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NewsBriefs
Editor's note: Following are excerpts from news stories we've covered ment dominance has only just begun, and as a bevy
recently. For the full stories and additional breaking industry news posted of recent reports suggest this may be a long race.
on our home page, please visit www.greensheet.com/breakingnews. New data from Juniper Research Ltd., a U.K.-based
php?flag=previous_breaking_news.
financial technology market research firm, shows
Pressures mount for IT security pros consumers using the Apple Pay mobile app now top
According to the Trustwave Holdings Inc. annual 86 million, in a show of dominance over other leading
2017 Security Pressures Report, the task of securing contactless apps, including Samsung Pay and Android
organizations has become even more complex as Pay. Juniper expects that by the end of this year, the
internal and external forces exert pressure to close total of OEM contactless payment app users will sur-
cybersecurity vulnerability gaps. For the report, pass 150 million worldwide.
1,600 full-time IT professionals were surveyed from New day, new chapterfor iPayment
enterprises averaging 4,267 employees based in the
United States, Canada, United Kingdom, Australia, Recent events at iPayment Inc. reflect a fresh start
Singapore and Japan. "Attacks have become more for the payment processing brand, which was estab-
targeted," said Chris Schueler, Senior Vice President lished in 1999. In addition to closing a comprehensive
of Managed Security Services at Trustwave. "We've refinancing package April 11, 2017, senior manage-
seen in the past 12 months, with a lot of the cases we ment introduced a series of initiatives designed to
work and clients we secure that the attacks are very reinvigorate the Westlake Village, Calif.-based com-
targeted to the corporation. They know the people that pany following recent setbacks. As they prepare for
may be opening up email, not just broadcasting email, the upcoming partner conference in May 2017, em-
and they follow up with a phone call to that same ployees and partners say they are looking ahead to a
individual to encourage them to open the email." bright future. "For the past four years, iPayment has
dealt with too much debt, internal turmoil and external
Apple leads in U.S. crawl toward news as former managers were indicted for securities
contactless mobile payments fraud," said O.B. Rawls IV, Chief Executive Officer
Apple appears to have the lead in mobile contactless and President of iPayment. "With that history behind
payments, for now. But the race for tap-and-go pay- us, we're looking forward again, with a strong man-
agement team, decreased
debt and a leverage ratio
on par with other Super
ISOs."
Wells Fargo, PayPal
partner for mobile
payments
Wells Fargo & Co. debit
and credit cardholders
will soon be able to use
PayPal to make purchas-
es with Android phones
at the POS. Participating
merchants' payment ter-
minals must be enabled
to accept near field com-
munication payments.
The potential reach is
wide; currently, millions
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