Real-time payment fraud is on the rise, even before the expected July launch of the Federal Reserve’s FedNow service. Some 71% of financial institutions reported an increase in consumer account takeover fraud using real-time payment networks from 2021 to 2022, according to a February and March survey of financial-institution executives internationally …

Payrange Inc., a payments provider for the vending and unattended-retail market, announced it has acquired Vagabond, a cloud-based provider of business intelligence for the convenience-retail industry. Terms were not announced. Sales of contactless cards helped payment card manufacturer CPI Card Group Inc. increase overall first-quarter sales 8% year-over-year to $120.9 million, with sales …

Payments processor Virsympay, which serves small and medium-size businesses, launched a gateway that supports Google Pay and Apple Pay transactions along with conventional card and automated clearing house payments. Money transfer provider Paysend said Spanish-language content and media company TelevisaUnivision has become a shareholder in the company as part of a multiyear deal …

GoDaddy Inc. reported payments volume from its various commerce services surpassed $1 billion annualized in the first quarter. The Web registrar has launched a number of payments initiatives in the past year, most recently a service that supports transactions through Microsoft Teams. Thinkific Labs Inc., a platform that supports creating, marketing, and …

Payments provider Deluxe Corp. reported its first-quarter revenue dipped nearly 2% year-over-year to $545.4 million. Net income swooned from $9.7 million to $2.8 million owing to higher interest expense and a higher income-tax rate, according to the company. Revenue in its payments division, its second-largest unit after checks, rose 3.5% to $172 …

Deluxe Corp. said it and Echo Health Inc. have formed a joint venture called DPX Payments to provide payables services to the middle-market and will offer a disbursements platform. ACI Worldwide Inc. said its 2023 Prime Time for Real-Time Payments report found the Middle East as the fastest-growing region for real-time payments globally, …

Working with Searchlight Capital Partners, payments provider Rev Worldwide closed on its $1-billion all-cash acquisition of the Netspend consumer business from Global Payments Inc. Netspend is a specialist in prepaid and debit cards for more than 100,000 retail locations. Payments provider Finix Payments Inc. said it is now a payment processor, having completed direct connections to …

Business-to-business payments specialist TreviPay said it will integrate its services with Spryker, a commerce platform for enterprise businesses. Chargeback resolution provider Chargebacks911 issued a plea for “regulatory discretion” as the financial technology industry develops. In April, Chargebacks911 was accused by the Federal Trade Commission and the Florida attorney general of allegedly using multiple techniques …

Amazon.com Inc. reported first-quarter revenue from “other sources” of $1.03 billion, up 55% year-over-year. The “other” category includes revenue from the massive online retailer’s cobranded credit cards. Total revenue from products and services for the quarter was $127.4 billion, up 9.5% year-over-year. Law firm BakerHostetler released its 2023 Data Security Incident Response …

Payment processor and core banking provider FIS Inc. posted first quarter revenue of $3.51 billion, a 0.6% increase from $3.49 billion in the same quarter in 2022. Its net income of $141 million was 17.5% greater than the $120 million profit a year ago. FIS’s merchant solutions segment had revenue of $1.1 …