E-Commerce

Aliant Payments said it added Bob Moore Auto Group as a client for cryptocurrency processing. The agreement will allow the auto dealer to accept Bitcoin, Ethereum, and Litecoin for cars, parts, and service at its Subaru dealership in Oklahoma City. Thales S.A. said Gemalto will operate as a separate company …

Merchant acquirer EVO Payments Inc. plans to reinvigorate its lagging U.S. e-commerce business while still pursuing expansion opportunities abroad, its chief executive said Wednesday. Atlanta-based EVO is one of the smaller publicly traded payment processors, and it has a unique business model. Its roots are in the U.S., but today …

Those who work in electronic payments know the risks from criminals constantly trying to steal sensitive payment data. Small-business owners, however, may not. Eighty-nine percent of them say there is low to no risk of their businesses facing a data compromise. That startling stat comes from the recently released 2019 …

Mastercard Inc. said it is purchasing Ethoca Inc., a fraud-mitigation firm, for an undisclosed amount. The deal is expected to close in the second quarter. Ethoca works with more than 5,000 merchants and 4,000 financial institutions. Mastercard intends to expand Ethoca’s capabilities and combine the company with its current security …

With $2.28 billion in losses over the past three years, ride-share provider Lyft Inc. is looking to cut costs—and payment-card acceptance expenses won’t be spared. San Francisco-based Lyft outlined several initiatives it already has started or is planning in a filing earlier this month with the Securities and Exchange Commission …

Mastercard Inc. has called a halt to its bidding war with Visa Inc. over cross-border business-to-business payments processor Earthport PLC and instead plans to acquire another company in the space, Transfast Remittance LLC. Mastercard announced a tentative deal to buy New York City-based money-transfer provider Transfast Friday. Transfast is a …

A bank’s ability to deliver convenience and security is a high-stakes balancing act. Consumers value secure applications, but they don’t want the hassle that often accompanies multiple points of authentication. They want easy-to-use applications that facilitate fast and seamless financial transactions.  There has been no shortage of data breaches over …

Fewer consumers fell victim to payment card fraud in 2018, but fraud victims picked up more of the financial losses, according to Javelin Strategy & Research’s latest annual identity-fraud study. Based on the results of its 16th annual identity-fraud study, Javelin estimates that payment-related fraud affected 14.4 million consumers last …

Criminals figured out in 2018 how to really frustrate retailers. They automated their bots to create high-volume attacks against online merchants, finds the ThreatMetrix Cybercrime Report: H2 2018. Released Tuesday by ThreatMetrix, an anti-fraud company purchased by LexisNexis Risk Solutions last year, the report finds there were 5.5 billion bot …

Fleetcor Technologies Inc., a business-to-business payments provider, said it has agreed to acquire Nvoicepay Inc., a provider of accounts-payable technology. Terms were not disclosed. Private-equity firm Napier Park Financial Partners invested $10 million in Nvoicepay in 2016. Mobile point-of-sale specialist CardFlight Inc. said its SwipeSimple product now includes the ability …