While most North American payments fraud is related to identity and organized crime, one area—terrorism—stands out in this region compared to other developed markets. Eight percent of the 154 criminals cases reviewed by information-security firm Terbium Labs in its “The Next Generation of Criminal Financing: How Payment Fraud Funds Transnational …

When we think about artificial intelligence (AI) and machine learning, the first image that comes to mind might be a chess-playing computer or a driverless car. In addition to such futuristic applications, these cutting-edge technologies are already changing and enhancing many aspects of our day-to-day lives, including how we make …

Circle Internet Financial Ltd. will cease supporting its 5-year-old Circle Pay mobile app beginning next month in order to concentrate on its blockchain and cryptocurrency ventures. Circle Pay is a no-fee peer-to-peer payments app that enables users to send money using the recipient’s phone number or email address. The service …

Los Angeles-area merchants that sell transit tickets on behalf of 25 transit agencies will adopt an Android-based app for ticket sales, Cubic Corp. announced Thursday. Cubic says its Cubic Transportation Systems division is upgrading the existing point-of-sale infrastructure more than 450 retailers use to accommodate the Cubic Mobile for Merchants …

Visa Inc. on Tuesday furthered its ambitions to expand beyond card payments with the commercial launch of a cross-border network that leverages blockchain technology to help manage business-to-business transfers. The network, called Visa B2B Connect, starts out with coverage of more than 30 so-called global trade corridors and plans to …

PayFi, which provides a banking platform, said it will offer real-time payments services from The Clearing House Payments Co. LLC to community banks. Most U.S. consumers—38%—are likely to use a credit card for online subscription payments, finds a report from GoCardless, a recurring-payments company. Thirty-four percent choose a debit card, …

May became the first negative month of 2019 for payments stocks as worries about tariffs and an economic slowdown as a result gripped the wider market. Chicago-based Barrington Research Associates Inc. reported Monday that a 29-company group of transaction-processor stocks posted a mean return of negative 2.57% last month. Only …

Visa Inc.’s chief executive this week questioned the drive for real-time payments by U.S. banks and merchants, but also argued Visa’s recent acquisition of business-to-business payments processor Earthport plc will help the company expand real-time payment capability beyond cardholders. Visa closed on London-based Earthport last month after winning a bidding …

Fitbit Inc. said its smart watches and trackers with Fitbit Pay can be used to pay for transportation on seven major transit systems globally, as well as on the contactless OMNY system set for launch May 31 by the Metropolitan Transportation Authority in New York City. Multiple law firms are …

Contactless payments account for only an estimated low-single-digit share of U.S. general-purchase credit and debit card transactions, but contactless has a much greater share of payments in Canada and the United Kingdom, recently released data show. Canada’s largest merchant acquirer, Toronto-based Moneris Solutions Corp., says that in the first quarter …