Fraud & Security

An integration between online delivery service Instacart and grocery chain Aldi that lets customers use government benefits to order grocery deliveries has seen fast expansion since the program launched in October. Almost 1,000 Aldi stores in 23 states plus the District of Columbia have been added to the program in recent …

The Hale & Hearty Soups fast-casual chain of 20 locations in Boston and the New York City area has chosen Appetize Technologies Inc. to upgrade its point-of-sale operations. The deployment is expected to conclude next month.With consumers worldwide reluctant to travel by air because of fears of catching Covid-19, some 78% of …

Fiserv Inc. announced Wednesday an agreement to acquire, for an undisclosed sum, Ondot Systems Inc., whose technology includes so-called card controls, or tools that allow cardholders to switch usage on or off according to considerations of security or preferred usage. The deal is expected to close in the first quarter …

The recent ranswomware attack on the big payments processor TSYS could portend worse to come for the payments business as cyber criminals seek vulnerabilities in the industry and carry out new tactics to squeeze out ransom payments from their victims. More attacks on credit and debit processors are “absolutely” coming, …

The global contactless payment market is forecasted to reach $4.6 trillion by 2027, up 338% from $1.05 trillion in 2019, said Precedence Research. The market is predicted to have a compound annual growth rate of 20.01% from 2020 to 2027.Concord Acquisition Corp., which has been formed to acquire or otherwise combine with payments and …

In the midst of a boom in online commerce, one of the biggest e-commerce transaction processors globally has agreed to support both a Visa Inc. service that masks users’ card credentials and a streamlined online checkout technology offered by all four major card networks. FIS Inc. said Thursday its Worldpay processing …

Fiserv Inc. said CB&S Bank is the 500th financial institution added to the Zelle network via the processor. Zelle is the person-to-person payments service from Early Warning Services LLC.DaVinci Payments and North Lane Technologies (formerly Wirecard North America) jointly announced the completion of a previously announced merger. The combined business will operate …

Wells Fargo Co. said overall levels of optimism among small businesses remain at just more than half where they were late last year, even though its Wells Fargo/Gallup Small Business Index rose 12 points for the second straight quarter in the latest period.As local governments imposed measures to control fresh outbreaks …

The Accredited Standards Committee X9 Inc. said it is seeking participants for a newly-formed a study group on faster and real-time payments. The ASC X9 develops national and international standards for the financial-services industry.Payments-technology provider Payfacto Payments Inc. has partnered with Community Federal Savings Bank to launch a merchant-acquiring unit for the U.S. market …

Sysnet Global Solutions said it acquired the Managed Complication Solutions division of ControlScan Inc. With the acquisition, Sysnet said almost 4 million small and mid-size businesses and payment processing companies use its services. Terms were not disclosed.Fido Merchant Services, a United Kingdom-based payment gateway and merchant services provider, is embarking on …