Fraud & Security

MagTek Inc., a point-of-sale equipment and security provider, starts 2026 with four partnerships. First, it is pairing with cleverQ, an independent software vendor specializing in queuing and appointment software that will use MagTek’s Qwantum Multifactor Authentication product for its secure identity verification process. With this integration, cleverQ can verify visitors …

The private-equity firm GTCR said the previously announced $24.25-billion sale of processor Worldpay to Global Payments Inc. has closed. As a result of the transaction, GTCR will own roughly 15% of Global Payments’ equity, the investment firm said. GTCR acquired a majority stake in Worldpay in July 2023 from the processor FIS Inc. Global …

Clover, the point-of-sale system from Fiserv Inc., is embarking on an identity-based utility with an integration with biometric-payments company Wink. Announced Wednesday, the integration involves much Clover POS equipment to accept biometric authentication to complete a transaction. Fiserv says the integration with Plano, Texas-based Wink is initially available to quick-service …

Holiday spending in Canada over the seven-week period starting Nov. 1 rose 4.4% compared to the same period last year, according to a report from Visa Consulting & Analytics. Some 88% of the spending occurred in-store, with the remainder spent online. Payments provider Klarna AB said U.S. spending on its platform on entertainment, …

With at least one forecast, from Morgan Stanley, predicting agentic commerce could capture from 10% to 20% of U.S. e-commerce spending by 2030, payments companies are quickly prepping. The latest is the pairing of Visa Inc. and Akamai Technologies Inc., a cybersecurity and cloud-computing company. The Visa and Akamai collaboration …

System Solutions LLC says an update to its integration with Microsoft Dynamics 365 Business Central cloud ERP software enables merchants to process automated clearing house transactions within 365 Central.  Sardine AI Corp., a risk-management firm, said it will offer real-time transaction monitoring, fraud interdiction, and other services through a partnership with …

The Ninth U.S. Circuit Court of Appeals required that certain elements of an order that held Apple Inc. in contempt must be modified, but upheld most of the findings as well as an earlier injunction against Apple. The case stemmed from a 2020 lawsuit filed by Epic Games against Apple to challenge …

A report from AU10TIX identified 2025 as the “year of machine deception,” in which synthetic identities and automated fraud engines have learned to adjust and adapt in real time. Cross River Bank said it has launched a proprietary, in-house card-processing engine in a move it says places it among a select group of …

Banner years are generally welcome, except when it comes to ransomware. New data from the U.S. Department of the Treasury’s Financial Crimes Enforcement Network, known as FinCEN, finds that ransomware payments jumped 77%, or $1.1 billion, in 2023 year-over-year from 2022. The FinCEN Financial Trend Analysis report also found that …

Circle Internet Group Inc. said it will work with Bybit Fintech Ltd., a cryptocurrency exchange, to expand the availability of Circle’s USDC stablecoin within Bybit’s system. Payments provider Charge1 Gateway announced technology improvements in fraud prevention, gateway security layers, and onboarding processes for merchants. RentRedi launched a Spanish-language version of its RentRedi Tenant App, …