Automated Clearing House

Visa Inc. has agreed to buy Featurespace, a United Kingdom-based developer of anti-fraud technology incorporating artificial intelligence. The deal is expected to close in the first half of next year. Terms were not announced. Payments provider Adyen NV launched the SFO1, a multimedia countertop terminal, its first such proprietary multimedia device, it says. …

Mastercard Inc. launched its Payment Passkey Service with payments processors and consumers in India, and says it will introduce the technology in other markets globally in coming months. The technology, aimed at online transactions, tokenizes payment credentials and enables biometric authentication of cardholders. Canada-based online travel agency justfly.com introduced a pay-by-bank feature, allowing travelers to …

Onfleet, a delivery management software platform, said its new partnership with Shopify Inc., an e-commerce and point-of-sale platform, integrated Shopify online orders with Onfleet’s platform. Rentvine, a software platform for rent payments and other property-management functions, raised $74 million in growth capital from Mainsail Partners. Businesses in the Asia-Pacific region are adopting …

Interac Corp., Canada’s national debit network, said 69% of Gen Z Canadian adults have embraced the mobile wallet, while 63 % prefer to leave their physical wallet at home for short trips, according to a recent survey. Gen Z’s use of mobile wallets outpaces all other generations including Millennials (60%), …

It’s early days for artificial intelligence use, but already most consumers—74%—are concerned it could be used to advance further fraud attacks. That’s the word from risk-management provider Abrigo in its latest survey. In related news, ClearSale launched a suite of tools to help retailers counter online fraud. Fraud worries are …

Debit cards are consumers’ favored method for paying bills, according to a report from bill-payment network doxo Inc. Some 62% of doxo users pay their bills using debit cards, compared to 24% who use the automated clearing house and 15% who opt for credit cards, according to doxo’s “The Bill …

Lightspeed Commerce Inc. announced it is working with US Foods Holding Corp., a large foodservice distributor, to sell Lightspeed’s payments technology for restaurants in the U.S. market. Embedded payments provider i3 Verticals Inc. reported $56 million in fiscal third-quarter revenue, down 2.3% from $57.3 million year-over-year. Its net loss increased to $8.3 million …

Hospitality point-of-sale maker Toast Inc. said it now serves 120,000 merchant locations as of the end of the second quarter, a 29% increase from the same period a year ago. Its gross payment volume jumped 26% year-over-year to $40.5 billion. Toast posted second quarter revenue of $1.24 billion, a 27% increase from …

Payments provider North American Bancard has rebranded as North. The independent sales organization, which debuted in 1992, said North is emblematic of upward movement. Its values, business strategy, and merchant commitment stay the same, North said in a blog post.  Nuvei Corp. said it will acquire Pay2All Instituição de Pagamento Ltda., a …

Bharcap Partners LLC has made an unspecified majority investment in payments provider Electronic Merchant Systems, which processes roughly $6 billion in volume annually for 25,000 merchants across the country. The company was formerly majority-owned by founder Jim Weiland. Rentec Direct, whose software enables landlords to process rent payments and automate other …