Transaction Processing

Payments fraudsters are embracing not just the transaction, but the associated elements of a transaction, such as exploiting account creation and changes prior to the payment. That’s one reason Accertify Inc. launched its Predictive Yes Platform. Itasca, Ill.-based Accertify says the new platform addresses these issues by combining identity, behavioral, …

Replit Inc., a Foster City, Calif.-based developer of software for the booming agentic-commerce market, announced it will work with Visa Inc. on an integration of Visa agentic commerce into Replit’s platform. The company also reported an investment from Visa, terms of which were not specified. Visa, which launched its Intelligent …

BTR, a truck-rental company, has compensated for almost $400,000 in annualized credit card acceptance costs through a surcharging a capability provided by payments processor BlueSnap Inc., according to data the processor released Wednesday. Waltham, Mass.-based BlueSnap launched its surcharging API in January in recognition of cases in which merchants want …

Nium Pte. Ltd., a provider of cross-border payments technology, is working with Circle Internet in a collaboration using stablecoins for settlement and local currency for last-mile delivery of country-to-country transactions. The project aims to solve what the partners say is a longstanding problem—fast payments that can slow considerably when it’s …

The world’s payments systems are still a long way from adopting digital currencies as a standard medium of exchange, but day by day the path to that future gets clearer. Early Monday, a 6-year-old cryptocurrency network called Mesh said it is widening an existing integration with Base, a crypto app …

Technology company Self Storage Manager Inc. announced its Dynamic IVR Payment Solution has been installed at facilities operated by The Storage Center. The technology allows customers to make credit card payments via an automated phone system via interactive voice response. The Storage Center says it manages more than 60,000 storage units at …

Point-of-sale commerce platform Lightspeed Commerce Inc. added approximately 3,200 new locations in its fiscal fourth quarter, as it marks a year into its U.S. retail and Europe hospitality focus. Montreal-based Lightspeed, which embarked on the two-pronged POS-based plan more than a year ago, says the location total was up by …

As AI makes advances in digital commerce, payments executives are beginning to raise questions about the process and its risks. For some players, the process remains at least partly opaque on such questions as what party takes responsibility when transactions go wrong. Other pending questions include whether the industry can …

Square, the point-of-sale arm of Block Inc., is adding restaurant chain The Hat to its customer list. In related news, 88% of convenience store operators and fuel retailers surveyed by Vontier Corp. report they have experienced a payment outage at least once in the prior 12 months. The Hat, with …

Point-of-sale credit providers are looking for an edge as competition in the buy now, pay later business grows hotter by the week. Klarna AB early Wednesday said it has launched its Klarna Shopping Search app.  The app uses ChatGPT, an AI platform, to assist shoppers in finding current prices, availability, …