Monday , December 23, 2024

Fraud & Security

Congressional Report Says Equifax Breach Was Preventable and other Digital Transactions News briefs from 12/11/18

Cloud-based point-of-sale system maker ShopKeep said it closed a $65 million funding round, led by Tribeca Venture Partners, that it will use for expansion and growth purposes. New investors include First Data Corp. and Salesforce Ventures. A staff report released by Republicans on the U.S. House Oversight and Government Reform …

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Behavioral Solutions Arrive to Fight a Fast-Rising Plague of Account-Takeover Losses

With massive data breaches hitting the headlines and account-takeover fraud booming, payments players are scrambling for solutions. One possibility is so-called behavioral biometrics, a science that tries to detect imposters’ fraudulent activity in real time by comparing their online behavior with the known patterns of a genuine user. The latest …

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Glance Inks Cash Advance Referral Deal and other Digital Transactions News briefs from 12/6/18

OnDeck Capital Inc. said it will combine its Canadian lending operations with Evolocity Financial Group, a Montreal-based online small-business lender. The combined entity will be branded OnDeck Canada. Terms were not disclosed. Mobile-payments specialist Glance Technologies Inc. announced a referral agreement for cash advances with Merchant Advance Capital L.P. Hackers …

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With Convenience Stores in Mind, NRS Adds a Silent Alarm to Its POS System

Merchants using the point-of-sale system from National Retail Solutions Inc. soon will have the ability to use a potentially crime-thwarting value-add feature. The Newark, N.J.-based company is adding a silent alarm feature to its POS system. Expected to be available by the end of the first quarter, the feature involves …

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Upserve Launches Upserve POS and other Digital Transactions News briefs

Citing its potential effects on payments-market competition, the United Kingdom’s Competition and Markets Authority has now ordered an in-depth review of PayPal Holdings Inc.’s acquisition of Sweden-based processor iZettle AB. A PayPal spokesperson told Reuters the company is working with the CMA and plans to demonstrate the market will remain …

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A New Service From Mastercard Brings a Shoppable 3-D Store Online

Mastercard Inc. and Next Retail Concepts are bringing to retailers a virtual-shopping experience that has shoppable products. The three-dimensional, digital environment, available across any Web browser, enables consumers to view and buy products as if they were in the store. Images are from the store and include products selected by …

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COMMENTARY: Four Steps to Build a Consumer-Focused Mobile Payments Strategy

Crafting a mobile-payments strategy can be a daunting task. The technology is evolving rapidly, and so are consumer expectations. Rather than starting with capabilities, a successful mobile strategy begins with an understanding of how people engage with their finances as part of their daily lives. Evaluating how consumers use mobile …

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SpotOn Transact Initiates Crypto Acceptance and other Digital Transactions News briefs from 12/3/18

FreedomPay announced Nando’s, an international fast-casual restaurant chain, will use FreedomPay’s point-to-point encryption payments platform in its Oracle Micros Simphony POS system installations. Payments provider SpotOn Transact LLC agreed to offer acceptance of Bitcoin and other cryptocurrencies to merchants via a partnership with Vaultbank, a blockchain-technology firm. Kevin Jones, founder …

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Starwood Breach Raises the Question of Whether Hackers Have Keys to Encrypted Data

Friday’s disclosure from hotel giant Marriott International Inc. that hackers compromised information on up to 500 million guests held in its Starwood reservation system raises the question of whether fraudsters will be able to use an unknown quantity of encrypted payment card numbers because they also might have stolen the …

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Gearfire Payments Targets Shooting-Sports Industry and other Digital Transactions News briefs from 11/30/18

Independent sales organization Gearfire Payments announced new plans to focus on reducing payment costs for the shooting-sports industry. Atom Tickets, a mobile-ticketing service for the movie industry, said it integrated SMG Access, a loyalty program from Studio Movie Grill, an operator of movie theaters featuring in-theater dining. Target Corp. may …

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