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- LexisNexis Risk Solutions released an analysis of transactions and cyberattacks between Nov. 27 and Dec. 3 that found the average shopping cart value rejected as high risk or fraudulent was $329, or 179% higher than the value of legitimate online transactions—$118—in the period.
- Juniper Research’s latest report forecasts that the installed base of contactless-enabled point-of-sale devices will surpass 161 million globally by 2024, accounting for 94% of all POS devices in use.
- POSaBIT Systems Corp., which specializes in point-of-sale systems for the cannabis industry, launched in Montana for medical-marijuana dispensaries.
- Fidelity National Information Services Inc. (FIS) said VyStar Credit Union will move its credit card production and processing services to FIS. The incumbent servicer was not identified.
- Private-equity firm Lovell Minnick Partners invested in Fortis Payment Systems LLC. The amount was not disclosed.
- E-commerce services provider Volusion launched Volusion Capital, a financing option for small and mid-size businesses.
- The Electronic Transactions Association announced its 2020 board of directors. Chris Lee, chief executive of BillingTree, is the incoming board president.
- The Bancorp Inc., a leading prepaid card issuer, named Michael Althouse as managing director and chief compliance officer and Keith D. Owes as managing director and chief risk officer. Althouse most recently was at Barclays US Consumer Bank. Owes was an executive at Bank of America Corp.
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