The Green Sheet Online Edition
June 11, 2018 • Issue 18:06:01
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.
Walmart drops Mobile Scan & Go after lackluster pilot
After the successful launch of its Mobile Scan & Go program in Sam's Club warehouse stores, Walmart Inc. expanded the program to include about 150 Walmart stores as part of a nationwide pilot and subsequently discontinued the program in those stores due to lack of participation.
GDPR rules will affect U.S. merchants, experts say
On May 25, 2018, the European Union instated the General Data Protection Regulation (GDPR) protections designed to help European citizens manage their digital destinies. The laws enable consumers to control how companies use, market and store their personal data. European consumers can exercise their "right to be forgotten" by asking companies to delete their personal information.
PayPal acquires iZettle in omnichannel push
Nonbank payments giant PayPal entered an agreement to acquire iZettle, a small business payments platform with a market footprint that includes major European markets as well as Mexico and Brazil. PayPal has agreed to pay $2.2 billion for the Stockholm, Sweden-based firm, two times the firm's estimated market value.
Will sports betting win its own MCC?
A U.S. Supreme Court ruling allows states to legitimize betting on individual sporting events, effectively ending the 1992 Professional and Amateur Sports Protection Act that restricted sports betting and imposed strict penalties on activities outside the State of Nevada.
BAI pegs top FI fraud threats, security strategies
To counteract the flood of attacks by fraudsters employing diverse and sophisticated tactics, financial institutions must be more nimble in addressing malware intrusions, exploitation of web-facing vulnerabilities and illicit access gained via third parties. That is according to the BAI Banking Strategies report, Fraud and cybersecurity: Staying steps ahead.
Verifone set to privatize in $3.4 billion deal
The "go shop" period expired for soliciting alternative purchasers of Verifone Systems Inc., as outlined in a definitive agreement reached in April with Vertex Holdco LLC. During that period, 42 potential purchasers were said to have been in contact with Verifone. No potential purchasers submitted an acquisition proposal.
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