The first UK technology app enabling micro-businesses to take physical card payments using smartphones without any additional dedicated hardware is not far off. Worldpay announced the launch of the first ever extended-trial of a software only card payment mPOS (mobile point of sale). My Business Mobile will allow businesses to download an app and accept…

Consumer Businesses Underestimate Cyber Risk Beyond Card Payments

Between 30% and 40% of companies currently investing in platforms such as consumer analytics, cloud integration, connected products and mobile payments have mature programs in place to address related risks. Many of these technologies involve a broad set of data types that could expose consumers to much more than stolen credit cards and identity theft.…

Discover & Capital One Emerge as Leaders in Mobile Apps for Cards & Banking

When it comes to mobile apps Capital One ranked highest in the retail bank category while Discover ranked highest in overall satisfaction in the credit card category. According to the “J.D. Power 2017 U.S. Banking App and U.S. Credit Card App Satisfaction Studies”: • Ease of use/navigation is the most heavily weighted driver of satisfaction among…

Fraud and Risk Scoring Tool Melds With Artificial Intelligence Machine Learning

A new machine learning fraud score helps prevent fraud while reducing false-positives and improving customer experience. TSYS has teamed with Featurespace to launch TSYS Foresight Score with Featurespace. Foresight Score is a fraud and risk scoring tool that allows software to learn over time without being explicitly programmed — to bolster an issuer’s ability to…