April 1, 2022
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Real-time Payments, Transaction Processing
Some 79% of cybersecurity professionals globally said their organizations had been hit by ransomware within the last 12 months, according to a survey of 620 respondents conducted by Enterprise Strategy Group and commissioned by OwnBackup, a data protection platform.Payments provider Repay Holdings Corp. announced an integration with Flex, a provider of core system …
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March 31, 2022
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Mobile Commerce, Transaction Processing
Retailers worldwide lose billions every year due to chargebacks, and a significant and growing portion of them are a result of chargeback fraud. However, it doesn’t have to be that way if businesses are proactive about implementing the right prevention strategies. Chargeback fraud can be defined as when an individual …
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March 30, 2022
Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Featured, Fraud & Security, Mobile Commerce, Point-of-sale
Payments providers are increasingly resuming business-as-usual as the pandemic eases, but so are criminals. Losses from identity-fraud schemes, in which fraudsters use stolen payment credentials for their own gain, soared 79% last year to $24 billion, according to a study released Tuesday by Javelin Strategy & Research. Moreover, this so-called …
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March 30, 2022
Acquiring, Competitive Strategies, Credit Cards, Digital Currency, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Transaction Processing, Vending
Unattended payments specialist Cantaloupe Inc. launched ePort Engage Combo, a new all-in-one card reader and telemeter, digital touchscreen, and payment platform that can be installed directly over existing bill acceptors.Payments provider Trust Payments has signed agreements with three independent sales organizations—Provident Advisor Group, DPS Card Services, and Card Dynamics—to sell Trust Payments’ new e-commerce …
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March 29, 2022
Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Law and Regulation, Point-of-sale, Pricing
Panini S.p.A., which has been expanding beyond its base in devices for image processing, said early Tuesday the Federal Bureau of Investigation has certified its fingerprint-authentication technology, called BioCred. The scanning technology meets image-quality specifications set by the FBI’s Appendix F standard, said to be the law-enforcement agency’s highest standard …
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March 29, 2022
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Real-time Payments, Transaction Processing
Payments provider Payfare Inc. announced it is adding Visa Direct to its platform to enable real-time payouts to gig workers.Cloud-based payments provider Volante Technologies said it is working with the consulting firm KPMG to offer banks cloud technology for real-time payments, along with an advisory service.Mastercard Inc. is working in the United Kingdom with Temenos, …
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March 25, 2022
Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Law and Regulation, Mobile Commerce, Mobile Wallets, Transaction Processing
The European Union on Thursday advanced legislation to curb the power of tech companies, legislation that would force them to provide more billing options to consumers on their highly popular app stores. In related news, Google and the big music streaming service Spotify this week announced Spotify users with Android …
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March 25, 2022
Acquiring, Competitive Strategies, Credit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Mobile Wallets, Transaction Processing
Sightline Payments said it has chosen J.P. Morgan Payments as its primary merchant acquirer and processor for Sightline’s Play+ service, which works with more than 80 companies to support sports betting, lotteries, and online and physical casinos in more than 40 states. Play+ has more than 1.5 million accountholders.In related news, J.P. …
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March 24, 2022
Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Mobile Commerce, Point-of-sale, Transaction Processing
Growth in human-initiated bot attacks outpaced growth in automated bot attacks in the second half of 2021. That’s according to the latest Cybercrime Report from LexisNexis Risk Solutions. Automated bot attacks globally increased 32% for June through December last year over the same period in 2020, trailing the 46% spike …
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March 24, 2022
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Point-of-sale, Transaction Processing
Lax credit checks, minimal personal data requested, and fast loan approval. What’s not to love about buy now, pay later (BNPL) options if you’re a cybercriminal? From creating fake identities to exploiting flaws in providers’ data-management tools, bad actors have been quick to take advantage of these fast-growing, convenient finance …
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