Payments processor FIS Inc. said it has adopted Project Glasswing, a system from Anthropic that relies on AI to detect and fix security weaknesses in software. As part of the initiative, FIS is also testing Anthropic’s Mythos 5 AI model to scan its operating systems. Payments platform Lightspeed Commerce Inc. announced a number of …
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MagTek Inc. said Winston POS completed an integration with MagTek’s MMS Dyna devices and the Magensa Payment Protection Gateway. ESW announced it has agreed to handle various cross-border operations, including payments, for KnitWell Group, whose brands include Ann Taylor, Chico’s, and Lane Bryant. Socure Inc. released Remote Verifier, a service to enable organizations …
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PayPal is in play, as rival payments player Stripe has made an offer to buy the 27-year-old company at a reported valuation of more than $53 billion, according to a report early Wednesday by Reuters. The offer, at $60.50 per share, is backed by both Stripe and Advent International, a …
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Payments provider Priority Commerce announced it will process ticketing transactions for the National Football League’s Pittsburgh Steelers under a multi-year agreement. Priority Payments rebranded as Priority Commerce in late 2024. Gift card and loyalty technology provider Factor4 announced an integration with the MX POS platform from Priority Commerce. The integration is aimed at easing …
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A newly released standard for QR code payments could make it easier for consumers and merchants to use instant payments, says the Accredited Standards Committee X9 Inc. X9 is a nonprofit organization that develops and maintains national and international standards for the financial-services industry. The new standard, officially called X9.150, …
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Ever since Shift4 Payments Inc. paid $2.5 billion last year to acquire Global Blue, the processor has looked for ways to leverage the international shopping platform’s strengths in tax-free shopping for international travelers. The latest development emerged early Tuesday with Shift4’s launch of Shift4 One, a move the company says …
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Bill-payment technology provider Repay Holdings Corp. said its board has unanimously rejected a revised, unsolicited offer from Forager Capital Management LLC to acquire the company with a $5.25-per-share cash offer, arguing the bid undervalues the company. In related news, Repay has appointed Zachary F. Sadek to its board of directors. Sadek is a senior …
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Payoneer Inc. is continuing its software-development push with the opening of a new developer hub in India this week. In June, processor Nuvei Corp. said it would acquire Payoneer in a $2.75 billion deal that is expected to close mid-2027. New York City-based Payoneer says the hub, in Gurugram near …
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Mastercard Inc. is looking to sell a majority interest in its United Kingdom-based Vocalink payments-processing business, according to press reports that emerged early Monday. DeliveryCo, a technology company backed by U.K. banks and payments platforms, is reportedly a potential buyer. A 51% stake in 19-year-old Vocalink could fetch nearly $535 …
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BingX, a cryptocurrency exchange and AI company, launched its BingX Visa Debit Card, which allows users to spend stablecoins globally. The issuer is Wirex, a stablecoin technology developer and principal member of Visa. PayPal Holdings Inc. said its PayPal USD stablecoin is now issued natively on the Polygon, a blockchain network, through …
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