Mobile Commerce

Bots operated by criminals did more than leave lumps of coal for merchants and consumers this holiday shopping season. During Black Friday week, criminals used mobile devices to create new accounts to mimic new customers and initiate transactions through an established and seemingly genuine account, according to LexisNexis Risk Solutions. …

Payrailz LLC, a payments provider for financial institutions, said it will pilot Mastercard Inc.’s Bill Pay Exchange, a real-time bill-payment service.Facebook Inc. and Alphabet Inc.’s Google unit claimed the first and second slots on Dashlane Inc.’s annual list of “worst password offenders” in 2019, Facebook for exposing passwords linked to “hundreds …

As 2019 draws to a close, the year’s super mergers in the payments-processing business may be creating super opportunities for startup service providers. That, at any rate, has been the experience so far of acquiring-industry veteran Trent Voigt and his new company, Paynetwork LLC, which does business as Paynetworx. The …

LexisNexis Risk Solutions released an analysis of transactions and cyberattacks between Nov. 27 and Dec. 3 that found the average shopping cart value rejected as high risk or fraudulent was $329, or 179% higher than the value of legitimate online transactions—$118—in the period.Juniper Research’s latest report forecasts that the installed base of contactless-enabled …

Departing PayPal Holdings Inc. chief operating officer Bill Ready in January will assume the role of head of commerce at Alphabet Inc.’s Google unit, TechCrunch reported. PayPal announced in June that he would leave the company at year’s end. Ready came to PayPal in 2013 as a result of the company’s $800-million …

PayPal Holdings Inc. on Wednesday sued the Consumer Financial Protection Bureau alleging the regulatory agency’s 8-month-old prepaid rule represents a “category error” and a violation of the First Amendment, and should be vacated by the court. The lawsuit, filed in the U.S. District Court for the District of Columbia, charges …

The New York City area’s Metropolitan Transportation Authority on Wednesday activated 96 contactless card readers in Manhattan’s Penn Station, one of the nation’s busiest transit hubs, in its quest to accept contactless payment cards and mobile-payment apps across its vast subway and bus system by the end of next year. …

Mastercard Inc. on Wednesday announced it has begun its first real-world pilots for a new digital-identity system the company says has the potential to dramatically simplify payments and other interactions between consumers and government and commercial entities. Two separate pilots for the new service, which relies on mobile devices, are …

Bank of America Corp. next year will enhance Erica, its popular digital financial assistant powered by artificial intelligence, with two new features—one to make its credit and debit card holders aware of which merchants might be storing their card numbers, and another that will issue alerts about possible duplicate charges. …

Quebec-based Desjardins Group said the former employee suspected of orchestrating a massive data breach that affected 4.2 million members of the big credit-union federation also had access to the personal information of a further 1.8 million credit card holders who are not Desjardins members, the CBC reported.ACI Worldwide released the latest version …