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of specifics, technology experts expect the move to lead to an explosion of NFC and Kmart, said IT security experts
tag applications in retailing and elsewhere. Apple also revealed during its June have once again found and removed
5 confab with developers that iOS 11 will support P2P payments using Apple a form of malicious code in the com-
Pay and its proprietary messaging app iMessage. pany's POS systems.
In store at MWAA: Payfacs, innovation, cross-selling Sold to GTCR, SPS retains
ties to Sage Group
The Midwest Acquirers Association will return to downtown Chicago for its
15th anniversary show, MWAA 2017. For two days, July 18 and 19, payment A month after confirming during
professionals will enjoy the amenities of the Chicago Marriott Downtown an earnings call that it would divest
Magnificent Mile hotel while attending educational presentations, special Sage Payment Solutions Inc., U.K.-
events and networking opportunities at the hotel's spacious conference facilities. based Sage Group PLC entered into a
Providing insights, information and inspiration is the aim of organizers, definitive agreement with private eq-
who revealed key presentations will be on payment facilitators, awakening uity firm GTCR under which GTCR
innovation and boosting your bottom line, among other topics. will acquire Reston, Va.-based SPS
New malware involved in second Kmart breach for $260 million. "GTCR is partner-
ing with SPS management to pursue
Sears Holdings Corp. revealed May 31, 2017, that a data security breach oc- organic growth initiatives and fund
curred in its Kmart Stores division. A notice on Kmart's website apologized future acquisitions in the payment
for the incident, the second security breach in three years for the retailer. Sears processing industry," GTCR stated in
spokesman Chris Brathwaite previously disclosed a security breach of the a press release about the transaction.
Kmart brand in October 2014, one month after an investigation exposed un- "To support this strategy, GTCR has
authorized access of its payment data systems. As of this writing, it is unclear committed up to $350 million of equi-
how many of Kmart's 735 locations were affected. The company advised cus- ty capital to the platform. The trans-
tomers to "carefully review and monitor their debit and credit card account action is expected to close in the third
statements." Gareth Glynne, Senior Vice President, Retail Operations, for Sears quarter following receipt of regula-
tory approvals and other consents."
Sage Group will remain strategically
and financially connected with SPS,
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