by Joshua Bennett, Vice President of Partner Business Development for Elavon Inc. As payments technology and business models continue to advance and change at a rapid pace, Independent Software Vendors (ISVs) have new opportunities to monetize their services and provide valuable tools for their customers. The concept of Embedded Finance, …

The nascent U.S. real-time payments market took another step forward Wednesday when U.S. Bank and Kyriba Corp., a provider of financial technology for multinational corporations and banks, announced they are working together to enable instant payments for businesses. Under their new pact, joint clients of U.S. Bank and Kyriba will …

Mastercard Inc. is adding another arrow of digital-security technology in its cybersecurity quiver with the acquisition of Baffin Bay Networks, a Sweden-based cybersecurity company. Payments companies constantly need advanced ways to counter fraud because criminals are relentless. In fact, credit card fraud accounted for 6.2% of digital fraud in 2020, …

Real-time payments are getting more attention in financial services, and vendors are quickly enabling the faster-payment capability. Among the latest to do so is Sionic Corp., with its suite of services that includes its Verified Rapid Payments, and Oracle Corp., with a new set of cloud-based banking services. Atlanta-based Sionic …

Payments and financial services provider Netevia said it will launch in February Netevia Banking, a banking service for small businesses that includes virtual cards, same-day access to funds, connectivity to Netevia’s underwriting team, and a two-hour approval window. Netevia Banking will be available to independent sales organizations for resale. GE HealthCare will …

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, …

Socure Inc., a provider of digital-identity verification and fraud detection, has become the latest company to join the expanding universe of open-banking technology providers. On Tuesday, Socure announced the launch of Socure Account Intelligence, an application that verifies domestic bank-account status and ownership of the account into which funds are …

SpotOn, a payments provider specializing in the restaurant industry, launched Experiences by SpotOn Reserve, a reservation and waitlist platform.Checkout.com launched Fraud Detection Pro, aimed at helping online merchants combat bot attacks, account takeovers, synthetic identities and other newer fraud technologies.Payments provider Paysafe Ltd. said it will support payments for U.S. hotels via a …

Electronic Verification Systems, a provider of identity- and age-verification solutions, early Monday announced the launch of AssurePay, a credit card-verification platform that EVS says authenticates consumer credit card information at the beginning of the payment process, instead of while the card data is being held for processing. To validate a …

Buy now, pay later provider Afterpay said retailer Rite Aid now accepts the installment payment option online and intends to offer it in-store in coming months.MoneyGram International Inc. rebutted claims by the Consumer Financial Protection Bureau that the company is a “repeat offender” with respect to “consumer harm,” citing the fact that the …