Fraud & Security

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 …

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” …

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 …

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 …

A vendor that provides online chat services for customer acquisition and engagement appears to be the common thread in breaches disclosed Wednesday by Delta Air Lines Inc. and Sears Holdings Corp. The service provider is [24]7.ai Inc., a San Jose, Calif.-based company that provides services like virtual chat agents and …

Point-of-sale integrators, help desks, and other computer-related service providers for businesses, look out—the hackers are after you. The new Global Security Report 2018 from Chicago-based Trustwave says service providers were involved in 9.5% of the 700-plus data compromises the firm investigated in 2017. In 2016, service providers played a role …

Mobile-wallet usage is expected to increase in 2019 as almost 2.1 billion consumers worldwide choose the payment option, predicts Juniper Research Ltd. In its “Mobile Wallets: Service Provider Analysis, Market Opportunities & Forecasts 2018-2022” report released Wednesday, United Kingdom-based Juniper notes that next year’s forecasted number of mobile-wallet users is …

Metra, the commuter-rail agency in the Chicago area, will cease selling tickets on its Web site in late June, partly to avoid payment card security expenses. Riders, however, will still have a mobile-ticketing option through the Chicago Transit Authority’s Ventra fare system. Metra, which operates 11 transit lines and carries …

Bank processors over the past several years have worked to combine cardless technology with a continuing consumer demand for cash, a trend that took on momentum on Wednesday with an announcement from Fiserv Inc. that three ATM manufacturers are now supporting the company’s 3-year-old CardFree Cash service. ATM makers Genmega, …