Cubic Transportation Systems Inc. early Tuesday launched Umo ScanRide, a QR-code-based fare-collection solution for transit systems. To pay a fare using ScanRide, consumers scan a QR code with a mobile phone. The fare is then displayed on the user’s phone screen and debited from her ScanRide wallet. Consumers can fund …

Retail chain Crate & Barrel Holdings has partnered with Adyen NV to process payments for its 110 physical stores in the United States and Canada. The deal also covers processing for Crate & Barrel’s CB2 stores, a sister brand that sells modern furniture. Crate & Barrel will use Adyen’s unified …

Rain Technology, a provider a directional-display technology, has developed a solution that aims at reducing the risk of onlookers visually stealing a consumer’s PIN at an ATM. The solution, called ATM Switchable Privacy, enables as little as 0.2% of an ATM screen to be visible outside of a 45-degree viewing …

Mastercard Inc. announced early Thursday it has acquired cybersecurity firm Recorded Future for $2.65 billion. The acquisition builds on Mastercard’s strategy of investing in fraud detection and cyber defense technologies, the network says. The deal also enhances Mastercard’s identity, fraud prevention, real-time decisioning, and cybersecurity services for merchants and financial …

Fraud attacks initiated by automated bots using artificially generated images, also known as deepfakes, are becoming a major problem in the payments industry, according to a report Wednesday from AU10TIX, a provider of identity-verification and risk-management technology. Overall, 32% of all Internet traffic during the second quarter was driven by …

Merchants in the United States paid $224 billion in card-acceptance costs in 2023, the highest toll for merchants in any country in the world, according to payment consultancy CMSPI’s State of the Industry Report. Interchange fees alone accounted for $143 billion of that total. Since 2009, U.S. merchants’ like-for-like payment …

Adyen NV early Monday began launching what its calls an intelligent-routing service for debit cards intended to reduce merchants’ debit-acceptance costs and increase authorizations for purchases. The service, which enables Adyen to choose which network to route transactions over, was developed primarily in response to the Federal Reserve’s 2023 statement …

American Express Co. expects its pilot program enabling cardholders to add their payment information at participating online merchants will please cardholders and make for smoother checkouts. The pilot, announced Thursday, allows AmEx cardholders to add or update their card information and store it for use at a participating merchant through …

Visa Inc. announced early Thursday it will launch account-to-account (A2A) payment capabilities in the United Kingdom in early 2025. The move will allow U.K. consumers paying bills to do so directly from their bank account, as opposed to paying by check, cash, or card. Visa’s plans for the service, called …

Payments-technology provider Opus Technologies Inc. has launched Paysemble, a suite of apps that are meant to streamline payment integration for financial institutions and merchants. A cloud-based solution, Paysemble allows businesses to consolidate payments from multiple channels through interoperable message hubs, configurable security, and batch processing. As a result, businesses can …