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- Compliance services provider LegitScript released a suite of services to help with merchant risk management. Among them is its Xray AI Risk Intelligence platform that can help with scanning merchant Web sites for card network violations, automatically detecting merchant category codes, and matching merchants against LegitScript’s risk intelligence database.
- Visa Inc. is working with fintech incubator Fintech Cadence to encourage innovation in payments and remittances among fintechs in Canada.
- Chargebacks911 said it will work with Prommt, a provider of payments technology, to offer protection against fraud and misuse in chargebacks.
- U.S.-based payments-technology provider NMI said it has installed new ticketing technology for more than 200 train stations in the United Kingdom, working with an unnamed ticketing-software firm.
- Forter said it has agreed to provide services to Chewy Inc., the pet-products company, for payments security, payment optimization, and chargeback recovery.
- NCR Atleos Corp., the ATM maker and services provider, reported $4.3 billion in 2024 revenue, up 2.4% from $4.2 billion in 2023. With a profit of $92 million, the company reversed a $134 million loss in 2023. For the fourth quarter, NCR Atleos’s revenue of $1.1 billion was flat compared with the 2023 fourth quarter. It posted a $49 million profit in the quarter, surpassing the $164 million loss the year prior.
- Card manufacturer CPI Card Group Inc. said it had sales of $480.6 million in 2024, up 8.1% from $444.6 in 2023. Net income for the year was $19.5 million, down 18.8% from $24 million in 2023. For the fourth quarter CPI posted $125.1 million in revenue, up 21.5% from $103 million in year-prior quarter. Net income for the quarter was $6.8 million, soaring $151.9 from $2.7 million in the 2023 fourth quarter. It had particularly strong sales in its prepaid debit segment in the quarter, with sales increasing 59% to $33.4 million, CPI said.
- American Express Co. appointed Michael Angelakis to its board of directors, effective Monday. Angelakis is chairman and chief executive of Altairos, an investment firm.
- ResNav Solutions Inc., a payroll data management and compliance software platform, appointed payments veteran Alex Hart as its chief executive. Hart, a ResNav board member and shareholder, most recently was chief executive at Payscale, a compensation services provider.
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