The Consumer Financial Protection Bureau has filed a petition with the U.S. District Court for the Northern District of California seeking to require Block Inc. to fully comply with the CFPB’s demands for information related to Block’s Cash App product, according to Bloomberg. Block said it is “disappointed” with the action and …

The proliferation of plug-and-play software has revolutionized the computing experience, mostly for good. But bad actors, too, are able to take advantage of the plug-and-play experience and purchase malware kits that require little to no coding expertise, which can retail for less than $10, according to a new report from …

Paysafe Ltd. entered the mobile sports-betting market in Arkansas with a partnership with BetSaracen, a sportsbook app offered by Saracen Casino Resort in Pine Bluff, Ark. The partnership will start with BetSaracen’s integration of Paysafe’s Skrill USA digital wallet.The technology company Bushel launched a digital-payment platform to replace paper checks in transactions …

Shoplazza, a shopping-cart technology provider for more than 360,000 merchants, said it will support integration of payments-acceptance capability from Payoneer into its clients’ Web stores.Billing and payment platform Kill Bill and Wovenware, a provider of artificial intelligence and software engineering services, said Wovenware created an open-source plugin that integrates e-commerce processor Adyen to the …

Using services like Zelle, Cash App, Venmo, and PayPal is a no-brainer when it comes to making payments in our personal lives. In fact, 94% of Millennials, 88% of Gen Xers, and 87% of Gen Zers are using payment apps in place of cash and credit cards. Now there’s a …

Criminals are cashing in on cybercrime in a big way. A new report from Arkose Labs reveals that experienced or “master” fraudsters can pull down up to $7.2 million annually and that rookie fraudsters can earn as much as $20,000 per month with an investment of as little as $5 …

With consumers—and criminals—flocking to e-commerce, card issuers and merchants are not only experiencing a significant increase in fraud, but also in so-called friendly fraud committed by cardholders who dispute legitimate purchases after the fact. As a result, merchants’ need for stronger cardholder verification tools is growing. To address that need, …

Visa Inc. has spent more than $9 billion over the past five years to boost cybersecurity and reduce fraud, according to an announcement the network made in a blog post Tuesday. Of that amount, $500 million has been spent on artificial intelligence and data infrastructure. As a result of its …

The Brink’s Co. said its BLUbeem point-of-sale cash-management platform is now available through the Clover POS technology from Fiserv Inc.Paysign Inc., a provider of prepaid cards for the health-care industry, reported $8.8 million in fourth quarter 2021 revenue, a 21% increase year-over-year. Purchase volume in the quarter rose 13.2%. Cardholders totaled 4.3 million at …

The Clearing House Payments Co. LLC said transaction volume on EPN, its automated clearing house network, increased 9.6% in 2021. The Clearing House and the Federal Reserve, the only ACH operators in the United States, each handle approximately half the commercial ACH market, TCH said.Buy now, pay later provider Sezzle Inc. said Yapstone …