News

September, 2024

• 13 September

  Alchemy Pay Adds BNN Chain Support and other Digital Transactions News briefs from 9/13/24

  

  Cryptocurrency gateway Alchemy Pay said it now supports the BNB Chain blockchain ecosystem for developers working in the Web3 arena. Web3 is a vision of a blockchain-based web that includes cryptocurrencies, nonfungible tokens, and related entities. Co-branded credit card platform Cardless Inc. has appointed Joe Wold head of partnerships and Ailien Phan chief compliance …
• 12 September

  Mastercard Beefs Up Its Cyber Defenses With Its Recorded Future Acquisition

  

  Mastercard Inc. announced early Thursday it has acquired cybersecurity firm Recorded Future for $2.65 billion. The acquisition builds on Mastercard’s strategy of investing in fraud detection and cyber defense technologies, the network says. The deal also enhances Mastercard’s identity, fraud prevention, real-time decisioning, and cybersecurity services for merchants and financial …
• 12 September

  Eye on E-Commerce: Bold Adopts Fastlane; DNA Payments Launches Apple Pay Express

  

  Fast on the heels of PayPal Holdings Inc.’s launch of its Fastlane service for online transactions, e-commerce platforms are eyeing the expedited-checkout technology. Some are acting. Bold Commerce early Thursday said its checkout routine has adopted Fastlane for the Adobe Commerce merchants it supports on its so-called headless-checkout platform. Headless …
• 12 September

  Gateway Reveals Card Breach and other Digital Transactions News Briefs from 9/12/24

  

  Payment gateway Slim CD Inc. revealed a data breach resulting from suspicious activity it became aware of on June 15. The investigation found unauthorized system access between Aug. 17, 2023, and June 15, 2024. It says credit card information may have been viewed or obtained. Slim CD said it took measures to …
• 11 September

  Fraudsters Are Favoring Automated Bot And Authorized Fraud Attacks

  

  Fraud attacks initiated by automated bots using artificially generated images, also known as deepfakes, are becoming a major problem in the payments industry, according to a report Wednesday from AU10TIX, a provider of identity-verification and risk-management technology. Overall, 32% of all Internet traffic during the second quarter was driven by …
• 11 September

  U.S. Bank Credit and Debit Cards Are Now in the Paze Wallet

  

  Credit and debit cards from U.S. Bank are now ready to use with Paze, the online checkout platform, which comes preloaded with access to up to 150 million payment cards. Paze is in the midst of a national rollout as it seeks to give issuers an edge in e-commerce checkout. …
• 11 September

  Costco’s New Pump Payment Tech and other Digital Transactions News Briefs from 9/11/24

  

  Retailing giant Costco Wholesale Corp. has contracted with technology company Vontier to install new payments devices and software at the chain’s 76 fueling stations in Canada, starting next month. Vontier two years ago acquired Invenco, a company that included long-time fueling-technology provider Gilbarco Veeder-Root. Payment processor Silverflow said it has reached a new agreement …
• 10 September

  U.S. Merchants Pay the Highest Card Acceptance Costs in the World, a CMSPI Report Contends

  

  Merchants in the United States paid $224 billion in card-acceptance costs in 2023, the highest toll for merchants in any country in the world, according to payment consultancy CMSPI’s State of the Industry Report. Interchange fees alone accounted for $143 billion of that total. Since 2009, U.S. merchants’ like-for-like payment …
• 10 September

  Eye on Airlines: UATP Works with Klarna on BNPL; CellPoint Digital Orchestrates Another Airline

  

  Airline payments powerhouse UATP says it will offer buy now, pay later services from Klarna AB. Meanwhile, CellPoint Digital has signed Arajet, a Dominican Republic startup airline as a payments-processing client. UATP, a Washington, D.C.-based  global payments network, says its new partnership with Klarna will enable airlines to offer Klarna’s …
• 10 September

  Repay’s Otelier Integration and other Digital Transactions News Briefs from 9/10/24

  

  Payments provider Repay Holdings Corp. said it has integrated its services with Otelier, a technology platform for the hospitality market, to enable vendor payments from the same platform where clients process invoices. Payments platform Nayax announced it has worked with A2Z Cust2Mate to create technology that allows shoppers to manage and pay for items …