BuyerDocs has been formed to secure wires for down payments made by home buyers from hacking, phishing, imposters, and spoofing. Wire fraud plundered approximately $1 billion from the real-estate industry in 2017, the company says. The Smart Payment Association and payment card manufacturer CPI Card Group Inc. announced that CPI …

The Accredited Standards Committee X9 Inc. and the PCI Security Standards Council announced they will jointly develop a unified PIN-security standard. Currently each organization maintains a separate standard for PIN use, which could result in an entity being subject to one or both of the existing standards. The joint effort …

More sales on its commerce platform and more payment-processing business from its merchants translated into a 71% revenue increase for Shopify Inc. in the fourth quarter. And the big merchant acquirer Global Payments Inc. reported Thursday that its North American revenues grew 9% in the quarter. Ottawa, Ontario-based Shopify, which …

Currencycloud, an international payments platform based in the United Kingdom, has hired a U.S. general manager in a push to capture more cross-border payments volume from U.S. merchants. Currencycloud announced Richard Arundel as the general manager of Currencycloud North America. Arundel, a co-founder of Currencycloud, spent the past two years …

Last year, the Federal Reserve set a goal of having ubiquitous faster payments available in the United States by 2020, and now the first estimates are emerging of just how much dollar volume will flow across systems already in place and in progress. The total will come to $650 billion …

Online and mobile offers provider Groupon Inc. reported Wednesday that 2.7 million Visa and Mastercard card holders are using its new Groupon+ service to get discounts at restaurants without presenting a voucher. And wire-transfer provider The Western Union Co. says its online consumer-to-consumer payment transactions rose 22% in the fourth …

Mobile-authentication technology provider Payfone Inc. has raised another $23 million in a new funding round that included retail card payment services provider Synchrony Financial. The exact investment from Synchrony Ventures, Synchrony Financial’s venture-capital arm, wasn’t disclosed in Tuesday’s announcement. An undisclosed institutional investor led the funding round. In addition to …

A Boston-based startup on Tuesday announced a service that lets holders of E-ZPass transponders pay for such things as car washes, gasoline, and drive-through items from their cars. Under an agreement with the E-ZPass Group, Verdeva Inc.’s PayByCar service will start a pilot program that lets users create an account …

Fresquez Companies, operator of nine restaurants at the Albuquerque International Sunport airport, announced it is replacing its vending machines with unattended kiosks for food and other products that use weight-sensing shelves from ShelfX Inc. to determine a consumer’s product selection. Consumers swipe a payment card to unlock the kiosk. Payment …

As the new year eases well into its second month, here are five important technology developments that will shake up key payments markets in 2018. B2B payments will finally go digital Perhaps further behind in the fintech curve than they should be are business-to-business payments. This is often attributed to …