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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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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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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A lawsuit filed in March 2016 over how the four U.S. card brands handled the liability shift during the EMV migration more than 10 years ago, along with unreimbursed chargebacks associated with it, has reached its next step. The suit is over unreimbursed liability-shift chargebacks made with a credit or …
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PhotonPay announced over the weekend it has joined Circle Internet Financial’s fledgling Arc blockchain, representing the latest participant for Arc since Circle unveiled the network in August. Hong Kong-based PhotonPay, which in July became a Mastercard commercial card issuer, also supports Mastercard users of Google Pay to enable contactless payments …
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