Payment processing giant First Data turns in solid quarter

http://www.businessinsider.com/payment-processing-giant-first-data-turns-in-solid-quarter-2017-8

FTC: Companies Laundered Credit-Card Payments In $6 Million Scam

Federal regulators want a federal judge to force credit-card processing companies to repay their share of a multi-million telemarketing scam, targeting mostly seniors. That’s according to a federal complaint filed.

The Federal Trade Commission says companies laundered credit-card transactions and pocketed the revenue.

This lawsuit seeks to hold six companies and six sales agents liable for participating in the scam by the company Money Now Funding. Arizona’s participation includes three people and four corporations.

In total, the FTC says $6 million in illicit funds were processed through shell companies and then tied to fake accounts. Consumers were then tricked into making upfront payments for business loans that never came.

The allegations amount to violations of the Federal Trade Commission Act and the Telemarketing and Consumer Fraud and Abuse Prevention Act.

Published: Tuesday, August 8, 2017
kjzz.org

India among top nations with potential for digital payments: Digital Evolution Index

http://telecom.economictimes.indiatimes.com/news/india-among-top-nations-with-potential-for-digital-payments-digital-evolution-index/59818142

Visa makes strategic investment in card processing startup Marqeta

https://techcrunch.com/2017/07/26/visa-marqeta-25m/

First Data’s $750 Million Attempt to Jumpstart Growth

https://www.fool.com/investing/2017/07/22/first-datas-750-million-attempt-to-jumpstart-growt.aspx

Apple Plays the Long Game: Six Reasons Why Apple Pay Could Succeed Big Time

http://www.tsys.com/news-innovation/whats-new/Articles-and-Blogs/nGenuity-Journal/apple-plays-the-long-game-six-reasons-why-apple-pay-could-succeed-big-time.html

Card industry mulls payment authentication via smartphones

https://www.itnews.com.au/news/card-industry-mulls-payment-authentication-via-smartphones-468239

Has the Time Come for Visa, MC, Amex and Discover to Retire…Indefinitely?

https://www.linkedin.com/pulse/has-time-come-visa-mc-amex-discover-steven-q-riddick

How the WorldPay-Vantiv Megamerger Could Change Payments

https://letstalkpayments.com/how-worldpay-vantiv-megamerger-could-change-payments/?utm_source=linkedin&utm_medium=linkedin&utm_campaign=linkedin