[UPDATED TO REFLECT A STATEMENT FROM PAX] A report released on Tuesday detailing a raid by federal investigators at a Florida warehouse linked to Pax Technology Inc. has stunned the payments industry and left some observers concerned about the big point-of-sale device maker’s reported reaction to allegations its technology was …

Sensing an opportunity to expand the reach of its financial services to more small businesses, Intuit Inc. on Tuesday introduced Money by QuickBooks, a mobile app intended to make it easier for small sellers to accept payment, manage their cash flow, and pay bills. Intuit launched the app in response …

A September survey of 850 information-technology professionals around the world by security-software provider Hornetsecurity Group found more than 9% saying their organization had paid a ransom to recover data after a ransomware attack. Some 15.2% said their organizations don’t perform regular data backups.Parkmobile LLC, whose mobile app enables reservations and payment for …

AppsFlyer, a marketing measurement platform, said e-commerce retail app installations increased 55% on Android devices and 32% on iOS devices in 2021 in its latest “State of eCommerce App Marketing” report. In-app spending is up 35% and could increase to 42% by November.Payments-technology provider GK Software said it has completed an installation …

BitPay Inc. and Verifone Inc. early Tuesday said they are collaborating on a service that later this year will allow U.S. merchants using Verifone devices to accept as many as 11 cryptocurrencies in-store and online.  Consumers will be able to pay with a broad array of crypto wallets, including one …

Despite the percentage of card-not-present fraud transactions steadily hovering in the 10% to 13% range between the first quarter of 2020 and the same period in 2021, the average ticket size for fraudulent CNP transactions has steadily grown during that time, says a report from fraud-prevention platform provider Vesta Corp. …

PopID, a consumer authentication service, said its PopPay payment service is used more than more 100 restaurant and retail brands. Approximately 70,000 registered users have authenticated their faces more than 4 million times. PopID recently closed on a $10 million Series B funding round and intends to expand to college campuses across …

Same-day transaction processing on the automated clearing house network will turn five years old this month, and while that may provide one reason for participants to celebrate, network governor Nacha issued another one Wednesday morning: both same-day transactions and same-day dollar volume are soaring. Transactions totaled 148.7 million in the …

Till Inc., a rental payment provider, announced four new features enabling tenants to pay rent. One, Budget and Save, enables tenants to allocate rent in smaller installments for their entire rent prior to the due date. Landlords still receive the full rent amount on the due date. Another feature, Rewards …

Top executives at Shift4 Payments Inc. said early Thursday the company will launch general availability of a new restaurant platform in the first quarter of next year. The Android-based technology will include a Quick Response-code payments option as well as capabilities for analytics, marketing, payroll, and other features, according to …