Fraud & Security

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 …

Mastercard Inc. said it is expanding its Engage partner network to include open-banking firms. The first companies to join include Dwolla, FinTech Automation, i2c, Link Financial Technology, LoanPro, Nova Credit, Provenir, Synctera, Tern, and Usio Inc.Buy now, pay later processor Afterpay will offer installment payments for customers of beauty retailer Sephora. Afterpay, a …

Payments platform Nayax Ltd. announced the availability of the Nova Market self-checkout kiosk in its U.S. e-commerce shop. The device is aimed at micro-merchants.Open Payment Network said its application programming interface is linking Bridge Community Bank to The Clearing House Payments Co. LLC’s real-time payments network.CGI Technologies and Solutions Inc. announced that Peoples Trust …

U.S. consumers have spent $451.7 billion online through June, a 7.5% year-over-year increase, Adobe Inc. said in its Adobe Digital Price Index.Payments association EPCOR announced its acquisition of the Central Oklahoma Clearing House Association, which includes its fraud alert and settlement service. Terms were not disclosed.Payments provider Digital River said it will integrate its Global Seller …

Consumers’ loss of funds to fraud and other deceptive activity on peer-to-peer payment networks has drawn the attention of U.S. Senators, who are demanding answers on the matter from the big banks that own the Zelle P2P network. The senators’ actions come as P2P activity has boomed in response to …

Payments professionals Joseph Daly and Eric Kellogg announced they formed Argyle Payments LLC, an independent sales organization that will focus on small and midsize merchants in high-margin specialty markets.Buy now, pay later provider Klarna AB closed on an $800-million funding round aimed at bolstering its stance in the U.S. market. The round values the …

Payments provider Nuvei Corp. said it is integrating with GAN Ltd., a provider of Internet-gaming technology, to allow gaming operators to access Nuvei’s payments services.Point-of-sale system maker Toast Inc. said it acquired Sling, a business-management platform. Terms were not disclosed.American Express Co. and the National Trust for Historic Preservation announced 25 independent U.S. restaurants that …