Fraud & Security

Klarna AB said it is extending its Pay in 4 buy now, pay later service to subscriptions, the first time BNPL has been offered to this segment of the economy, according to the company.Payfare Inc., a specialist in instant payouts to gig workers, reported its user count rose 37% in the …

Presto, a provider of payment tablets for the restaurant industry, said it will go public through a merger with Ventoux CCM Acquisition Corp., a special purpose acquisition company. The deal values the combined company at an estimated $1 billion. Presto, whose clients include major brands like Applebee’s and Outback Steakhouse, …

Digital payments have been moving to the automobile dashboard for some time, and now the latest development is user authentication. Visa Inc. and the big automaker Daimler AG are planning to launch so-called native in-car payments starting next spring, according to an announcement early Monday. The new capability will replace …

Payments provider Lightspeed Commerce Inc. reported revenue for its quarter ended Sept. 30 of $133.2 million, up 193% year over year. The number includes contributions from recent acquisitions, including NuOrder, Vend, Upserve, and ShopKeep.FreedomPay Inc. said restaurant chain Shake Shack will use its Touchless Commerce service at more than 200 locations. This will …

Amazon.com Inc. said its Amazon One technology, which scans customers’ palms to process payments, is now available at more than 70 Amazon physical stores, Whole Foods stores, and third-party locations.Merchant acquirer Shift4 Payments Inc. released a business update indicating its volume for October was 80% higher than the same month in 2020, with the number …

[UPDATED TO REFLECT A STATEMENT FROM PAX] A report released on Tuesday detailing a raid by federal investigators at a Florida warehouse linked to Pax Technology Inc. has stunned the payments industry and left some observers concerned about the big point-of-sale device maker’s reported reaction to allegations its technology was …

Paysafe Ltd. said it relaunched its U.S. partner program for independent sales organizations, independent software vendors, and financial institutions.Anaheim Arena Management, manager of the Honda Center in Anaheim, Calif., has selected SpotOn Transact Inc.’s Appetize unit to manage all concessions through cloud technology. The move comes in advance of the new National Hockey …

A September survey of 850 information-technology professionals around the world by security-software provider Hornetsecurity Group found more than 9% saying their organization had paid a ransom to recover data after a ransomware attack. Some 15.2% said their organizations don’t perform regular data backups.Parkmobile LLC, whose mobile app enables reservations and payment for …

Purchase scams, in which consumers pay for goods that never arrive, was the number-one fraud type in the second quarter in terms of card-fraud attempts, beating out social-engineering frauds, according to fraud-prevention firm Feedzai. The top city for overall fraud attempts was Las Vegas, with fraud up 411% in the quarter …

Stronger authentication for voice-activated payments, as well as streamlined identity checks and support for a wider array of authentication technologies for online payments generally, are included in the latest version of EMVCo’s 3-D Secure standard, the global payments-standards body said Wednesday. EMVCo said its new update, version 2.3, responds to …