Financial-services organizations have long held a sobering view of the cost of scams and fraud. Now, the cost of these crimes and misdeeds has reached an average of $5.75 per every $1 of fraud loss, finds the latest edition of the 2025 True Cost of Fraud Study for North America …

Nuvei Corp. is adding the Paze digital wallet as an option for its merchants just as the much-anticipated fourth quarter nears. Paze is the online wallet from Early Warning Services LLC that is meant to expedite the checkout process for e-commerce businesses. Montreal-based Nuvei, privately held since last year, joins …

Money-movement specialist Alacriti wants to make it easier for banks and credit unions to use its service to enable the Zelle peer-to-peer payment service. That’s why it’s added Zelle to its Orbipay Payments Hub, a platform for financial institutions. Zelle, the P2P payment service from Early Warning Services LLC, had …

Instant Financial is tapping virtual card payments to make it easier for employers to pay their workers quickly and securely with its Virtual Paycard. In related news, U.S. Bank is marketing a new embedded service, U.S. Bank Payroll, to help small businesses better manage their payrolls. Atlanta-based Instant Financial says …

PayPal and Venmo users will get early access to a new artificial intelligence-based tool that could herald the payment company’s next steps with agentic commerce. Perplexity.AI’s Perplexity Pro, typically a $200 annual subscription, is now available to PayPal and Venmo users in a 12-month free trial. It is part of …

Payments-orchestration platform CellPoint Digital says Radisson Hotel Group, with more than 1,580 hotels in more than 100 countries, will use its platform across its portfolio. In related news, TipMee’s app launched to enable cashless tipping. London-based CellPoint Digital says Belgium-based Radisson will benefit from a standardized global payment process and …

Delivery provider Instacart has been on a tear to enroll grocers, such as the four that adopted it as their e-commerce platform in November, and is now looking to independent grocers for expansion. Instacart Thursday said it will work with wholesale grocery Merchants Distributors LLC to reach these grocers. Instacart, …

Ensuring healthy merchants are added to a portfolio, and taking care of them once they’re admitted, are two major priorities for acquirers. LegitScript, which provides merchant and product certification and onboarding services, helps organizations vet new merchants and has released updates for its onboarding product. Meanwhile, processor Elavon, a subsidiary …

Buy now, pay later services might be mostly associated with e-commerce, but BNPL providers are steadily moving acceptance into stores. The latest is Klarna AB with Monday’s announcement it is now an in-store payment method at more than 400 Walmart Inc. locations across Canada. Sweden-based Klarna says Walmart is its …

In the fiercely competitive restaurant market, point-of-sale systems makers can’t afford to slack off when it comes to features for restaurant operators. That’s why companies frequently develop new features. Qu POS Inc. and Square, separately, are the most recent examples. First up is Qu, an Arlington, Va.-based POS system maker with …