Fraud & Security

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 …

Payments and commerce platform Xplor Technologies announced a new payment service for merchants that sell cannabidiol, also known as CBD, products.Dispute technology provider Chargebacks911 said it reached 1,000 integrated data connections on its platform.Payments-technology provider i2c Inc. has agreed to support fintech Marygold & Co.’s Tap to Pay debit Mastercard product.Prove Identity Inc. said its identity-verification …

Adyen NV has been selected to process payments for Fast Retailing, operator of the Uniqlo platform of clothing stores and sites.Authentic Brands Group, which includes Eddie Bauer and Forever 21, settled a lawsuit against commerce platform Bolt. The two companies will continue to work together.The peer-to-peer payments platform Paxful Inc. has selected iProov, a provider …

The U.S. District Court for the Eastern District of New York announced merchants that incurred an unreimbursed EMV or chip fraud liability shift chargeback from Oct. 1, 2015, through Sept. 30, 2017, on a Visa, Mastercard, Discover, or American Express credit or debit card transaction can submit a claim in a pending class …

Network tokenization is a term that’s quickly been finding its way into the fintech and payments spaces, and that’s for good reason, given consumers’ awareness regarding data breaches and security. So, what is it exactly? Tokenization is what major payment networks like Visa, MasterCard, and Discover use to replace primary …

Paysafe Ltd. entered the mobile sports-betting market in Arkansas with a partnership with BetSaracen, a sportsbook app offered by Saracen Casino Resort in Pine Bluff, Ark. The partnership will start with BetSaracen’s integration of Paysafe’s Skrill USA digital wallet.The technology company Bushel launched a digital-payment platform to replace paper checks in transactions …

FIS Inc. early Wednesday announced a platform it says will make the big processor the first to combine higher approval rates for e-commerce merchants with relief from financial liability for chargebacks stemming from fraudulent transactions. Information was not immediately available regarding whether the new capability carries fees for merchants using …

Blockspaces, a company that links businesses to blockchain networks, announced it will work with Cogent Bank to use the bank’s real-time, tokenized payment platform and other services.Digital-giving platform DipJar said it is releasing early access to DipJar Online, an online version of its in-person fundraising app.Digital payments provider One Inc said insurer Union Mutual …

The confluence of the explosion in digital transactions the past two years, hyper-inflation, and pent-up consumer demand has created a perfect storm that is allowing fraudsters to lure consumers into online traps that result in financial losses. A recent report from Sift Science Inc. reveals that such scams account for …