The average payout for a ransomware attack has increased despite a drop in the number of times an organization is attacked annually, a study by cybersecurity firm ExtraHop Networks Inc. finds. The average payout per attack the past year was $3.6 million, up from $2.5 million. The number of ransomware …

Global Payments Inc. has expanded its reach into the highly competitive world of payment processing for sports teams and entertainment venues through a deal with sports and venue-management company Harris Blitzer Sports & Entertainment LLC. Global Payments will be the official payment technology provider for the Prudential Center, as well …

MoonPay USA LLC has launched MoonPay Commerce, a platform that enables merchants to accept cryptocurrency for products, services, and subscriptions. MoonPay built the platform using technology from its acquisition of Helio earlier this year. Developers and merchants can integrate MoonPay Commerce, which is already being used by 6,000 merchants, using …

Universal Air Travel Plan Inc. (UATP) early Thursday announced it has partnered with Burbank, a United Kingdom-based fintech, to deploy an app that enables mobile devices to act as a POS terminal to process card-present transactions over the Internet.   The app is embedded in the merchant’s mobile app, which …

SpotOn Transact LLC has integrated Visa Direct, a faster-payments service, into its DayCheck earned-tip payment app. The integration will allow restaurant owners to simplify tip payouts and enable restaurant employees to move tips directly to their bank accounts. San Francisco-based SpotOn says restaurant operaters are squeezed by working capital challenges …

Visa Inc. entered the agentic-commerce fray early Tuesday with the launch of Trusted Agent, a protocol developed in collaboration with cloud-computing connectivity provider Cloudflare Inc. The protocol is part of an overall strategy to make agent-initiated transactions as seamless and secure “as any consumer-initiated transaction today,” the card network tells …

Verifone Inc. early Monday launched Commander Fleet, a payment and site-management system that enables fuel and convenience retailers to accept WEX and other leading commercial fleet cards through a single POS integration. The system is expected to roll out across North America. Providing fuel and convenience retailers with a single …

Identity-verification platform provider Proof.com has launched Certify, a product intended to combat falsification of signatures created through the use of artificial intelligence. With Certify, users can cryptographically authorize a digital signature on any type of content, such as wire instructions, tax returns, and legal agreements, using a verified legal identity.  …

Buy now, pay later lenders Klarna AB and Affirm Inc. are separately partnering with Google Inc. to enhance their technology stacks. Klarna announced early Thursday it is partnering with Google Cloud to fast-track development of consumer-centric products and marketing campaigns within the Klarna app. Google Cloud is the commercial arm …

Socure, an AI platform for digital identity verification and fraud prevention, announced early Wednesday the launch of Hosted Flows, fraud-detection technology that enables users to build, customize, and deploy branded identity verification and fraud prevention capability without the need for programming code. With Hosted Flows, product, risk, and compliance teams …