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Eye on Bitcoin: Marathon, Brink Partner To Raise Money for Bitcoin Developers; Jack Dorsey Invests in Azteco

Marathon Digital Holdings Inc., a digital-asset company that supports the Bitcoin ecosystem, is teaming up with Brink Technology to raise $1 million to support Bitcoin Core developers that maintain the Bitcoin protocol. Brink Technology works to strengthen the Bitcoin protocol and network. The Bitcoin protocol enables Bitcoin to function as …

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Galileo Will Sell Its Apps on Amazon’s AWS Marketplace

Galileo Financial Technologies LLC has reached an agreement with Amazon.com to make its platform available to buyers on Amazon’s AWS Marketplace. AWS marketplace is a digital catalog that features software listings from independent software vendors. Businesses use it to find software that runs on Amazon Web Services (AWS), a unit …

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Lightspeed Touts Results As It Tightens Its Focus on Restaurants

Few, if any, business sectors are as hotly competitive these days for payments providers as hospitality, and in particular, restaurants. Major firms from Block Inc.’s Square unit to Toast Inc. to Shift4 Payments Inc. have big stakes in this market. But that hasn’t stopped one other entrant, Lightspeed Commerce Inc., …

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Eye on Cybercrime: Apple Tackles App Store Fraud; No Slowdown for ID Theft

Cybercrime remains a scourge difficult to tame, according to data from Apple Inc., the Identity Theft Resource Center, and LexisNexis Risk Solutions. Apple Inc. late Tuesday revealed it stopped more than $2 billion in fraudulent transactions in its app store in 2022. In addition, the technology giant blocked nearly 3.9 …

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Engage’s Transaction Twist And Other Digital Transactions News briefs from 5/17/23

A startup fintech called Engage has launched a communication channel allowing customers and merchants to interact via purchase transactions through card networks. In the hotly contested hospitality point-of-sale market, Lightspeed Commerce Inc. launched the newest version of its Lightspeed Restaurant set of technologies, which is immediately available in the U.S. market. Security firm Sophos said it …

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Square Launches Square KDS in a Move to Gain More Restaurant POS

Square, the point-of-sale and e-commerce unit of Block Inc., is the latest technology provider to turn up the heat in the already hotly competitive restaurant POS market. It announced Tuesday the launch of Square KDS, a kitchen-display system on the Android operating platform, and the debut of Square for Franchises, …

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As FedNow Gears up for Launch, Processors Ready Smaller Clients

Jack Henry & Associates Inc., one of the earliest participants in the Federal Reserve’s nascent FedNow real-time payments platform, said early Monday it is “operationally ready” to support the service when it launches commercially in July. The Monett, Mo.-based processor said more than 20 client institutions are set to connect …

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Eye on BNPL: Capchase Brings BNPL to SaaS Developers and Affirm’s Loss Broadens

Capchase, which provides funding to software-as-a-service companies without requiring them to give up an ownership stake, has launched a buy now, pay later financing option that allows SaaS vendors to collect the full contract value for their applications while providing customers with flexible payment terms. Capchase developed the BNPL payment …

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Mid-Market Specialists in Small And Medium Merchants Report Quarterly Gains

Mid-size payments processors have contended with a pandemic, a sharply rising cost of funds, and pronounced inflation over the past few years, but that hasn’t stopped them from capturing volume, particularly from the small and medium-size merchants that have long been their specialty. In results reported early Thursday, Alpharetta, Ga.-based …

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28% of the Rising Volume of Phishing Attacks Target the Financial Sector

It’s a laurel, of sorts, that financial firms would like to rebuff. They sustained the largest share of phishing attacks in the fourth quarter, accounting for 27.7% of all attacks, followed by the broad “other” category at 18.2%, and webmail, software-as-a-service at 17.7%. That’s according to the Phishing Activity Trends …

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Digital Transactions