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- Standards body EMVCo has developed guidelines on how the travel industry can provide data to payment card issuers to better verify the authenticity of an e-commerce transaction using current authentication processes. The guidelines are an extension of EMVCo’s 3-D Secure messaging protocol.
- The number of data breaches in the United States dropped by approximately one-third in the first six months of 2020 compared to the same time last year, to 540, according to the Identity Theft Resource Center. The number of persons impacted has also declined dramatically, from 493 million to 163.5 million, the organization reported.
- Virtual card platform Privacy.com raised $10.2 million in a Series A funding round led by Teamworthy Ventures with participation from Tusk Venture Partners, Index Ventures, Quiet Capital, Exor Seeds, and Rainfall Ventures.
- Passport Technology Inc., a supplier of kiosks for payments and cash access at casinos, said it now provides cash and cashless services at Cash Casino Calgary and Cash Casino Red Deer in Alberta, Canada. Passport announced in June its agreement to be acquired by Australis Capital Inc.
- Now even home sales are heading online. In the midst of the Covid-19 pandemic, some 36% of Americans say they are more likely now to try to buy a house entirely via e-commerce, according to a survey by real-estate site Zillow. One-third say a virtual or video tour of the property is acceptable. On the other side of the transaction, 43% of owners say they are more likely now to try to sell a house online.
- Challenger bank XTM Inc. reported that as of June 30 it has boarded more than 350 locations of Dominos Pizza and of other pizza chains, with another 750 more in the pipeline. In hospitality in general, it has boarded 376 restaurants, and established a pipeline of more than 2,200 locations. It estimates an annual run rate of $345 million in the sector by the end of the year.
- Payments provider ACI Worldwide Inc. announced it is working with Mindgate Solutions to deliver so-called valued-added digital overlay services, which allow banks and other financial companies to offer white-label mobile apps and Web portals based on a real-time payments capability.
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