Over the last 24 months, organizations across the globe have experienced $42 billion in total fraud losses. An increasing number of businesses report higher losses related to fraudulent identities year over year, according to a report from Experian, from 51% in 2017 to 57% in 2019. Here are some of …

Online purchases using installment credit will total $680 billion globally in 2025, up 92% from $353 billion last year, projects Kaleido Intelligence.In related news, point-of-sale installment lender Laybuy launched a partner program to help smaller retailers offer the credit. More than 6,000 merchants offer Laybuy.MetaBank N.A., a unit of Meta Financial Group Inc., …

As small businesses prepare for the holiday shopping season in the midst of the coronavirus pandemic, Visa Inc. announced it is launching programs and resources to support their efforts, including so-called Visa Street Teams that visit stores to provide point-of-sale materials to support contactless payments.In related news, Visa said 60% of U.S. …

Sam’s Club, the warehouse-retail arm of Walmart Inc., is bringing its Scan & Go self-checkout technology to more than 500 Sam’s Club fuel stations. Called Scan & Go Fuel, the mobile-payment service will enable consumers to make contactless payments using the Sam’s Club app at 518 Sam’s Club locations by …

Real-time payment flows are coming to processor settlements with merchants as Visa Inc. enlarges the market for its Visa Direct push-payment service. The latest development emerged this week with EVO Payments Inc.’s launch of EVO Direct Deposit, a service that relies on Visa Direct to credit U.S. merchant accounts. The …

Point-of-sale credit provider Affirm Inc. said it raised $500 million in a series G funding round. Lead investors were GIC and Durable Capital Partners LP. Affirm also introduced an interest-free biweekly payment product for transactions of as little as $50. It also announced that NutriBullet, a small-appliance maker, offers Affirm as a payment …

PureWrist, a contactless-transaction technology provider, on Thursday debuted PureWrist Go, a reloadable flexible bracelet with an embedded EMV chip that allows consumers to make prepaid contactless transactions. PureWrist GO, which retails for $25, plus the amount preloaded on to device, is the flagship product on the PureWrist platform. New York …

Cash ATM withdrawals were down 14.6% for the week ending Sept. 6 among credit unions serviced by PSCU. The credit union service organization’s weekly transaction trends report found that while down, the rate is better than the 21.8% average decrease for the past four weeks.Co-Op Financial Services said an alliance with debit …

Unattended-payments specialist USA Technologies Inc. said it added more than 3,600 new customers in its fiscal year ending June 30, bringing its customer count to approximately 23,000. It ended its 2019 fiscal year with 19,400 customers. The addition comes as Malvern, Pa.-based USAT finds itself with new management, a reorganized …

Fanatics, a retailer selling sports merchandise, is one of the first merchants to sign up for a point-of-sale installment payment service from Fiserv Inc. and QuadPay.Lightspeed POS Inc. made its shares available for purchase in the United States. The Canadian point-of-sale system developer also filed its application to list its shares …