As artificial intelligence continues to weave itself into payments, organizations are adding new AI-enabled services and considering options for its use. Two of the latest are Hawk AI GmbH with a check-fraud prevention tool for U.S. financial institutions and EMVCo as it begins work on a global specification for its …
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Cryptocurrency-technology platform MoonPay Inc. said it will support payments by users via cards, bank transfers, Apple Pay, Google Pay, PayPal, or Venmo to fund their Zengo Wallet, a cryptowallet said to be used by more than 2 million persons and businesses in more than 180 countries. Tai Software, which develops automation technology …
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FICO (Fair Isaac Corp.) has partnered with open-banking platform Plaid Inc. to develop the UltraFICO score, a credit score that includes real-time cash-flow data from Plaid. The new scoring model is intended to give lenders a more comprehensive view of a consumer’s credit readiness. The UltraFICO score will weigh a …
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Afterpay, the buy now, pay later option from Block Inc., will soon test a new way to use the payment method at the point of sale with a Visa debit card. Meanwhile, rival BNPL provider Klarna AB is expanding the locations where consumers can use Klarna to make gift card …
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President Trump nominated Stuart Levenbach to be the new permanent director of the Consumer Financial Protection Bureau. Levenbach is a senior official at the Office of Management and Budget. Acting director Russell Vought’s term is set to expire in December under the Vacancies Act. Toast Inc. said it will grant $10,000 to …
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Shift4 Payments Inc. continues to stack up wins in the highly competitive stadium-pay market. The company announced early Wednesday it will process stadium-concessions payments for the Ottawa Senators of the National Hockey League at the team’s home arena, Canadian Tire Centre. The deal, which comes hard on the heels of Shift4’s …
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Credit cards may dominate online use, but debit cards make up a hefty share, too, with 54% of U.S. adults using the former and 49% choosing a debit card in a 30-day period, according to a YouGov.com report. That online debit use has emerged as a key area for banks …
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PayPal Holdings Inc. said it is an official digital payments partner with U.K.-based soccer club Liverpool FC. Already an option in the club’s digital payments platforms, PayPal will be featured more prominently on checkout and payment screens in the club’s e-commerce and All Red services. All Red is a membership program …
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Fiserv Inc.’s Clover point-of-sale technology unit has signed a deal with the Minnesota Wild of the National Hockey League to provide its Clover Sport point-of-sale hardware and software at the Wild’s home stadium, Grand Casino Arena. Fiserv will deploy about 300 Clover devices at concession stands throughout the arena. Fiserv’s Clover unit …
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Klarna AB early Tuesday reported a 26% jump in revenue for its September quarter, to $903 million, the highest revenue number in its 20-year history. The Sweden-based company, which maintains major operations in the U.S. market and internationally, said it processed $32.7 billion in transactions for the quarter, up 23%. …
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