For those corporate employees who get frustrated by the slowness of decisions and the glacial pace of deployments, take comfort in the fact that this slowness was a gift for cyberthieves who wanted to—and successfully did—attack Home Depot. The attackers literally took advantage of the...
The announcement by Apple that they are going into the payments business as been good news point of sale tech maker Verifone. Currently less that 20 percent of U.S. payment terminals are NFC-ready, reports Bloomberg, a fact that may now change now that Apple is...
As the POS terminals evolve with the coming of feature-rich new payment devices, small businesses are gravitating toward adopting them, including cloud-based tablet solutions that crowd the marketplace. In a recent podcast interview, MPD CEO Karen Webster caught up with PayAnywhere CEO Marc Gardner to...
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....
