Insurance-industry payments specialist ePayPolicy launched Payables Connect, which it says automates reconciliation, creation, and payment of due payables. Technical-standards provider Global Platform said it will offer a seminar in Brussels April 26 on security for digital wallets offering eID. MSP Recovery Inc., which offers a product called LifeWallet to help providers manage medical …

As the modern payments landscape has developed, digital wallets have become nearly impossible to avoid—not that consumers want to stay away. In fact, the recent decision by America’s largest banks to team up and create their own digital wallet points to quite the opposite. It’s easy to see why consumers …

Cybercriminals showed no signs of slowing down in 2022 as they employed a variety of schemes to defraud consumers, acquirers, card issuers, and merchants, according to Visa Inc.’s Spring 2023 Biannual Threats Report. Cryptocurrency was a prime target for cybercriminals. More than $3 billion in cryptocurrency was stolen through November …

PayNearMe Inc. announced Tuesday it is expanding its iGaming footprint through a deal with Lottery Now Inc., which operates the Mido Lotto lottery. Consumers playing Mido Lotto, which is available in nine states, according to the Lottery Now Web site, will be able to purchase tickets with, as well as …

More than 4.1 billion apps to enable consumers to verify their identity online are projected to be in use globally by 2027, up 82% from 2.3 billion this year, according to Juniper Research. Use of government-backed digital identities that replace physical-identity documents as a source of verification for third-party apps, …

Nuvei Corp. said it will be a multiyear sponsor of the Mercedes-AMG Petronas Formula One Team. Business management marketing software provider Marketing 360 added a tap-to-pay feature to its mobile app, enabling its clients to accept payment cards and digital wallets. The cryptocurrency-payments platform Wirex said it will become a member of Visa Inc. in …

Amazon.com Inc. reported net sales of $514 billion for 2022, up 9% over 2021, excluding an impact from changes in foreign-exchange rates. Sales in the North American market grew 13% over 2021, to $315.9 billion. The company recorded an operating loss of $2.8 billion in North America, swinging from a positive …

A major venture by some of the country’s biggest banks to launch a digital wallet using a platform from Early Warning Services LLC, news of which emerged early Monday, is likely to benefit from the banks’ technology resources. But it could be hindered by consumers’ entrenched preferences for major-brand wallets …

Identity theft is a national scourge, but initial research findings released early Wednesday indicate that scourge impacts Black victims far more than it does other segments of the U.S. population. The impact can be measured by the dollar losses ID theft victims suffer, according to the report. In one example …

One legacy of the pandemic is how the shift to contactless, remote, and other forms of payment has enabled small businesses to compete with big enterprises. During the pandemic, retail commerce shifted almost overnight from primarily cash, card, and in-person transactions to primarily contactless, digital, and remote payments. For merchants, …