Fraud & Security

Camping World Holdings Inc. said it will begin accepting cryptocurrency for payment for recreational vehicle purchases through processor BitPay Inc.Buy now, pay later provider Splitit Inc. said its year-to-date merchant sales volume is up almost 250%, at $82 million, over the same period last year, following rising adoption by shoppers and merchants.In related …

Uplift Inc., a buy now, pay later provider specializing in travel, said consumers can now buy tickets on Southwest Airlines Co. flights and pay in installments.Some 79% of gift card buyers expect to increase spending on gifts when pandemic restrictions are relaxed or lifted, according to a survey of 1,056 …

Discover Financial Services reported $1.6 billion in net income in the 2021 first quarter, a reversal of a $61 million loss in the same quarter in 2020. Discover said its payment services volume was $75.9 billion, a 19% increase year-over-year. Dollar volume on its Pulse debit network increased 23% year-over-year, driven …

Saturday has come and gone, and it appears plenty of gas stations—including many branded by major oil companies—are still falling short of chip card acceptance at the pump, despite a deadline for EMV compliance that fell on April 17. Some 48% of fuel and convenience-store sellers have complied with the …

Mastercard Inc. said it will acquire Ekata, a digital identity services company, for $850 million. Ekata helps identify good customers and businesses and bad actors in real time, it said. Ekata, formerly the business-to-business unit of Whitepages Pro, spun off in 2019 and adopted the new name. The deal is expected …

On its first day of trading as a public company, cryptocurrency exchange Coinbase Global Inc. saw its stock finish at $328.28 per share after starting the day at $381 and rising as high as $429.54 on the Nasdaq. The day’s activity left Coinbase with a valuation of $85 billion on a diluted basis, making …

With the deadline for EMV-at-the-pump compliance up to four days away—and with a shortage of installation technicians slowing compliance—Sound Payments Petro Solutions, a provider of technology solutions for the petroleum industry, announced Monday it is partnering with fuel-dispenser parts specialist Freedom Electronics to provide preconfigured EMV retrofit kits to simplify …

Cybersecurity provider RSA said payment transaction volume using 3-D Secure increased 73% globally in 2020 over 2019 in its RSA Quarterly Fraud report for the 2021 first quarter.The payments provider FreedomPay said the Foot Locker Inc. chain has installed its payments system across Foot Locker’s more than 2,000 U.S. stores.Workflow-automation company DocuPhase announced it has acquired …

While account takeover is a major concern for financial institutions and merchants, many underestimate the cost as well as the frequency of attacks, says a report released Thursday by Arkose Labs, a San Francisco-based provider of fraud-prevention technology. Indeed, one of the costliest aspects of account takeovers is the loss of …

Square Inc. entered the acquiring market in Ireland with its Early Access Program, which offers small and medium-size merchants what the company calls exclusive access to Square technology. Square expects to launch its technology generally in Ireland later this year.Transact Holdings Inc., a specialist in payments technology for college campuses, said …