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- A fraud ring that appears to be based in Southeast Asia is targeting U.S. retailers and has already committed an estimated $660 million in fraud in stolen laptops, cell phones, computer chips, gaming devices, and other goods just in November, said Signifyd, an online-fraud prevention firm. Signifyd said it has been tracking this ring for about a year, likely when it was committing practice runs.
- Point-of-sale technology provider InComm Payments said it is supporting Pollard Banknote Ltd.’s in-lane activation platform to allow players in the Arizona Lottery to receive game cards and win instant prizes by scanning a QR code on the card.
- MoneyGram International Inc. said it expects its acquisition by funds affiliated with Madison Dearborn Partners LLC to close early in next year’s first quarter. More than 99% of shareholder votes approved the deal in May. MoneyGram announced in February it intended to be acquired by Madison Dearborn.
- Liquid Payments Inc., a health care payments specialist, launched its one-click payment integration, enabling health care practices to accept payments more easily.
- eProcessingNetwork LLC said it and Paya developed a mobile remote deposit capture payment service that is available to small and mid-size merchants for check acceptance.
- The Consumer Financial Protection Bureau ordered Servico UniTeller, a remittance provider, to refund approximately $30,000 in fees, pay a $700,000 fine, and comply with the Electronic Fund Transfer Act and its Remittance Transfer Rule after finding the company failed to comply with each requirement.
- Discover Financial Services named Hope Mehlman its chief legal officer and general counsel. She previously had been executive vice president, general counsel, and corporate secretary at Bank of the West.
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