THE WEEK IN PAYMENTS
Mobile Payments
Sprint Hinted Its Touch Wallet NFC App through Slides– thedroidguy.com – 6/14/12 – “Sprint is preparing its own wallet service called Touch. Previously, the carrier had offered Google’s service, but had recently opted to develop its own app. However, the company has not disclosed the details of the service to the public to date.”
Burger King offers mobile payment app– www.mobilepaymentstoday.com – 6/13/12 – “Fast food chain Burger King Corp. is offering a new mobile payment app. The program is being piloted at 50 Salt Lake City-area Burger King restaurants. The BK Mobile Crown Card lets customers use their smartphones to pay for purchases at counters and drive up windows.”
Mobile Wallets: Big Opportunity, Big Hurdles– www.americanbanker.com – 6/12/12 – “Sitting in front of a room full of bankers at the Mobile Banking and Commerce Summit in San Francisco, some of the biggest players in the burgeoning mobile wallet space wasted no time Tuesday tackling that question. The query itself suggested that banks still don’t know enough about the power of mobile wallets and the potential benefits of partnering with their developers.”
Mobile Commerce
Perry Ellis hoping to enhance customer experience with mobile POS– www.mobilepaymentstoday.com – 6/13/12 – “Perry Ellis International is hoping to improve its customers’ shopping experiences, grow in-store sales and increase brand loyalty by implementing POS capabilities to mobile devices within the store.”
Payment Trends
Check 21 Saved U.S. Payments System $3 Billion-Plus in 2010, Fed Paper Estimates– digitaltransactions.net – 6/14/12 – “Check 21 saved the U.S. payments system more than $3 billion in 2010 as paper check clearing gave way almost entirely to image clearing, according to a paper released recently by the Federal Reserve Bank of Philadelphia. The paper sets out what is believed to be the first effort at computing the cost savings from U.S. banks’ massive conversion to electronic check clearing.”
Payment Security
Police Hunt Credit Card Skimmer– www.nbcphiladelphia.com – 6/16/12 – “Police are looking for a man who they believe made purchases with counterfeit bank cards containing skimmed information.”
Skimming Devices Stumped Secret Service Agent– www.nbcdfw.com – 6/15/12 – “A Secret Service agent who is an expert on gas pump skimmers said Friday in court that he had never seen anything like the devices in a North Texas case.”
Credit card skimmer planted at gas pumps– www.delmarvanow.com – 6/15/12 – “Fuel customers in Newnan, Georgia discover they are being scammed by a blue tooth skimming device installed at gas pumps.”
Penn Station Card Breach Grows– www.bankinfosecurity.com – 6/15/12 – “Restaurant chain Penn Station Inc. has upped the number of franchise locations affected by a payments breach to 80, almost double what it originally reported.”
Police: Footprints Café employee arrested for credit card skimming– www.cbsatlanta.com – 6/13/12 – “A restaurant server collected more than just tips. Police said she collected credit card numbers that could be used to create fake credit cards and drain money from customers’ accounts.”
Man on Trial in Debit Card Skimming Scheme– www.nbcdfw.com – 6/13/12 – “A man accused of breaking into gas pumps from California to North Texas to install devices that stole debit card information is on trial in Tarrant County.”
Global Payments discovers new server breach– www.information-age.com – 6/13/12 – “During its investigation of a data breach earlier this year, payments processor has found evidence of unauthorised access to its servers”
Feds Charge Hacker in POS Attacks– www.bankinfosecurity.com – 6/13/12 – “Federal auhorities in Seattle have filed multiple charges against a Dutch hacker living in Romania for allegedly marketing and selling credit card details about thousands of accounts on underground online forums.”
Global Payments Breach Exposes Data From Applicants for Merchant Accounts– digitaltransactions.net – 6/12/12 – “The hackers who broke into merchant processor Global Payments Inc.’s computer systems added a new chapter to the disreputable history of data breaches by gaining access to information from applicants for merchant accounts, the company disclosed late Tuesday.”
Payment processor finds more trouble from breach– www.businessweek.com – 6/12/12 – “A major payment processer suspects the fallout from a recent security breach may be worse than it initially believed.”
Woman Arrested for Skimming Credit Cards at Lawrenceville Restaurant – lawrenceville-ga.patch.com – 6/12/12 – “Lawrenceville Police say a waitress at Footprints Cafe was skimming customers credit card information while on the job Saturday evening.”
Skimmers steal info at Coweta Co. gas pumps– www.myfoxatlanta.com – 6/11/12 – “Dozens of people in Coweta County have been ripped off just by swiping their debit card at the gas pump.”
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