Fraud & Security

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 …

Vanco, a payments-technology provider to more than 3,000 schools, said it is expanding its partnership with Frontline Education, a developer of administrative software for educational institutions, to include Vanco’s RevTrak payments platform, which the company says eases school fees and other payments for families. Adyen NV will process transactions for Aghanim, …

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 …

The ever-shifting attacks from online criminals has prompted Sift to launch ThreatClusters, a tool to detect similar fraud patterns across industries to better identify risk patterns. San Francisco-based Sift says traditional fraud-detection models too narrowly focus on a single organization’s data or apply insights too broadly across diverse industries. It …

Affinity Plus, a credit union, announced it has added a real-time payment service based on FedNow and The Clearing House Payments Co.’s RTP network. Ark Labs said it has closed on a $2.5-million funding round led by Tim Draper, a venture capitalist. The startup says the funding will help it as …

Ransomware is a sobering item on every organization’s list of things to worry about. New data shows it might be more problematic than ever as the average ransomware demand reached $1,571,667 in the second quarter, more than double the average in the first quarter, according to “Q2 2024 Cyber Threat …

U.S. Bank has acquired Salucro Healthcare Solutions LLC, a 20-year-old provider of payments and billing technology for the health-care industry. Terms were not announced. The bank first invested in Salucro in 2022 and has sold its services through Elavon, the bank’s payments entity, as a product called MedEpay. Relay Payments, a …

Processor Jack Henry & Associates Inc. reported June-quarter revenue of $559.9 million, up 4.7% from the same quarter last year. Revenue for the 12-month period came to $2.22 billion, up 6.6%. Net income for the quarter totaled $101 million, a 3.4% increase; for the year ended June 30, $381.8 million, up 4.1%. …

Affirm Inc. said it will work with Hotels.com to allow consumers to book rooms and pay over time. The move builds on Affirm’s existing partnerships with Expedia Group. Shopping-app installs increased 61% in the first half of the year compared to the same period last year, according to Adjust’s shopping-app insights report. myKaarma, …

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%), …