Up ‘n go Tops $1.1 Billion in Payments Processed and other Digital Transactions News briefs from 5/31/24

Up ‘n go, a QR code-based pay-at-the-table provider, said it recently marked more than $1.1 billion in total payments processed. The company was founded in 2017.
Mastercard Inc. and Visa Inc. will settle a class action lawsuit over ATM fees, according to a Reuters report. They have agreed to pay $197 million over the case where consumers alleged they kept cash access fees artificially high. The settlement is subject to court approval.
Fraud prevention platform Sift announced RiskWatch, a service that automatically maintains block, friction, and manual review rates to a target percentage of the riskiest users while adjusting them to changes in fraud activity, seasonality, and market expansion.
Ant Group and Mastercard Inc., with 12 other companies, launched the International Consumer Friendly Zones program in Shanghai, which aims to make it easier for international tourists to shop.
ICBA Payments, a subsidiary of the Independent Community Bankers of America, named Jacob Eisen president and chief executive. Eisen most recently was president of fintech banking at MVB Bank.

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