Boost Payment Solutions Inc., an acquirer for commercial card transactions, said it is collaborating with JPMorgan Chase & Co. to process payments and automate delivery for Chase’s Single Use Card Accounts and other commercial cards.Cardlytics Inc., which derives marketing intelligence from purchase data, reported a 116% year-over-year increase in monthly …

USA Technologies Inc. said a solicitation from Hudson Executive Capital LP, the unattended payments provider’s largest shareholder, to call a special shareholder meeting is invalid under the company’s bylaws. HEC wants to take control of USA Technologies’ board of directors with its own slate of director nominees.The Singles Day shopping event on …

Finance departments contain many functions that don’t always work together as well as they should. That’s especially true of Accounts Payable and Treasury. You’d think they’d work more effectively together as teams that both control the flow of funds for an organization, but in my experience, that’s rare. That lack …

Fueled by such scams as business email compromise, phishing frauds are staging a dramatic comeback. The total number of attacks reached 266,387 in the third quarter, according to the latest report from the Anti-Phishing Working Group, a security-industry organization that tracks the crime. That’s the highest level of phishing activity …

On the one hand, fraud losses continue a seemingly inexorable rise. On the other, there are positive steps businesses can take to mitigate those losses. Earlier this year, the AFP (the Association for Financial Professionals) published its annual “Payments Fraud and Control Survey,” which looks at trends in business-payments fraud …

While much attention in the payments industry in recent months has focused on EMVCo’s Secure Remote Commerce (SRC) specification, another e-commerce spec from the standards body could be receiving some tweaks. These possible initiatives, which concern the EMV 3-D Secure specifications, include a way of adding users’ travel data to …

Owners of small- and medium-size businesses (SMBs) generally have a negative outlook on the payments industry, and for good reason. The merchant-services world, in particular, has an ugly track record, including lackluster customer support, not to mention misleading sales practices that lead to costly processing rates, hidden fees, and burdensome …

Days after Nxgen and Payscape announced they were merging with a third payments provider, BluePay Canada, the new entity said it has agreed to combine with a fourth company, Payroc LLC, and adopt the Payroc name. James Oberman, Payroc’s chief executive, will serve as CEO of the merged entity.Discover Financial Services said it now …

Fiserv Inc. said its Clover point-of-sale system is in use throughout Fiserv Forum, a Milwaukee arena that is home to the Milwaukee Bucks NBA team. Fiserv said more than 25 large stadiums and arenas use Clover. In 2018, Clover processed more than $70 billion in payment volume.Evolve Bank & Trust said it …

Payments typically flow from consumer to merchant, but in the case of merchandise returns, they flow the other way, and it turns out returns are an almost universal experience these days. That’s putting pressure on merchants to streamline the returns process and find ways to deal with consumer sensitivity about …