Fraud & Security

Nuvei Corp. launched card issuing in 30 markets in Europe with 2024 plans to expand it to the United Kingdom, the United States, and Latin America. The program enables clients to offer physical and virtual white-labeled cards. Payments-technology provider BHMI said it will market its software through a reseller agreement with NCR …

Merchants and financial institutions that use 3-D Secure to help vet online transactions in markets that require its use see fraud rates that are three to six times lower than for all card-not-present transactions. That’s one finding from a Outseer-sponsored report completed by the research and consulting firm Datos Insights. …

Payments provider Bluefin announced it is working with ID Tech, a payments-technology firm, to provide Bluefin clients with Advanced Encryption Standard (AES) technology validated by Payment Card Industry data-security rules. Mobile apps have accounted for 11% of e-commerce holiday-season sales volume so far, up from 9.6% last year, according to data from Signifyd, …

More than 30 million phishing attacks were launched against online stores, payment systems, and banks during the first 10 months of 2023, according to the latest report from Kaspersky Labs, a Moscow-based cybersecurity and antivirus provider operated by a holding company in the United Kingdom. E-commerce platforms bore the brunt …

Payments provider Paysafe Ltd. announced it will integrate network tokens from Visa to mask credit and debit card account numbers. The Federal Reserve Board announced an average 1.8% increase in pricing for established services such as check clearing and automated clearing house transactions, with pricing for the FedNow real-time network, which launched in July, …

Vesta, a fraud-prevention provider for e-commerce merchants, said it will integrate Stripe Inc.’s Radar risk scores and Stripe Connect, which enables businesses to facilitate purchases and payments between third-party buyers and sellers, into its Payment Guarantee platform. The Stripe Radar integration will help Vesta’s client merchants increase transactional approval rates …

The use of customer off the shelf (COTS) technology suggests that a merchant can leverage personally procured Android or Apple devices to execute point-of-sale operations. Even in today’s rapidly evolving payment technology, it’s a bold assumption. Such an implementation poses significant security challenges beyond contravening numerous acquiring and payment card …

Payments provider i3 Verticals Inc. posted fourth-quarter 2023 revenue of $96.4 million, a 13% increase from $85.3 million for the same quarter a year ago ended Sept. 30. Quarterly income of $3.4 million reversed a $4.4 million loss last year. For the full year, i3 Verticals had a loss of $2.7 million, …

The United States accounts for 57% of retailers that reported a breach this year, according to Trustwave’s “2023 Retail Threat Landscape: Trustwave Threat Intelligence Briefing and Mitigation Strategies” report. The United Kingdom (8%) and Canada (7%) are a distant second and third. In related news, Riskified Ltd., a provider of technology …

Zelle, the person-to-person payment service from Early Warning Services LLC, said it will launch a consumer education campaign video series this month to help educate consumers how to spot and avoid financial scams, specifically imposter scams. Zelle, in a statement to Digital Transaction News, also said most Zelle transactions—99.9%—are without any …