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- Visa Inc. reported $8.6 billion in net revenue for its December quarter, up 9% year-over-year, on $3.9 billion in credit and debit card volume, up 7.8%.
- Apple Inc. announced changes to iOS, Safari, and its App Store to meet European Union rules, including new options on its App Store to use payment service providers or links on developers’ sites to process payments, but warned the new payment options could open the door to malware, fraud, and scams. The company said it is also introducing Notarization for IOS apps and other measures to reduce that risk.
- AppTech Payments Corp. said it will work with sports consultant First Inning Ventures to extend AppTech’s reach in processing for domestic and international sports teams.
- Federal Reserve Financial Services launched its FedDetect Anomaly Notification for FedACH Services that can help financial institutions identify anomalous activity and aid their fraud detection and alerting tools.
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