U.S. Retailers’ Fraud Toll And Other Digital Transactions News briefs from 11/15/23
Digital Transactions News staff
November 15, 2023
Acquiring, E-Commerce, Fraud & Security, Point-of-sale, Transaction Processing
- The United States accounts for 57% of retailers that reported a breach this year, according to Trustwave’s “2023 Retail Threat Landscape: Trustwave Threat Intelligence Briefing and Mitigation Strategies” report. The United Kingdom (8%) and Canada (7%) are a distant second and third.
- In related news, Riskified Ltd., a provider of technology to manage fraud risk, reported $71.9 million in September quarter revenue, up 14% year-over-year. It cut its net loss to $20.9 million from $26 million a year ago.
- Payments provider Repay Holdings Corp. announced it will process vendor payments for users of software from Blackbaud Financial Edge NXT, which is aimed at nonprofits and fundraising organizations.
- SimplePin, a fintech payments platform for the insurance industry, marked its sixth anniversary in business.
- Property-tax software provider CSC PTMS announced an integration with Anybill to process tax payments.
- Correction: In the photo caption for “Why Every Payments Provider Should Launch a Capital Offering,” which appeared in Digital Transactions News Nov. 10, author Yas Moaven’s surname was misspelled. Digital Transactions News regrets the error.
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