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- Payment-processing software provider Aurus Inc. said it will work with Early Warning Services LLC to integrate EWS’s Paze online checkout technology, with Aurus user Wakefern Food Corp. having already adopted Paze.
- Cash App will leave the United Kingdom market, having launched there in 2018, it announced in a Web post. The service will shut down on Sept. 15 and enable Cash App, a unit of Block Inc., to focus more on the U.S. market, the post said.
- Euronet Worldwide Inc., a Leawood, Kan.-based payments provider serving clients in Europe, reported second-quarter revenue of $986.2 million, up 5% year-over-year, with net income of $83.1 million, down $3 million from a year ago.
- Identity verification and fraud prevention provider AuthenticID said fraudulent transactions in the first half of 2024 were up 73% and suspected fraudulent transactions increased 84% year-over-year, according to its 2024 Mid-Year Identity Fraud Review report. It received 500 consumer responses to a survey it conducted in June.
- Coast, a payments provider for fleet fueling, said it raised $40 million in a new Series B funding round led by Iconiq Growth and with participation from Accel, Insight Partners, Vesey Ventures, Avid Ventures, and Thomvest. Separately, Coast received an unspecified investment from payments platform Synchrony.
- Raise said its gift card technology will support the Polkadot mobile app from Parity Technologies, a global payments provider for gift card transactions.
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