Tuesday , November 5, 2024

Search Results for: fraud detection

First Data Certifies Slim CD Software for High-Speed Transactions

Slim CD Inc., a transaction-software company in Coral Springs, Fla., announced today its product has been certified by First Data Corp., allowing banks and independent sales organizations supported by FDC to offer merchants high-speed card transactions on personal computers through Slim CD's software. The company says its product can process …

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Oracle Health Payments Debuts and other Digital Transactions News briefs from 10/16/24

Oracle Corp. launched Oracle Health Payments, which the company says combines gateway routing, processing, and acquiring in a single contract for health-care providers. Capabilities include tap-to-pay with Apple Pay, Google Pay, or Samsung Pay. Visa Inc. said it is collaborating with Analytic Partners to enable a data-analytics service for merchants. The fintech Pivot …

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Jack Henry Partners With Moov to Streamline Payments for Small Businesses

Jack Henry & Associates Inc. has partnered with payment processor Moov Financial Inc. to enable financial institutions to offer small and medium-size businesses enhanced digital-payment services. The partnership is expected to help financial institutions attract more smaller businesses as clients and strengthen existing relationships with such sellers by providing for …

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U.S. Bank Acquires Salucro and other Digital Transactions News briefs from 8/22/24

U.S. Bank has acquired Salucro Healthcare Solutions LLC, a 20-year-old provider of payments and billing technology for the health-care industry. Terms were not announced. The bank first invested in Salucro in 2022 and has sold its services through Elavon, the bank’s payments entity, as a product called MedEpay. Relay Payments, a …

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Flexa Components Debuts and other Digital Transactions News briefs from 8/16/24

Flexa, a digital-currency platform, has launched Flexa Components, a program aimed at easing wallet-based point-of-sale payments with cryptocurrencies. In related news, gift card platform Raise said it will accept cryptocurrency in its Raise App, used by 6 million consumers, according to the company. Payments-technology provider Sionic has launched a fraud-detection and mitigation service aimed …

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Sound Payments Makes Equinox Integration and other Digital Transactions News briefs from 7/23/24

Point-of-sale and payments software provider Sound Payments said it completed an integration with two Equinox Payments POS terminals in Sound’s Quantum Cloud platform. Blaze Solutions Inc., a provider of technology for cannabis sellers, has released new point-of-sale technology for that market, featuring a Web-based POS system and upgraded user interface. A startup …

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Why Dynamic Routing Has Become Essential for Online Retailing

Payment processing is vital to online retailers’ operations. A quick and easy checkout experience can be the difference between a completed sale and an abandoned shopping cart. That’s why, with its ability to optimize transaction paths in real time and provide a multitude of benefits, dynamic payment orchestration is critical …

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AmEx Outlines an Aggressive Plan for Expansion in Marketing

At more than $16 billion, revenue for American Express Co. hit an all-time high in the company’s June quarter, and now the travel-and-entertainment card giant is looking to ramp up marketing—radically. The company’s top brass said early Friday AmEx will pour $6 billion this year into selling consumers and businesses …

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Mastercard’s AI-Powered Shopping Muse Has Been Deployed by Michael Kors

Retailer Michael Kors is getting into the artificial intelligence-powered shopping recommendation business with the adoption of Shopping Muse, a recommendation engine from a Mastercard Inc. company. Developed by Dynamic Yield, a data-personalization platform Mastercard acquired from McDonald’s Corp. in 2022, Shopping Muse employs artificial intelligence to make recommendations and further …

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Human-Initiated Digital Attacks Rose 19% in 2023 While Account Takeover Remains Dominant

Account takeover, long the scourge of retailers and businesses, remained the top fraud type in 2023, according to the latest data from LexisNexis Risk Solutions. Released Wednesday, the “Confidence Amid Chaos” report found 28.7% percent of fraud in 2023 was third-party account takeover. That was followed by scams and bonus …

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Digital Transactions