Friday , April 26, 2024

The Perilous Language of Fraud And Other Digital Transactions News briefs from 11/16/22

  • Criminals’ use of language can trip up even savvy consumers, found a new report from Visa Inc. The “Fraudulese: The Language of Fraud” report found that 73% of consumers are likely to miss the requisite red flags in digital communications. The data is based on surveys of 6,000 adults in 18 countries.
  • Fraud mitigation services provider Signifyd released its holiday shopping trends tracker. It reported an 8.03% increase in year-over-year sales to date this holiday season.
  • Health care payments specialist RevSpring announced its Deviceless Payments service is available in the Epic Systems Corp.’s Credit Card Framework. Epic provides software for health care organizations.
  • Integrated payments provider Payway said it now supports Cardrefresher, a card updating service from American Express Co.
  • Payments-technology provider FreedomPay said it is working with point-of-sale device provider Castles Technology to begin offering Castles’ Android SmartPOS terminal in the first quarter of next year.
  • First West Credit Union in British Columbia agreed to expand the availability of the Clover point-of-sale technology from Fiserv Inc. to the members of more FWCU brands, including Valley First, Island Savings and Enderby & District. FWCU brand Envision Financial began offering Clover in 2019.
  • Safe Harbor Financial, a financial-services provider to the cannabis industry, announced it has closed on its acquisition of Rockview Digital Solutions Inc., doing business as Abaca, a payments provider specializing in the same industry. The deal involved $30 million in cash and stock.
  • Online checkout provider Bolt said its Quick Checkout service is now available for users of Adobe Commerce and Magento Open Source, both e-commerce platforms.
  • Tokyo-based Opn has entered the U.S. market with the acquisition of MerchantE, a digital commerce platform. Combined, the two companies processed more than $19 billion in payments for more than 22,000 merchants in 2022.
  • Synchrony Financial said its partnership with retailer Belk now includes Synchrony SetPay monthly, a buy now, pay later option.

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