Fraud & Security

N26 Inc., the U.S. unit of German bank N26 GmbH, launched its mobile-banking app that includes MoneyBeam, a person-to-person payment service between N26 bank customers. Accounts also include a Visa debit card.Merchant processor Net Element Inc. said its Unified Payments subsidiary is providing Internet of Things payment services in the property-management market …

The year 2019 is shaping up to be the worst year yet for data breaches, according to a recent report from Risk Based Security Inc. Through the year’s first half, 3,813 breaches were reported, up 54% from a year earlier. Those breaches exposed more than 4.1 billion consumer records, up …

More than a score of Texas cities have been hit with ransomware, crippling their municipal computer systems and accounting for one-third of all municipal ransomware attacks so far this year, according to Armor Defense Inc., a cloud-security company. It released a ransomware report Tuesday. Among the latest cities is Borger, …

As merchants, consumers, and financial institutions contend with the aftereffects of unceasing data breaches, Visa Inc. is adding new products to help prevent and disrupt payment fraud. Announced Tuesday, the roster of new products include Vital Signs, which monitors transactions and alerts financial institutions to signs of potential fraudulent activity …

Point-of-sale equipment maker Scansource Inc. announced it will divest distribution businesses in Europe, the United Kingdom, Colombia, Chile, and Peru, as well as its Miami-based export operation, as part of a strategic repositioning. The businesses totaled $623 million in net sales in fiscal 2019.Apple Inc. said its Apple Card is now open to all U.S. …

A CreditCards.com poll found that 49% of U.S. adults usually pay with cash for transactions of less than $10. Thirty-five percent use debit cards and 16% use credit cards. The survey canvassed more than 2,500 adults in July.Eighty-two percent each of Generation X consumers and Baby Boomers buy in-store at least monthly, Blackhawk …

Repay Holdings Inc. announced the acquisition of TriSource Solutions for up to $65 million. TriSource, founded in 2007, provides back-end transaction-processing services to independent sales organizations. TriSource has been Repay’s primary third-party processor for back-end settlement since 2012.The U.S. District Court in Cleveland approved a $4.3 million settlement of a class action filed …

Accenture released its 2019 Cyber Threatscape Report that examines cybercrime operating models and the effects of ransomware.Point-of-sale equipment maker Star Micronics said Square Inc. now supports its mG-Scale products.In a survey of 100 small businesses, installment-payments provider Klarna found that 40% of online retailers said operational size was the biggest barrier to adopting new payment options.Agreement Express …

As payment companies expand ways for consumers to make digital payments, 62% of North American merchants, bankers, and fintech providers expect more such payments within the next two years, says Forrester Research Inc. in its “Understanding the Evolving Payments Landscape” report released Monday. Commissioned by Visa Inc., the report also found …

Wells Fargo & Co. said former Mastercard Inc. executive Colleen Taylor is joining the bank as head of Wells Fargo Merchant Services, the bank’s merchant-acquiring joint venture with Fiserv Inc. Fiserv took over the operation as part of its acquisition of First Data Corp., which last year reached an agreement with Wells …