POSaBIT Systems Corp., a point-of-sale system maker for the cannabis industry, said its system is now available in Vermont, making it the 21st state for the company’s products. Bread Financial Holdings Inc. said its buy now, pay later product is now available to participating Versatile Credit Inc. merchants and their …

In the wake of failures by the cryptocurrency lender Celsius and the crypto exchange FTX, MyChargeBack, a transaction-dispute service, warns users to beware of scams involving crypto-recovery promises. FIS Inc. intends to cut “thousands” of jobs, reported Bloomberg.com, in order to cut costs. Balance, a 2-year-old payments platform for business-to-business transactions, announced …

Revenue from global embedded financial services will exceed $183 billion by 2027, up from $65 billion in 2022, according to a report from Juniper Research. It classifies embedded finance as when financial services, such as banking, insurance, or lending, are integrated into non-financial user experiences. American Express Co. released a personal card application …

Amazon.com Inc. said it will offer buy now, pay later capability through Nov. 28 via its BNPL partner Affirm Inc. Customers who spend $50 or more will get the option of splitting the payment into three equal monthly installments at zero-percent interest. In related news, online travel platform Expedia Group said U.S. users …

Twenty percent of consumers plan to use a buy now, pay later plan during the holiday shopping season, according to an October survey of more than 1,000 consumers by the Electronic Transactions Association and The Strawhecker Group. An additional 20% were “on the fence” about using BNPL. In related news, Vagaro, a …

The PCI Security Standards Council released its PCI Mobile Payments on COTS standard that addresses security requirements for services that enable merchants to accept cardholder PINs or contactless payments using a smart phone or other commercial off-the-shelf mobile device.Private equity firms Centerbridge Partners L.P. and Bridgeport Partners completed the acquisition of transaction processor Computer Services Inc. for $1.6 …

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. …

Authorized push payments fraud is expected to reach $5.25 billion in fraud losses in the United States, United Kingdom, and India by 2026, according to research from ACI Worldwide Inc. and GlobalData, an analytics firm. In 2021, U.S. authorized push payment fraud was $1.6 billion and is forecasted to be $3.1 …

Buy now, pay later provider Klarna AB said its service is now included in Viva Wallet, a European payment platform. Klarna says it serves 150 million active users globally, conducting 2 million daily transactions.In the wake of the implosion of cryptocurrency exchange FTX, Silvergate Capital Corp. said FTX’s deposits at the bank totaled $11.9 …

Moca Financial, a platform for digital cards and payment processing, launched The Patriot Card in partnership with the Association of Military Banks of America. Aimed at veterans, the physical and virtual Visa cards enable holders to receive, spend, and save government benefits.Banking giant J.P. Morgan announced it will open an office in Athens, Greece, …