Payments-technology provider Mogo Inc. is initially acquiring about 20% of Coinsquare, a Canadian cryptocurrency-trading platform, for US$44.4 million, with an option to purchase another 20% in the future. Mogo’s first option to increase its investment in Coinsquare, which acts as the trading platform for MogoCrypto, which Mogo launched in 2018, …

Betting that consumer demand to use cryptocurrency as a payment vehicle will rise over the long term, payments provider The OLB Group Inc. announced Wednesday that its SecurePay payment gateway will support the acceptance of Bitcoin and other digital currencies at the point of sale regardless of the merchant platform. …

Gift card fraud and credential stuffing, a technique in which criminals use stolen account credentials to gain access to legitimate user accounts, ran rampant during the fourth quarter of 2020, according to research by Arkose Labs, a San Francisco-based provider of fraud-prevention technology. Criminals launched 3.6 million attacks on gift …

Against the backdrop of an overall decline in small businesses’ satisfaction with payment processors, Square Inc. ranks highest with a score of 857 out of 1,000, according to the J.D. Power 2021 U.S. Merchant Services Satisfaction Study. PayPal Holdings Inc. comes in second with a score of 852, with Bank of America Merchant …

Fiserv Inc. on Wednesday announced CardFree Cash, a new feature within its CardValet mobile-banking app that allows consumers to facilitate a cash withdrawal from an ATM using their mobile phone. The service is available to financial institutions nationwide. Consumers can use CardValet at 30,000 Diebold Nixdorf and NCR ATMs driven by …

Visa Inc. is leveraging its sponsorship of the National Football League with a new one-day promotion geared to attract small businesses to its Authorize.Net payment gateway on Super Bowl Sunday, Feb. 7. Visa announced Tuesday that it will waive Authorize.Net’s monthly gateway fee for the life of an account, along …

Investing in digital account opening, mobile-banking applications, and customer-relationship applications are among bankers’ priorities for digital services in 2021, says a report from Computer Services Inc., a provider of cloud-based financial-services technology. Enabling consumers to open accounts digitally, even after the Covid-19 pandemic subsides, was cited as a top priority …

Although the number of stolen credit cards for sale on the dark Web remained steady at around 45 million throughout 2020, some surprising trends emerged when it came to the type of cards for sale and the markets where they originated, says a new report from cybersecurity firm Sixgill. One such …

Now that NCR Corp. has reached an agreement to acquire Cardtronics plc, speculation is growing about what NCR plans to do with the new assets, specifically the 285,000 ATMs Cardtronics operates and its transaction-processing business.  For NCR, the value in the acquisition lies not in Cardtronics’ ATMs themselves, but in …

Vistaprint, a provider of physical and digital marketing materials to small businesses, announced Wednesday an agreement with PayPal Holdings Inc. to enable small businesses to accept payments through Quick Response codes. To order Vistaprint marketing materials with a QR code, small businesses log on to Vistaprint’s Web site and choose …