Friday , April 19, 2024

J.P. Morgan Debuts Pay-by-Bank And Other Digital Transactions News briefs from 10/20/23

  • J.P. Morgan Payments launched its pay-by-bank service, relying on open-banking technology from Mastercard Inc. The service lets customers pay bills directly from their bank accounts.
  • Block Inc.’s Afterpay buy now, pay later platform announced a partnership with Nift Networks to offer users access to products and services offered by Nift.
  • Point-of-sale system maker Revel Systems said HTeaO, an iced-tea franchise, will use Revel’s POS technology at 270 new locations, in addition to the existing 80 locations already live on Revel’s platform.
  • TZP Growth Equity has invested in Finzly Inc., a banking and payments provider. Finzly said the investment closed a $10 million funding round.
  • American Express Co. announced additional benefits for its Surpass cards cobranded with Hilton, including quadruple Hilton honors bonus points for online retail purchases in the U.S. market.
  • The Fido Alliance released its 2023 Online Authentication Barometer report that found consumers continue to enter a password manually nearly four times a day, or 1,280 times a year.
  • Surfshark, a virtual private network provider, said in a new report that U.S. consumers lost more than $8 billion in social engineering scams in 2022, with an average loss of $35,000.
  • Citcon USA LLC, a digital payments provider, named Casey Bullock its chief executive. Bullock previously was an executive at Rapyd Inc. and Worldpay/FIS Inc.

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