Fraud & Security

Point-of-sale technology provider CardFlight Inc. said more than 20,000 new merchants so far this year have installed the company’s SwipeSimple software, bringing the total to 70,000. The technology lets merchants accept mobile as well as in-store payments.Square Inc. released Square KDS, software that displays restaurant order tickets from various points of origin, including point of …

As firms look for ways to speed up and secure simultaneous payments to multiple workers or contractors, cryptocurrency has entered the picture. BitPay Inc., an Atlanta-based processor that offers crypto e-wallets, on Thursday said it has added a mass-payout service that will let companies pay gig workers, contractors, and other …

Visa Inc. has invested an undisclosed sum in Lisnr Inc., an 8-year-old startup whose technology enables mobile payments via sound waves. The fresh investment follows an initial funding Visa made in the company a year ago.Century Business Solutions said its EBizCharge payment service is certified for the Sage Intacct Marketplace to be …

With a second wave of the Covid-19 pandemic surging and bringing with it the fear of another nationwide lockdown, merchants can expect to see a minimum 20% to 30% increase in holiday e-commerce sales in 2020, compared to 2019, says ACI Worldwide Inc. The Naples, Fla.-based payments provider Thursday said …

As cross-border transfers become a priority with merchants and processors across multiple payment methods, the risk of fraud losses multiplies. That pressure has led Rapyd Financial Networks Ltd. to launch a feature aimed at detecting fraudulent transactions across the company’s network, which operates in more than 100 countries and supports …

Research from Inmar Intelligence found that 53% of shoppers used a mobile contactless payment option for the first time since the start of the pandemic. Additionally, most—55%—of the 1,000 respondents surveyed said they have been avoiding using cash in general in the same period. A full 28% will avoid retailers not offering …

Nacha announced the first transactions on its Phixius network, which facilitates information exchange between payors and payees using the automated clearing house network. The Phixius network relies on standardized open application programming interfaces. Nacha announced in February its intention to develop Phixius. Visa Inc. joined in August.Authentication services provider Paay and Bluefin Payment Systems, …

The Covid-19 pandemic, which is surging again in many parts of North America, has proven to be a tipping point for digital business payments, says a white paper released Monday from WEX Inc., a provider of payment technology for fleet operators and travel and health-care businesses. Of the 308 senior …

EVO Payments Inc. reported third-quarter revenue of $117 million, a 4.4% decrease from $122.4 million in the same period a year ago. Its profit, however, of $5.8 million reversed a $1.8 million loss last year. In the quarter, EVO launched EVO Direct Deposit, a real-time settlement service for merchants.The Covid-19 pandemic made …

Criminals are prepping to reap ill-gotten gains this holiday season, and one way they’re doing that is by bringing their organizational skills to return and refund schemes. That’s the word from Signifyd Inc., a fraud-prevention services provider. Return and refund fraud is one of three trends gaining prominence now, says …