Fraud & Security

The Covid-19 pandemic has been good for the legal cannabis industry. POSaBit Systems Corp., which markets point-of-sale systems and services to the industry, reported second-quarter revenue growth and payments provider AeroPay is working with Safe Harbor Private Banking on a new payments service for the industry. Kirkland, Wash.-based POSaBit says it …

Shift4 Payments Inc. will provide tokenization, gateway, and end-to-end payment processing for a digital-commerce platform from Sionic Mobile Corp., according to a joint announcement from the companies. The initial focus is on restaurants, including services for online ordering and existing mobile payment and loyalty apps.Fiserv Inc. announced that starting Tuesday consumers with Alexa-enabled cars or …

Online criminals are now launching most of their phishing attacks from domains secured by the HTTPS protocol—and they’re hijacking the sites they need to do it, according to the latest report from the Anti-Phishing Working Group, a security-industry organization that tracks the crime. Some 77.6% of phishing sites in the …

Refused transactions are frustrating enough for cardholders and merchants, but during a pandemic they could be especially nerve-wracking. Visa Inc. on Wednesday announced a new service for stand-in processing that the payments network says should yield faster and more accurate results when issuers’ systems are down. The new Smarter STIP …

With less than a year to go before gas stations are scheduled to become EMV-compliant at the pump, readiness among fuel merchants remains uneven. A recent study by Naples, Fla.-based ACI Worldwide reveals 47% of major petroleum merchants remain unprepared to meet the deadline and 20% are still in the …

The use cases for contactless payments have been there all along, but the Covid-19 pandemic is turning out to be a major motivator in adoption of the touch-averse technology. Evidence comes in a roundup of data from the U.S. Payments Forum, a Princeton Junction, N.J.-based payments association. In its latest …

With the Covid-19 pandemic accelerating consumers’ use of contactless cards and mobile wallets, merchants can expect hackers to target contactless transaction data at the point-of-sale, says Ruston Miles, founder and advisor at Atlanta-based Bluefin Payment Systems LLC. The main point of vulnerability in a contactless environment at the physical point-of-sale …

Payments provider Blackhawk Network Inc. said it is working with the California Governor’s Office of Emergency Services to distribute a total of $25 million in aid on 50,000 prepaid cards to health-care professionals battling Covid-19. The money was donated by Facebook Inc.Payroll-services provider PayActiv Inc. said its study of usage data from a sample …

Walmart Inc. reported its U.S. e-commerce sales increased 97% year-over-year in the June quarter.Card-issuing platform Marqeta Inc. has released Marqeta 3D Secure to help issuers combat online fraud and meet regulatory requirements in certain markets. 3D Secure is an authentication protocol developed by the major card networks.Cardknox Development Inc. announced its payments gateway is …

American Express Co. announced it has agreed to acquire digital lender Kabbage Inc. in a deal expected to close later this year. Kabbage’s existing loan portfolio is not included in the transaction, for which terms were not announced. Eleven-year-old Kabbage entered the payment processing business in 2018.Restaurants and other businesses in Pasadena, Calif., …