Monday , March 18, 2024

Fraud & Security

FIS Enlists AI in Fraud Detection And Other Digital Transactions News briefs from 3/18/24

FIS Inc. said its SecurLock service, working with artificial-intelligence technology from the fintech Stratyfy, is set to increase the volume of card transactions accurately identified as fraudulent, allowing clients to stop the transactions before they are consummated. FIS said the technology “was able to deliver a significant improvement of accurately identified …

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As McDonald’s Recovers From a Global Outage, It Looks to Prevention And Accountability

McDonald’s Corp. on Sunday showed signs it had largely recovered from a widespread system outage that began early Friday and shut down service, prevented card payments, and scrambled digital orders for hours at thousands of restaurants around the world. Now, the company is seeking the cause and promising to hold …

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Security Firm Zumigo Ditches Passwords for Customer Authentication in Online Transactions

Zumigo Inc., a provider of mobile-identity authentication technology, says it has enhanced its DeRiskify fraud-prevention product for e-commerce merchants by enabling sellers to authenticate customers without a password requirement when customers log into their account. Eliminating the need for passwords in the customer-verification process pleases customers, which in turn can …

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Eye on E-Commerce: Riskified Launches Pre-Screening Tool; Chargeback Gurus Adopts PCI 4.0

As online shopping continues to stitch itself into consumer behavior, efforts to reduce chargebacks also advance. The latest is Riskified’s Auth Rate Enhance service that can pre-screen orders and provide more information for its customers to make a go-no-go decision on digital orders. Auth Rate Enhance, a component of Riskified’s …

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TCH’s ACH Volume up 8% And Other Digital Transactions News briefs from 3/12/24

The Clearing House Payments Co. LLC’s automated clearing house network, EPN, reported volume of more than 19 billion transactions for 2023, up 8%, with a total value of $52.4 trillion. Taulia, which provides technology to manage working capital, said it will incorporate into its Taulia Virtual Cards digital payments technology from Visa …

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SheerID And Payment Plugins Team Up to Provide Customer Verification for WooCommerce

SheerID Inc., a provider of identity-verification technology, and software developer Payment Plugins are collaborating to provide a consumer identity-verification solution for e-commerce platform provider WooCommerce. The deal will seek to enable WooCommerce merchants to reduce fraud by ensuring gated offers and discounts are being used by customers who are the …

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Apple Reverses Epic Decision and Other Digital Transactions News briefs from 3/11/24

Apple Inc. on Friday reversed course on Epic Games, saying it would allow the online game developer to build its own app store in Europe for Apple devices. The reversal came as the European Union’s Digital Markets Act took effect last week. In the U.S. market. Apple several years ago permitted Epic …

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Zil Money Surpasses $70 Billion in Volume and Other Digital Transactions News briefs from 3/8/24

Zil Money Corp. reported its automated check-payment app, OnlineCheckWriter.com, has passed $70 billion in volume since its inception in 2018. The service relies on various payment methods, including the automated clearing house, real-time payments, and QR codes. The payments platform Nayax Ltd. announced an offering of 3.13 million of its ordinary shares at …

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PayPal Adds Tap to Pay on iPhone And Other Digital Transactions News briefs from 3/7/24

PayPal Holdings Inc. said Tap to Pay on iPhone is available for all Venmo business profile and PayPal Zettle users in the United States. Tap to Pay on iPhone enables merchants to accept contactless payments using an iPhone with no extra hardware, only a payments app. The service had been in …

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Newly Independent NCR Voyix Reports Platform Growth

In its first earnings report since its split from the former NCR Corp., point-of-sale and digital-commerce technology provider NCR Voyix Corp. on Thursday said it added 14,000 sites to its platform in 2023. Atlanta-based NCR Voyix’s platform handles payments, business-management and marketing functions for retailers, restaurants, and banks, and the …

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Digital Transactions