The huge cyber attack on Home Depot apparently used malware that was disguised as anti-virus protection (beware of cybergeeks bearing gifts), which suggests that, contrary to earlier reports, it was likely not the same group that hit Target. “The (payment) card-stealing program used in the...
Keeping fraud, policy misuse and waste in check when it comes to corporate card programs can be quite the grueling and costly task. In fact, on average, companies attribute 3-5 percent of their annual spend to fraud, waste, and misuse, says Manish Singh, Vice President...
“The consumer has become the point of sale.” At least that’s the perspective of SecureNet CEO Brent Warrington who offered a very pragmatic – and even sobering - view of omnichannel and a merchant’s ability to capitalize on the opportunity. He sat down with MPD...
Payments processor TransFirst, which filed for an initial public offering in July, may be an acquisition target instead. Potential buyers include CVC Capital Partners and Total System Services, better known as TSYS, Bloomberg reported. CVC reportedly approached TransFirst after its IPO filing, which prompted TransFirst...
Walmart and Best Buy have both said that they will not initially accept Apple Pay transactions, the Wall Street Journal reported on Wednesday (Sept. 10). Due to contractual obligations with a competing mobile wallet, MCX (which Walmart founded and still dominates), neither retailer may have...
Say what you will about Apple, but when it throws one of its product rollout parties, almost everyone wants to play. With Apple’s first official step into mobile payments Tuesday (Sept. 9) and the unveiling of Apple Pay, few in payments wanted to be excluded....
We all know that for mobile payments to ignite, consumers and merchants have to see the value. But what MPD Managing Director, John Caron saw yesterday didn’t blow him away. If it’s all about payments, then he’s not convinced it’s enough to get anyone to...
Say hello to Apple Pay. It’s the new kid on the payments block and, depending on how things unfold, it could be the new gorilla in the mobile payments ecosystem. MPD CEO Karen Webster shares her first thoughts on what Apple Pay is and how...
Having been dragged into a payment card interchange lawsuit, Visa Europe Limited and Visa Europe Services are pushing back, arguing that Walmart-led lawsuit “casts too wide a net, lumping them in with Visa even though they are only licensors of Visa and are owned by...
