ATMs

Instances of card skimming were up in the United States in 2022, with more than 161,000 impacted cards identified, a five-fold increase over 2021, and a more than three-fold increase in the total number of cards compromised, according to FICO (formerly Fair Isaac Co.). In addition, 3,000 unique financial institutions …

Point-of-sale technology provider Ingenico is working with buy now, pay later specialist Splitit to offer BNPL at the physical checkout using Ingenico’s payments-platform-as-a-service technology. Block Inc.’s Afterpay buy now, pay later service said it will enable access for users to New York Fashion Week beginning Feb. 11 and running for four days. Afterpay is …

The Colombia-based payments processor Redeban has adopted payments-technology provider Nuvei Corp.’s Nuvei for Payments embedded-payments platform. Nuvei earlier this month agreed to acquire payments provider Paya Holdings Inc. in a deal valued at $1.3 billion. Wafi Inc. launched Wafi.cash, a payment processing platform for e-commerce transactions that purports to eliminate redundant entities in the payment …

Payments provider Sionic said it has agreed to provide its Pay-by-Bank faster-payments service to payments platform iVertical Payments Network to allow consumers to load gift cards directly from their bank accounts. A buy now, pay later startup called Tranch said it has raised $100 million in seed equity and debt funding. The round was …

MoneyGram International Inc. announced a partnership with bill-payment platform CellPay to expand bill-pay options for MoneyGram users while expanding acceptance for MoneyGram’s service to more than 30,000 billers. Some 3.46% of U.S. consumers opened a new credit card in November, down from 3.7% in November 2021, according to the December 2022 …

Faced with changing customer preferences and bolstered with new technologies and fresh perspectives, banks and credit unions are redefining the future of the branch in a digital-first world. The onset of the Covid-19 pandemic was a catalyst for advancing the digitally driven, contactless-capable, and hybrid branch. Now, more than two …

The SWIFT international payments network announced two tests it has completed have shown that central bank digital currencies and other tokenized assets can be handled without incident on existing processing technology.In related news, the fintech CryptoBucks said its CrytoBucks Wallet is available for download from the App Store and Google Play. The wallet allows …

Volante Technologies, a U.S.-based payments platform, said it is providing a banking portal for ACH Colombia, a fintech based in that South American country, as part of an effort to digitize ACH Colombia’s payments infrastructure.Payments-technology company Payscout LLC said it will offer a direct link to its Paywire platform to users of …

Affirm Inc. expanded its installment payment service with Amazon.com Inc. to consumers in Canada.Digital personal finance provider Achieve said the percentage of Achieve users with buy now, pay later accounts on their credit reports grew 58% in June compared to January 2021.The “2022 State of Credit” report from Marqeta Inc. found that 64% of BNPL users reported …

Deployment of cryptocurrency ATMs in 2022 significantly lags the pace seen last year, and one factor hastening the slowdown is increased regulatory scrutiny, sources say. Crypto ATMs are specialized kiosks that allow consumers to purchase Bitcoin and other cryptocurrencies using cash or a debit card. Increasingly, regulators in several countries …