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- Authorized push payments fraud is expected to reach $5.25 billion in fraud losses in the United States, United Kingdom, and India by 2026, according to research from ACI Worldwide Inc. and GlobalData, an analytics firm. In 2021, U.S. authorized push payment fraud was $1.6 billion and is forecasted to be $3.1 billion by 2026.
- POSaBIT Systems Corp. released version 2.0 of its point-of-sale platform for cannabis retailers.
- Payments provider Nuvei Corp. announced the global rollout of Nuvei for Platforms, which allows businesses to embed payments in their own systems as either a white-label service or as branded by Nuvei.
- Paytronix Systems Inc. is integrating artificial intelligence-based voice assistants from Voicify in its platform to allow restaurants to enable voice ordering.
- Banked Ltd., whose Pay by Bank technology allows users to pay merchants in real time from a bank account, said it raised more than $15 million in a Series A extension round led by Insight Partners.
- The latest SpendingPulse from Mastercard Inc. predicted a 15% increase in Black Friday retail sales.
- Banking-technology provider Amount said it will join the Mastercard Engage partner network, allowing it to deploy the card network’s open-banking platform.
- Cryptocurrency processor Speed released payment link tools for e-commerce platforms, donations, crowdfunding, tickets, and other methods.
- Payment authentication and account monitoring provider Outseer named Mike Dayton chief sales officer. He most recently was senior vice president of sales at Entrust.
- Payments provider Fortis announced it has acquired Payment Logistics, a payments-technology company. Terms were not disclosed.
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