As consumers and businesses contend with the uncertainty spawned by the coronavirus outbreak, payments companies will feel the effects, perhaps more than they’ve already announced. Though neither of the two larger U.S. card networks—Mastercard Inc. and Visa Inc.—have updated their recent revisions to their financial guidance, some analysts suggest the impact …
Read More »Nova Dia Adds Square Integration and other Digital Transactions News briefs from 3/11/20
Novo Dia Group, a developer of point-of-sale software for electronic benefits transfer and other payments, said it has integrated with Square Inc.’s platform and enhanced its main product, Mobile Market, which it has renamed TotalPay.College payment-processing specialist PayMyTuition said it has developed a service that allows colleges and universities to settle cross-border …
Read More »Eye on Fraud: ACI’s Self-Adjusting Machine-Learning Model; Consumers’ Fraud Fears
Machine learning is a popular fraud-fighting technology, but models have a tendency to become less effective over time as criminals adjust their tactics. On Tuesday, ACI Worldwide Inc. said it’s taking a crack at that problem with a service that the company says can adjust automatically to changing fraud patterns. …
Read More »Eye on POS Systems: Shift4 Adds An Integration; Netsurion Extends Restaurant Reach
As merchants expect more consolidated services from their point-of-sale systems, payments providers are listening and acting. Merchant processor Shift4 Payments LLC said Tuesday that its suite of restaurant POS systems now has an integration with TakeOut7 Inc., an online-ordering service. This enables orders placed via TakeOut7 to sync with Shift4’s …
Read More »Online Attackers Emphasize Mobile Sites And Apps, Report Finds
Online criminals are not that much unlike honest consumers in adopting mobile Web sites and apps as their favored channels with retailers and financial services. The evidence is that attack rates via mobile sites increased 56% in the latter half of 2019, according to the LexisNexis Risk Solutions Cybercrime Report …
Read More »COMMENTARY: Why Trust Is the Future of Fraud Prevention
“Can I trust you?” The ability to answer this seemingly simple question can help online merchants stop fraud and increase sales like never before. In fact, it’s a question that we at Kount answer billions of times per year for our customers. In today’s digital world, fraud-prevention solutions use artificial …
Read More »USA Technologies’ Proxy Puts Three of Its Challenger’s Director Nominees on Its Own Slate
Annual stockholder meetings usually are staid affairs involving such exciting matters as appointing a company’s auditing firm, but the upcoming meeting for vending machine payments provider USA Technologies Inc. could be a real barn burner. The months-long battle between Malvern, Pa.-based USAT’s management and board on the one side and …
Read More »Perk Adds Alipay Support and other Digital Transactions News briefs from 3/5/20
Perk Labs Inc. announced an agreement with Alipay that will enable Alipay users to make payments on the Perk platform.EVO Payments Inc. said it will offer the Nexgo Inc. N5 Android smart point-of-sale terminal.Certemy Inc., a professional certification and licensing management platform, introduced new payment gateway options, including Stripe Inc., PayPal Holdings Inc., …
Read More »Ant Financial Buys a Stake in Klarna, Lending Impetus to Online Installment Payments
Klarna Bank AB, a leading exemplar of the trend toward offering installment-plan payments online and at the point of sale, has received backing from Ant Financial Services Group in a deal that cements an existing alliance between the two companies and could add considerable propulsive force to Klarna’s relatively new …
Read More »Bluefin Device Encryption Roster Grows and other Digital Transactions News briefs from 3/4/20
Bluefin Payment Systems LLC said several devices were added to its PCI-validated point-to-point encryption listing.Forte Payment Systems, a unit of CSG International Systems Inc., launched BillPay, a billing product that features security enhancements, the ability for users to pay online, via kiosk, or in person, and other enhancements.Installment-payment specialist Splitit Payments Ltd. said …
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