Fraud & Security

As the buy now, pay later payment option continues to permeate commerce, Affirm Inc. fine tunes its repayment options and Uplift hooks SeaWorld as a client. San Francisco-based Affirm says its new Adaptive Checkout gives consumers the option to pay in biweekly or monthly installments. The service will dynamically present a …

Chevron Products Co. said it is working with mobile-payments technology provider P97 Networks Inc. to enhance the company’s mobile apps for both Chevron and Texaco customers.Mercator Advisory Group’s “18th Annual U.S. Closed-Loop Prepaid Cards Market Forecast 2020-2025” found that closed-loop prepaid card loads dropped 14% because of the pandemic, but are expected …

PayPal Holdings Inc. on Tuesday launched a new version of its mobile app with a panoply of new shopping and financial features aimed at broadening the product’s appeal with consumers who are increasingly turning to online commerce. The big refresh, the first PayPal has executed on its digital wallet for …

The First National Bank of Omaha launched a buy now, pay later service that enables merchants to offer installment payments to consumers. FNBO tapped EXL, an operations management and analytics company, and Skeps, a point-of-sale loan originations platform, to help develop the service. The BNPL service can be integrated into e-commerce Web …

Payments provider Priority Technology Holdings Inc. completed its acquisition of Finxera Holdings Inc., a provider of banking-as-a-service software. Terms of the deal, which was announced in March, were not announced.Payment-fraud prevention provider Inetco Systems Ltd. launched BullzAI, a single technology combining a Web application firewall with a real-time fraud-detection and blocking system.The Tampa Hillsborough …

GOL Linhas Aereas Inteligentes S.A., said to be Brazil’s largest domestic airline, has chosen FIS Inc.’s Worldpay unit for payments processing in the 38 global market where the airline operates.Zum Rails, a provider of payments and open-banking software, launched anti-fraud technology for its Instant Deposit feature, which is enabled by Visa Direct.Humbl …

Visa Inc. announced it has helped enable an estimated 16 million small businesses globally for digital payments, reaching 30% of its goal to so enable some 50 million small concerns.The Goldman Sachs Group Inc. said it will acquire GreenSky Inc., a provider of payments and loans at the point of sale for more …

Bot attack volumes increased 41% year-over-year in the first half of 2021, according to the latest Cybercrime Report from LexisNexis Risk Solutions.Outseer, an RSA Security LLC company, said its 3-D Secure technology has processed $100 billion in transactions to date in 2021. It also released its third quarter “Fraud & Payments …

As digital commerce continues to proliferate globally, the need for identity-resolution technology has grown exponentially. Credit-reporting giant TransUnion LLC on Monday strengthened its hand in that capability with the announcement it is acquiring Neustar Inc. for $3.1 billion. TransUnion will finance the deal with a combination of cash and debt.  …

The two big card networks are making preparations for big moves into cryptocurrency payments. But crypto is no stranger to fraud, so Mastercard Inc. on Thursday announced it is acquiring CipherTrace Inc., a 6-year-old company specializing in technology to combat money laundering and other crimes involving digital-currency transactions. The deal, …