Credit Cards

Russia gets a bad rap because of its notorious hackers, but more U.S. e-commerce fraud originates from China and Venezuela than Russia, according to a new report from Experian plc. Experian, which is based in Dublin, Ireland, but has large U.S. businesses in credit reports and marketing and data services, …

American Express Co. disclosed Monday that it will end its multi-merchant Plenti rewards program on July 10. AmEx announced the closure through a tweet on the Plenti Twitter feed and on Plenti’s Web site. “While Plenti has grown in scale since its launch, a number of factors, including shifting priorities …

Klarna Inc. is bringing another of its buy now/pay later products to the U.S. market this summer with broader availability later in the year. That’s the word from Jim Lofgren, chief executive of Klarna Inc., the North American arm of the Sweden-based online payments firm. Lofgren, speaking to Digital Transactions …

Paysafe Holdings UK Ltd. hasn’t been shy about building scale via acquisitions, and on Thursday it announced one of its biggest deals yet in the U.S. merchant-acquiring business. It expects to close by the end of June on a transaction that will bring into its fold iPayment Holdings Inc., a …

Payments executives may abhor fraudsters, but they have to admit the scamsters and hackers are a determined lot. The percentage of organizations sustaining actual or attempted payments fraud increased in 2017 for the fourth straight year, reaching a record high 78%, according to the latest “Payments Fraud And Control Survey” …

The Dutch payments provider Adyen stole headlines in February with its agreement to be the processor behind eBay Inc.’s ambitious new payments platform, and this week news emerged that it could be ready for yet another big move—an initial public offering. The Amsterdam-based company, which maintains a U.S. headquarters in …

Data breaches at restaurants and hotels are nothing new, but a just-out report from Verizon Communications Inc. shows how extensively the hospitality industry gets hit by hackers. New York City-based Verizon, which besides telecommunications has a large business in investigating data breaches, says in its latest annual breach study that …

Payments companies wondering how digital payments will evolve and what impact today’s younger consumers might have as they age may want to consider the role of apps, suggests the “Future of Money Study 2018” from Koski Research Inc. San Francisco-based Koski, in research that included 1,000 U.S. adults and a …

Count Best Buy Co. Inc. as another unwilling member of the [24]7.ai Inc. breach that has yielded customer payment information already from Sears Holdings Inc. and Delta Air Lines Inc. In a statement released Thursday, Best Buy disclosed that an unspecified number of customers were affected when the online chat …

Payment card networks and merchant acquirers still don’t have a solid read about how many merchants will take advantage of the networks’ new signature-optional policies that take effect this month. A merchant trade group, however, expects more than half of its members will cease requiring cardholder signatures at the point …