Vehicle-based payments got a boost Wednesday with BlackBerry Ltd.’s introduction of a new app to enable secure payments from a car’s dashboard. The app, which leverages the concept of the connected car, acts like a mobile wallet that connects to a payment network to enable a variety of transactions, including …
Read More »Paymentus Acquires Payveris To Build Out It Bill-Pay Platform
Paymentus Holdings Inc., a provider of cloud-based bill-payment technology, announced Tuesday it has agreed to acquire Payveris LLC, a digital money-movement platform, in a deal valued at $152.2 million. Paymentus will pay 56% of the purchase price in cash and the remainder in Paymentus Class A common stock. The acquisition …
Read More »A New App Seeks to Make End-to-End Car Buying the Latest E-Commerce Craze
One consequence of the pandemic has been a boom in e-commerce. And now consumers can purchase automobiles online just as easily as they can most any other product. Otoz, a subsidiary of business-services and enterprise-software provider Netsol Technologies Inc., announced on Monday its e-commerce app for Mini auto dealers is …
Read More »Credential Stuffing Remains Fraudsters’ Favored Form of Attack, Says Arkose Labs
Credential stuffing hasn’t lost its appeal as a favored form of attack for criminals looking to commit account fraud, says a report from San Francisco-based fraud-prevention technology provider Arkose Labs detailing fraud trends during the first half of 2021. Credential stuffing accounted for 285 million attacks during the first half of …
Read More »Data Breaches Are Down, But the Severity of the Attacks Is on the Rise
Data breaches declined sharply during the first half of 2021, says a report from Risked Based Security Inc. The number of publicly reported data breaches during the first six months of 2021 totaled 1,767, down 24% from the same period in 2020. At the same time, the number of sensitive …
Read More »Sezzle’s Deal With BigCommerce Signals BNPL Is Now Table Stakes For E-Commerce Platforms
On the heels of Square Inc.’s acquisition of Afterpay Ltd., other buy now, pay later providers are jockeying to boost their position in the hotly competitive BNPL market. Sezzle Inc. struck a deal Tuesday with e-commerce platform BigCommerce Holdings Inc. to become its preferred BNPL partner. BigCommerce will integrate Sezzle …
Read More »Square Is Set to Become an Overnight Force In BNPL With Its Afterpay Acquisition
Square Inc.’s acquisition of Afterpay Ltd. is expected to give Square a ready-made product in the hotly competitive buy now, pay later market that it can quickly plug into its consumer and merchant applications to make it an immediate force in BNPL. Square on Sunday announced it was acquiring Afterpay, …
Read More »How Google Figures a Tie-In With Marqeta Can Increase the Utility of Google Pay
Alphabet Inc.’s Google unit is betting its partnership with Marqeta Inc.to issue a tokenized virtual Google Pay card will entice consumers to use Google Pay more often for day-to-day purchases online and in-store. The new card, announced this week, allows users to make purchases with their Google Pay balance using a …
Read More »Eye On Open Banking: Plaid Partners With Nymbus, And MX Works With Dwolla to Reach All Accounts
As open banking continues to gain momentum, providers of the technology continue to grow their ecosystem of partners to make it easier for financial institutions to validate accounts and the availability of funds within an account. Nymbus, a provider of banking-technology solutions, has partnered with Plaid Inc. to authenticate and fund …
Read More »Eye on Acquiring: Shift4 Adds the United Center, And OLB Dives Deeper Into CBD
Shift4 Payments Inc. continued its expansion into sports and entertainment venues Tuesday, announcing that it will provide payment processing for Chicago’s United Center, home to the National Basketball Association’s Chicago Bulls and the Chicago Blackhawks of the National Hockey League. The payments offering relies on Shift4’s VenueNext technology. Shift4 said …
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