The retail industry suffers from pervasive web application weaknesses from legacy software systems which are soft targets for attackers once inside a company’s network. Also, the most sophisticated point-of-sale malware ever seen to date is now lurking in retailers systems waiting to launch.
China continues to lead the march to online and cross-border shopping habits. This year’s findings support the growth trend: 35% of online shoppers claim to have shopped cross-border in 2015, vs. 26% in 2014. China’s overall online shopping population saw modest growth (81% of online adults report having shopped online in the last 12 months in 2015, vs. 80 % in 2014)
US-based Verifone has inked an agreement to acquire InterCard AG, a top Payment as a Service provider in Germany. The combination of Verifone and InterCard in Germany creates a point of sale terminal and multichannel Payment as a Service provider capable of offering merchants secure, simple and innovative end-to-end payment and commerce solutions.
Germany’s Wincor Nixdorf reports fiscal year net sales totaled €2,427 million, down 2% on the prior-year figure. Talks of a merger with U.S.-based Diebold also continue on track.
Telekom Germany is launching Deutsche Telekom AG’s (DTAG) MyWallet 2.0 with the help pf US-based Mozido. The new version includes mobile payments, advertising and loyalty.
MasterCard and Cardlytics inked an agreement to deliver targeted card-linked services to US banks of all sizes. The new partnership will match Cardlytics card-linked marketing solutions and advertising expertise with MasterCard’s bank partners and its offers and rewards platform to deliver a solution that is unsurpassed in the loyalty business.
Velocity Mobile has acquired Tab Payments, a mobile payments app for tastemaker diners in Canada accepted at over 100 restaurants in Toronto and Montreal. The acquisition further expands Velocity’s reach, which now connects premier restaurants with global diners in six major cities in the US, UK, and Canada.
Shopify announced the launch of its new credit card reader that will allow Shopify merchants in the U.S. to securely accept chip and pin, tap, and swipe credit and debit cards as well as contactless payment technologies like Apple Pay.
Shift4 has unloaded to the payments market VT4, the most secure, flexible, and feature-rich mobile point-of-sale solution. Following exclusive use with select merchants, including the PGA TOUR, VT4 is now available to merchants in the United States, Canada and the Caribbean.
CardWeb.com’s CardData database of Company Profiles today features Prolexic Technologies.
In today’s CardFlash News Que: PAI (award); STRAWHECKER (Terrapin); REGIONS (Android) and NCR (Ohio).
Updated figures, based on regression analysis, shows gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally will rise 7.1% on a currency adjusted basis (FX) for the third quarter. RAM Research projects global GDV of $3728 billion for the third quarter.