Thursday , April 3, 2025

News

April, 2025

  • 3 April

    The Cost of Fraud Continues to Rise for Merchants, LexisNexis Finds

    Fraud costs merchants in the United States $4.61 for every $1 of fraud incurred, up 32% from $3.16 in 2022, according to LexisNexis Risk Solutions’ annual True Cost of Fraud Study. In Canada, fraud costs merchants $4.52 for every $1 of fraud incurred.  Driving the increase is that criminals are …

  • 3 April

    Visa Rethinks Authorize.net And Adds Unified Checkout, Fraud Protection Service

    Visa Inc. will launch an updated Authorize.net, in what it calls a “reimagining” of the venerable gateway. Announced Thursday, the updated version will be available in the second quarter in the United States and in other markets later this year. Visa’s announcement was one of three it made, including a …

  • 3 April

    Shoplazza’s Checkout Update and other Digital Transactions News briefs from 4/3/25

    The e-commerce platform Shoplazza Corp. said it has upgraded its payments platform in an effort to streamline checkout and cut cart abandonment. Aurora Payments has launched a service for its Arise payment platform that replaces cardholder data with tokens issued by the card networks in an effort to cut fraud, boost approval rates, …

  • 2 April

    Payments as a growth strategy – how ISVs can optimize revenue potential with embedded finance

    Steven Velasquez, Senior Vice President and Head of Partner Business Development – U.S. Bank | Elavon As the worlds of technology and financial services converge, the pace of innovation is increasing exponentially. The advent of AI, cloud-based, headless architecture, and ‘everything-as-a-service’ presents a challenge to ISVs looking to adapt to …

  • 2 April

    MoneyGram Adds Mastercard Move for Cross-Border Payments

    MoneyGram International Inc. said it will adopt Mastercard Move, the card network’s cross-border money-transfer application. Mastercard Move will enable MoneyGram users to initially send cross-border payments to 38 markets. Additional markets are expected to come online throughout the year. MoneyGram customers can receive payments through MasterCard Move at nearly 10 …

  • 2 April

    ‘Debit With Benefits’ Debuts As Spire Launches Its Pay by Bank Service

    What may be the first merchant-branded, automated clearing house-based pay-by-bank service has launched. Pay with Spire Inc., a Dallas-based payments provider, says its new Pay with Spire platform enables merchants to accept pay-by-bank transactions with no integration and at lower acceptance costs than credit or debit cards. Spire says the …

  • 2 April

    Alt Payments’ Vaulting Volume and other Digital Transactions News briefs from 4/2/25

    Led by digital wallets, instant payments, and QR-code payments, alternative payment methods will account for $142 trillion in volume by the end of 2030, up 170% from now, according to a forecast from ABI Research. Eurostar, the European passenger rail line, has adopted Klarna AB to enable ticket purchases in three equal installments …

  • 1 April

    The Clearing House’s ACH Volume Swells As Adoption of Digital Transactions Spreads

    Transactions on the Electronic Payment Network, the automated clearing house network, operated by The Clearing House Payments Company LLC, totaled 20.7 billion in 2024, a 6.2% year-over-year increase, TCH reported late Monday. Dollar volume during the period totaled $56.4 trillion, a 7.6% rise from a year earlier. Dollar volume on …

  • 1 April

    Eye on Acquiring: PAX Debuts Evolve App; Verifone’s $235 Million Investment

    With payment terminals as a foundation, PAX Technology Inc. is extending its acquiring support into payments management with its new Evolve payment application.  Meanwhile, Verifone Systems Inc. has lined up $235 million in investment in its latest funding exercise. PAX, which has a U.S. office in Jacksonville, Fla., says Evolve …

  • 1 April

    Stride Is New Affirm Debit Issuer and other Digital Transactions News briefs from 4/1/25

    Stride Bank N.A. announced it will issue the Affirm Card, a debit card from buy now, pay later platform Affirm Holdings Inc., becoming Affirm’s latest issuing partner. Affirm says it had 1.7 million active cardholders as of Dec. 31, 2024. Payfave Inc., which does business as Wink, announced it has merged …

Digital Transactions