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 …

Buy now, pay later provider Klarna AB said its service is now included in Viva Wallet, a European payment platform. Klarna says it serves 150 million active users globally, conducting 2 million daily transactions.In the wake of the implosion of cryptocurrency exchange FTX, Silvergate Capital Corp. said FTX’s deposits at the bank totaled $11.9 …

Moca Financial, a platform for digital cards and payment processing, launched The Patriot Card in partnership with the Association of Military Banks of America. Aimed at veterans, the physical and virtual Visa cards enable holders to receive, spend, and save government benefits.Banking giant J.P. Morgan announced it will open an office in Athens, Greece, …

Overall consumer spending per household moderated in October compared to September, up 2.9% year-over-year vs. 3.2%, according to a study from Bank of America Institute. Still, total transactions for the bank—cards, ACH, wires, bill pay, P2P, cash, and checks—increased 9%. Payments provider Green Dot Corp. reported consolidated gross dollar volume of $18.7 billion …

California grocer Ralphs has begun accepting Apple Pay in its 184 locations in the state, reported MacRumors.com, citing a company spokesperson. Ralphs is part of the Kroger Co., which Digital Transactions News reported in 2020 was testing contactless payments at some of its locations. Kroger launched its proprietary mobile-payments service Kroger Pay in 2019, but has …

Thomas Warsop is taking over as chief executive of payments-technology provider ACI Worldwide Inc., succeeding Odilon Almeida, who is stepping down after serving in that role since March 2020. Warsop formerly was non-executive chair of the board of directors and is being succeeded in that role by board member Adalio Sanchez. Dow …

Online fraud prevention provider Seon announced a free version of its platform, which will support up to 2,000 API calls each month. Online commerce services provider Signifyd released its first holiday season predictions tracker for 2022. American Express Co. said it will pledge $5 million to organizations helping cities and coastal communities tackle climate-related events. …

Payments provider FIS Inc. and its Worldpay unit announced they will process all payments at TIAA Bank Field, home of the Jacksonville Jaguars NFL team. The deal includes installation of 600 point-of-sale terminals featuring tap-to-pay functionality. Payments provider Paya Holdings Inc. reported third-quarter payment volume of $12.6 billion, up 14.3% year-over-year. Revenue totaled $71.4 …

Cryptocurrency platform Bakkt Holdings Inc. has agreed to pay $200 million to acquire Apex Crypto LLC, a crypto-trading platform for fintechs, from Apex Fintech Solutions Inc. Card manufacturer CPI Card Group Inc. said credit and debit card sales helped propel its third quarter revenue to $124.6 million, a 25.1% increase from $99.6 million in …

The payments platform Orum said it will rely on account-verification technology from open-banking provider MX Technologies Inc. to offer money-transfer capability targeted at fintechs.Checkout-free shopping provider Grabango said its in-store contactless checkout service is available at a Chevron U.S.A. Inc. location in California.Bluefin Payment Systems acquired TECS Payment Systems, an Austria-based omnichannel payments provider. Terms were not …