Fraud & Security

Regpack, a payment management platform, said NYLA Talent, a network of more than 100 entertainment industry professionals and organizations, adopted its service to automate and digitize its payment processes.Early Warning Services LLC has opened a new headquarters in Scottsdale, Ariz. Owned by seven of the nation’s biggest banks, Early Warning is …

PayGround, a payments fintech specializing in health care, completed a $5.5-million funding round led by FCA Venture Partners and Lewis & Clark Ventures. The financing follows a $4-million seed round for PayGround last year.Chargebacks911 said its partnership with FIS Inc.’s Worldpay unit now includes Disputes Deflector, a set of chargeback and …

With a pair of U.S. Senators preparing to introduce a bill that would allow merchants to process Visa and Mastercard credit card payments over other networks, payments experts reached by Digital Transactions News are sharply divided on the idea. The bipartisan bill, sponsored by Richard Durbin, D-Ill., and Roger Marshall, …

The proliferation of plug-and-play software has revolutionized the computing experience, mostly for good. But bad actors, too, are able to take advantage of the plug-and-play experience and purchase malware kits that require little to no coding expertise, which can retail for less than $10, according to a new report from …

The issue of consumer losses to fraud on peer-to-peer payment apps is about to get hotter as the Consumer Financial Protection Bureau is reportedly preparing a probe of the matter. The bureau’s action will likely include new requirements for banks to reimburse consumers victimized in cases where they sent cash …

Authentication provider Veriff said an analysis of Google search data, a survey of 1,000 U.S. adults, and the FBI’s Internet Crime Report 2021 data found that credit card fraud accounted for 2.3% of all reported online crimes. Phishing and its variations had the highest rate of 44.76%.Payments provider Lightspeed Commerce Inc. said it has …

In a move to streamline money movement and financial account openings for consumers, open-banking network MX Technologies Inc. on Tuesday unveiled what it calls MXapi Processor Tokens. MX enables fintechs to access consumer financial data, and helps its clients turn raw data into usable form. Token-based application programming interfaces (APIs) …

The total volume of tokenized payment transactions worldwide will exceed 1 trillion by 2026, up from 680 billion this year, according to a report released Monday by Juniper Research. The growth will come mostly from click-to-pay options that allow buyers to pay with a single click, using tokenized credentials, the …

Mastercard Inc. and D-Wave Systems Inc., a quantum computing systems firm, announced a multiyear alliance to advance the adoption of quantum computing technology in areas such as consumer loyalty and rewards, cross-border settlement, and fraud management applications.Payments provider Adyen NV said it has processed 10 million donations by buyers on the commerce platform …

In recent times, we have witnessed an explosion in the neobanking sector, with emerging digital-only providers benefiting from rapid digitization. Now, as this sector begins to mature, companies must find a way to retain customers that may want to transition back to traditional banking companies. To do so, businesses in …