Digital Transactions Authoritative, insightful and timely information for payments professionals
- Mastercard Inc. outlined how it uses generative artificial intelligence to counter fraud, such as when criminals place part of a 16-digit card number on an illegal Web site. Mastercard said it is better able to predict the full card detail of these compromised cards on its network, enabling them to be blocked much quicker than previously. The technology also can reduce false positives, which may flag legitimate transactions as potentially fraudulent, by up to 200%.
- The Canada-based online travel agency FlightHub said it will offer Affirm as a buy now, pay later option at checkout for flights.
- Payments platform PPRO said its new deal with buy now, pay later provider Afterpay will enable its e-commerce merchants and payment service providers to offer Afterpay as a payment option in the United States, Europe, China, and Hong Kong.
- Bitcoin Depot will deploy its machines in 57 Nouria Energy Corp. stores in Massachusetts, Maine, and New Hampshire by the end of June, the Bitcoin ATM deployer said. Nouria operates a total of 175 company-owned convenience stores in the northeast United States.
- Bluefin Payment Systems LLC said it completed certification of the Sunmi payment terminal with Elavon Inc.
- Antivirus technology provider McAfee Labs outlined the three most common scams travelers encounter while booking vacations are providing credit card or bank details on a fake site, cited by 15%, followed by clicking on a malicious confirmation link from an unknown source, 10%, and encountering manipulated holiday destination photos, 8%. Conducted in early May, 6,000 adults, with 1,000 each from six countries, including the United States, were surveyed.
- Diebold Nixdorf released its Vynamic Connections Point 7 software to ease integration of self-service technology.
- Phishing protection provider Bolster Inc. said it raised $14 million in Series B funding led by M12, Microsoft Corp.’s venture fund.
- Lightspeed Commerce Inc. announced an integration with Uber Direct and the Uber Eats marketplace that will allow Lightspeed dining merchants to list menus on, and take orders from, the Uber Eats marketplace, and to have orders received through Lightspeed’s Order Anywhere service delivered through Uber Direct.
- Processor Nuvei Corp. said it hired Gang Wang as chief technology officer. Wang comes to the company from Stripe Inc., where he was head of payment methods. Nuvei in early April said it had entered an agreement with Advent International, a private-equity firm, to be taken private in an all-cash deal valued at $6.3 billion. The company has set a June 14 deadline for a shareholder vote on the matter.
Related Articles
Check Also
SurgePays Partners With Clover to Ease Marketing at the Point of Sale
SurgePays Inc. is integrating its ClearLine marketing platform with Fiserv Inc.’s Clover point-of-sale technology set. …