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- Payments provider i3 Verticals Inc. posted fourth-quarter 2023 revenue of $96.4 million, a 13% increase from $85.3 million for the same quarter a year ago ended Sept. 30. Quarterly income of $3.4 million reversed a $4.4 million loss last year. For the full year, i3 Verticals had a loss of $2.7 million, compared with a $23.2 million loss in fiscal 2022.
- Top payments threats this holiday season include digital skimming, ATM/point-of-sale skimming, phishing and social engineering, and one-time password bypass and provisioning fraud, according to Visa Inc.
- Visa announced the Visa Foundation is pledging $100 million over five years to support underserved and women-led small businesses globally. The network also said it will direct resources to Visa accelerator initiatives for small businesses in the United States and some 15 other countries.
- Payments provider Xplor Technologies said its FieldEdge by Xplor is now part of the Carrier Preferred Vendor Program.
- Mastercard Inc., in collaboration with G2 Esports and Riot Games, launched the Mastercard Gamer Academy, a development program for gamers.
- Modifi, a cross-border payments platform with offices in New York City and other cities globally, announced it is working with Asia-based payments provider Ping Pong to launch a buy now, pay later capability for business-to-business cross-border payments.
- Silverflow, a European payments-processing startup, raised 15 million euros ($16.3 million) in a funding round led by Global Paytech Ventures.
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