Point-of-sale

March, 2022

• 30 March

  Losses From Stolen Identities Skyrocketed 79% to $24 Billion in 2021, a Javelin Study Finds

  

  Payments providers are increasingly resuming business-as-usual as the pandemic eases, but so are criminals. Losses from identity-fraud schemes, in which fraudsters use stolen payment credentials for their own gain, soared 79% last year to $24 billion, according to a study released Tuesday by Javelin Strategy & Research. Moreover, this so-called …
• 30 March

  Cantaloupe’s New All-in-One Vending Device and other Digital Transactions News briefs from 3/30/22

  

  Unattended payments specialist Cantaloupe Inc. launched ePort Engage Combo, a new all-in-one card reader and telemeter, digital touchscreen, and payment platform that can be installed directly over existing bill acceptors.Payments provider Trust Payments has signed agreements with three independent sales organizations—Provident Advisor Group, DPS Card Services, and Card Dynamics—to sell Trust Payments’ new e-commerce …
• 29 March

  Consumers Will Increase Gift Card Purchases in 2022, a Fiserv Study Says

  

  Despite rampant inflation and supply-chain shortages that have made certain products hard to come by, gift cards, whether they are physical or digital, remain popular with consumers. Indeed, 58% of consumers plan to purchase more gift cards as an alternative to tangible products due to inventory shortages in 2022, according …
• 29 March

  Eye on Security: Panini Meets FBI Standards, And VGS Gets Set to Launch Card Tokens

  

  Panini S.p.A., which has been expanding beyond its base in devices for image processing, said early Tuesday the Federal Bureau of Investigation has certified its fingerprint-authentication technology, called BioCred. The scanning technology meets image-quality specifications set by the FBI’s Appendix F standard, said to be the law-enforcement agency’s highest standard …
• 29 March

  Payfare Lines up Visa Direct and other Digital Transactions News briefs from 3/29/22

  

  Payments provider Payfare Inc. announced it is adding Visa Direct to its platform to enable real-time payouts to gig workers.Cloud-based payments provider Volante Technologies said it is working with the consulting firm KPMG to offer banks cloud technology for real-time payments, along with an advisory service.Mastercard Inc. is working in the United Kingdom with Temenos, …
• 28 March

  A Sezzle Survey Says Consumers Expect To Make Even Greater Use Of BNPL This Year

  

  Two years after the Covid-19 pandemic helped make buy now, pay later loans popular with online shoppers, BNPL remains a highly attractive payment option, according to a study by BNPL provider Sezzle Inc. Of the 1,153 online shoppers surveyed by Sezzle, 60% of BNPL users plan to use BNPL more …
• 28 March

  Eye on the Sky: CellPoint Signs Virgin Atlantic, And Garmin Unveils a New Smart Watch

  

  The return of travel following the impact of the pandemic is testing airlines in various ways, not the least of which is their openness to payment methods beyond cards in what for them is a global market. That new emphasis, combined with a need to work with multiple acquirers, is …
• 28 March

  Payapa in Cross-Border Payments Play and other Digital Transactions News briefs from 3/28/22

  

  Papaya Global Ltd., a specialist in payroll, said it has agreed to acquire Azimo Ltd., a cross-border payments platform. Terms were not announced.Canada-based processor Nuvei Corp. said it will provide acquiring and gateway services, along with support for more than 530 alternative payment methods, for Aircash, a mobile wallet based in Croatia.In …
• 24 March

  Human-Initiated Bot Attacks Spike 50% in North America, a New Report Finds

  

  Growth in human-initiated bot attacks outpaced growth in automated bot attacks in the second half of 2021. That’s according to the latest Cybercrime Report from LexisNexis Risk Solutions. Automated bot attacks globally increased 32% for June through December last year over the same period in 2020, trailing the 46% spike …
• 24 March

  COMMENTARY: How Artificial Intelligence Is Helping BNPL Providers Stay Secure

  

  Lax credit checks, minimal personal data requested, and fast loan approval. What’s not to love about buy now, pay later (BNPL) options if you’re a cybercriminal? From creating fake identities to exploiting flaws in providers’ data-management tools, bad actors have been quick to take advantage of these fast-growing, convenient finance …