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Table of Contents

Lead Story

Delivering more than payments amid disaster

Dale S. Laszig

News

Industry Update

News Briefs

Views

CFPB back-peddles on prepaid rule

Patti Murphy
ProScribes Inc.

Don't let acquisitions catch you off guard

Jeff Fortney
Clearent LLC

Education

Street SmartsSM:
What surveys reveal

Steven Feldshuh
Merchants' Choice Payment Solutions East

Good talent is still hard to find

Jeff Brodsly
Chosen Payments

2018 fraud-budget planning

Suresh Dakshina
Chargeback Gurus

Company Profile

Unified Payments

New Products

End-to-end support under one roof

End-to-end Support Services
Total Support Services

Inspiration

Gatekeepers, your new best friends

Departments

Letter from the editors

Readers Speak

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

January 08, 2018  •  Issue 18:01:01

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News Briefs

Editor's Note: Following are excerpts from news stories recently posted under Breaking Industry News on our home page. For links to these and other full news stories, please visit www.greensheet.com/breakingnews.php?flag=previous_breaking_news.

Worldpay, Vantiv merger progressing

With their merger expected to close in January 2018, Vantiv Inc. and Worldpay Group stated they had confirmed key executive roles and designated Cincinnati as the new company's global and corporate headquarters. London, where Worldpay is based, will become the international headquarters for the company, which will use the name Worldpay Inc.

Data breach aggregation: yes, it's a thing

A cache of stolen credentials is being sold on the Dark Web. 4iQ made the discovery Dec. 5, 2017, during a routine investigation of an underground community forum. 4iQ investigators found the database of 1.4 billion stolen logins, displayed in clear text, organized alphabetically and optimized for search.

Credit card unit of FBME scrutinized

Add credit card processing for illegal gambling and pornography businesses, a service that is prohibited under U.S. law, to the list of potential crimes for which FBME Bank Ltd. is being investigated by the FBI and U.S. prosecutors in Brooklyn, N.Y. This is according to Bloomberg, which reported on the development on Dec. 16, 2017.

NYDFS lawsuit against OCC dismissed

A Manhattan federal judge dismissed a lawsuit filed in May by the New York Department of Financial Services challenging the U.S. Comptroller of the Currency's proposal to grant national bank charters to fintech companies. The judge dismissed the case as premature since the OCC had not reached a final decision, and any purported harm would be speculative.

Cayan acquisition to expand TSYS capabilities, reach

TSYS revealed plans to acquire Cayan LLC. The all-cash transaction, valued at approximately $1.05 billion, was approved by TSYS' Board of Directors. TSYS executives expect the merger to improve the company's capabilities, market reach and top-line revenue. They shared details in a Dec. 17, 2017, conference call.

Data on 123 million U.S. households exposed

Researchers at UpGuard Inc. confirmed that a cloud-based data repository containing data managed by data analytics firm Alteryx Inc. publicly exposed sensitive personal information on 123 million U.S. households. UpGuard discovered the leak on Oct. 6, 2017.

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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