Payment Industry News

Mobile Payments
Wendy’s bets on QR codes to elevate mobile check-ins– www.mobilemarketer.com – 8/30/12 – “Fast food chain Wendy’s is joining the pack of quick-service restaurants using QR codes to bolster engagement with a location-based campaign that rewards users for checking in.”

Quiet During the Wallet Wars, Visa Readies V.me for a Year-End Rollout – www.digitaltransactions.net – 8/30/12 – “With digital wallets from the likes of PayPal Inc., Google Inc., and the Isis consortium grabbing headlines, Visa Inc.’s V.me staff has been quiet but busy. The payment service is live with five online merchants, and Visa plans to introduce it as a commercial product by year’s end, a spokesperson with the network tells Digital Transactions News.”

Seamless: Garanti Bank launches the first mobile payments through QR codes in Romania – www.businesswire.com – 8/30/12 – “Garanti Bank, one of the most dynamic and innovative banks in the local market, will launch in premiere for Romania direct mobile payments through QR codes, following a partnership concluded with the Swedish company Seamless.”

Paypal and Discover Team Up for POS Payments– vsr.edgl.com – 8/28/12 – “Barely two weeks after Square and Starbucks announced that they were teaming up for mobile payments, PayPal dropped a huge bombshell on the payments industry. The eBay subsidiary signed a deal with credit card provider Discover that gives consumers the option to pay via PayPal at approximately 7 million retail locations in the U.S.”

Isis Mobile-Payment System to Debut in September After Delays– www.bloomberg.com – 8/28/12 – “Isis, the mobile-payment joint venture backed by AT&T Inc. (T), Verizon Wireless and T-Mobile USA Inc., is on track for a debut in September, following months of delays and a change in strategy last year.”

Google Exec Attacks Isis, Hints At New Wallet Features– pymnts.com – 8/28/12 – “During a Google Developers Live broadcast, Robin Dua, head of product management for Google Wallet, pulled no punches when asked about one of his company’s chief competitors.”

Isis Mobile-Payment System to Debut in September After Delays – www.bloomberg.com – 8/28/12 – “Isis, the mobile-payment joint venture backed by AT&T Inc. (T), Verizon Wireless and T-Mobile USA Inc., is on track for a debut in September, following months of delays and a change in strategy last year.”

Google Wallet Update (Video Q&A)– www.paymentsnews.com – 8/27/12 – “Google logo 140pxGoogle has recently posted a Google Wallet Q&A Video from Google Developers Live. Robin Dua, the product manager for Google Wallet, talks about Google’s shift to the cloud and a potential phone-to-phone payment capability.”

Mobile Point of Sale
VeriFone opens Sail payment platform to developers– gigaom.com – 8/29/12 – “VeriFone is opening up its Sail mobile payment service to developers with a new developer portal. That will allow developers to easily add Sail to their mobile apps. But it will also be a way for developers to offer their services to Sail’s business customers.”

Payment Security
DSW Entitled to $6.8M in Data Breach Involving 1.4M Cards– risnews.edgl.com – 9/3/12 – “A 2005 data breach that exposed transaction information from 1.4 million credit cards entitles DSW Designer Shoe Warehouse to $6.8 million in insurance coverage, according to a recent federal appellate court ruling. The award was made despite the fact that the retailer had not suffered losses directly attributable to the theft.”

“ATM Skimming” Hits Grand Rapids Area– www.fox17online.com – 9/1/12 – “They’re built for convenience, but police say crooks are tampering with ATMs to steal from customers.”

Curbing Card Fraud at the Pump– www.bankinfosecurity.com – 8/31/12 – “Card fraud linked to pay-at-the-pump gas terminals is growing, and that trend will continue until more fraudster convictions are publicized, some security experts say. While they’re pleased that another skimming fraudster was sentenced last week, they say the courts need to do a better job of considering the long-term impact of skimming when setting sentences.”

Hackers Exploit Payments Infrastructure– www.bankinfosecurity.com – 8/30/12 – “Cyberthieves are targeting and exploiting weaknesses in the U.S. payments infrastructure as an easy-to-travel avenue for access to intellectual capital, says Bill Wansley, a financial fraud and risk consultant for Booz Allen Hamilton.”

After Uphill Battle, Bank Refunds $12,000 to Skimming Victim– www.pcworld.com – 8/30/12 – “The still photos captured by CCTV are fuzzy: a figure wearing a track suit, a pair of sneakers and a black hooded sweatshirt, standing at various cash machines in northern Sydney in the middle of the night.”

Coral Springs Police: Identity Theft Ring Busted– miami.cbslocal.com – 8/28/12 – “Detectives in Coral Springs say solid police work and a little serendipity led to the bust of a major identity theft ring.”

Boca Raton Police Find Card Skimmer On Publix ATM– bocanewsnow.com – 8/28/12 – “No word this afternoon how many people were impacted, but Boca Raton Police confirm that they are investigating a “skimmer” device that was apparently attached to the ATM at the Publix on St. Andrew’s Blvd in central Boca.”