Merchants wrestle with fraud every day, lamenting how much is lost in each bad transaction. LexisNexis Risk Solutions, as it’s done for a number of years, has quantified the actual cost beyond the item’s value. In 2026, the total cost of every $1 in fraud is $5.13 in the United …
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Processor Jack Henry & Associates Inc. said it will work with Google Cloud to introduce an AI-based security service for financial institutions to enable faster issue resolution and support routine operations. Elon Musk’s X social-media platform has started to roll out the X Money payment service to more users to elicit feedback and correct …
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Payment card issuer CPI Card Group Inc. said it has acquired instant-issuance technology from HID Global Corp. The all-cash deal closed June 23, CPI said, though price and other terms were not announced. Affirm Holdings Inc. said retailer Backcountry will add Affirm as a payment method on Backcountry.com and its other sites. Mastercard …
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PCI Pal has launched a passkey customer authentication service that it says allows merchants to verify customer identity at the start of a transaction. Fraud prevention specialist Scamnetic rebranded its IDeveryone Payment Protection division as PayVerify. Integrated Research launched Iris for Card Payments, AI technology that it says assists payments companies in detecting transaction …
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Rent, the 12-times-a-year installment payment many consumers make, could benefit from splitting further into two payments a month, suggests a study released by Flexible Finance Inc., also known as Flex. New York City-based Flex commissioned the study, which was completed by San Francisco-based research firm MetroSight. Flex enables tenants to …
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Card programs for specialized payments often get lost in the shuffle, but a pair of developments this week indicate the market for card-driven payments remains vibrant in the age of cardless digital transactions. This is especially the case lately with respect to markets like dealerships and housing. Brex LLC, a …
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PayIt, a payments provider for state and local governments, launched PayIt Smart Works, a slate of AI-enabled functions for back-office operations, including consolidation of payment, banking, and remittance data. Banking-technology provider Mercury launched Mercury Command, an AI-based platform enabling users to make payments and conduct other financial business via natural-language command. Sutton …
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As e-commerce volumes climb, Early Warning Services LLC has been pushing its Paze online checkout service in a national campaign that started earlier this month. The latest chapter in that effort arrived early Tuesday with the news that Paze will award a $10 statement credit to users who use the …
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PAR Technology Corp. said it has signed Pizza Factory for its PAR POS, PAR Ordering, and other PAR technologies to be installed at all of the restaurant chain’s 110 stores. Zip Co Ltd. announced it intends to support Stripe Inc.’s Shared Payment Tokens for checkout via AI agents. Pacific Gas & Electric is …
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With large payments companies beginning to incorporate cryptocurrency and alternative payment methods into their processing flows, the opportunity for sales agents and their acquirers to sell another payment-acceptance method is growing. That’s the takeaway from a panel discussion this week at the Southeast Acquirers Association conference in Miami Beach, Fla. …
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