Issuing/Originating

Shift4 Payments Inc. announced it will provide payment acceptance services for the Baltimore Orioles at concession areas throughout the Major League Baseball team’s Oriole Park at Camden Yards stadium. Shift4 also will handle payments at Oriole Park merchandise locations through a deal with sports merchandising firm Fanatics Inc. Weave, a technology …

Apple Inc.’s newest financial product, a buy now, pay later service called Apple Pay Later, has finally arrived. Launched Tuesday, Apple Pay Later was announced in June, but only now is it being made available, and just to a limited set of Apple Pay users. Apple says it will offer broader …

Losses to identity fraud fell 17% last year, to $43 billion, compared to 2021, thanks to beefed-up prevention at banks and credit unions and more active outreach by consumer-advocacy groups, according to the 20th edition of Javelin Strategy & Research’s Identity Fraud Study. Payments provider Paysafe said Greyhound Lines Inc. will use the Paysafecash …

Early Warning Services LLC, a fintech owned by seven of the nation’s largest banks, will launch its digital wallet with a pilot this summer followed by general availability in the fall, the top official in charge of the project said Monday. The new wallet, called Paze and aimed exclusively at …

Cybercriminals showed no signs of slowing down in 2022 as they employed a variety of schemes to defraud consumers, acquirers, card issuers, and merchants, according to Visa Inc.’s Spring 2023 Biannual Threats Report. Cryptocurrency was a prime target for cybercriminals. More than $3 billion in cryptocurrency was stolen through November …

Fiserv Inc. is partnering with Central Payments LLC, a provider of banking-as-a-service for fintechs and embedded-finance businesses, to enable fintechs to bring financial products and services to market faster. Central Payments will leverage Fiserv’s real-time card-processing and -issuance capabilities to enhance its Open CP Fintech API Marketplace, a banking-as-a-service platform …

Mastercard Inc. is adding another arrow of digital-security technology in its cybersecurity quiver with the acquisition of Baffin Bay Networks, a Sweden-based cybersecurity company. Payments companies constantly need advanced ways to counter fraud because criminals are relentless. In fact, credit card fraud accounted for 6.2% of digital fraud in 2020, …

Payments-technology fintech Preferred Payments is working with WebbRes, a provider of management systems for trailer dealers, to enable dealers to process payments within the WebbRes platform. Ascend, a provider of payments technology to the insurance industry, announced an integration with the AMS360 agency-management platform from Vertafore. The Western Union Co. said money transfers …

While the growth in buy now, later loans is prompting card issuers to enter the fray, one challenge they face is creating awareness, as card issuers do not make their BNPL offerings available at the point-of-sale. This is unlike BNPL specialists such as Affirm Holdings Inc., Klarna AB, and Sezzle …

The Federal Reserve late Wednesday narrowed the launch window for its FedNow real-time payments network to July of this year. The move comes seven months after the banking regulator announced it would introduce the service some time between May and July. Formal certification of system participants will start the first …