Buy now, pay later specialist Affirm Inc. has agreed to offer financing options to customers using ArcBest’s U-Pack moving company. Weave, a provider of payments and management software to medical practices, introduced Call Intelligence, technology based on artificial intelligence and aimed at analyzing data from patient calls. Payments processor HubSpot Inc. said it agreed …
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Eye on Fraud: AI’s Looming Role This Holiday Season; Trulioo’s New Anti-Fraud Tool
With just 52 days until the traditional start of the holiday shopping season post-Thanksgiving, consumers and criminals are gearing up for a busy period. A new report from ACI Worldwide Inc. forecasts that synthetic-identity fraud and artificial-intelligence use will be a big lump of coal for merchants. Meanwhile, identity platform …
Read More »Paysafe’s Latest GIG of Holiday Gift Budgets and other Digital Transactions News briefs from 10/7/24
Paysafe Ltd. will process transactions for clients of Gaming Innovation Group in North America, the United Kingdom, continental Europe, and Latin America that have adopted Gaming Innovations’ CoreX player-account management system. Silverblaze, a developer of customer-engagement software for utility companies, will adopt billing and payment technology from Kubra and has joined …
Read More »The Cleveland Browns Team Up With Aramark; ParTech Rolls Out a New Platform For Restaurants
The Cleveland Browns of the National Football League are expanding their grab-and-go technology to food-and-beverage concessions throughout Huntington Bank Field, the team’s home stadium. The new service, called Express Access, will be available at 12 locations within the stadium, enabling consumers to place orders across the entire facility. Since 2023, …
Read More »PayPal Updates Its User Agreement to Collect More Personalized Information
Beginning next summer, PayPal Holdings Inc. will begin sharing more personalized shopper information with merchants, as outlined in its recently updated PayPal Privacy Statement. Data such as products, preferences, sizes, and styles will be shared with merchants to “help improve your shopping experience and make it more personalized for you,” …
Read More »Merchants: Control Your Payments Destiny
Tokenization is the key to reducing the risks posed by an ever-rising flood of data breaches. Mastercard recently unveiled plans to eliminate manual card entry for online transactions in Europe by 2030, marking another milestone for tokenization in payment processes. This change aims to not only bolster payment security, but …
Read More »Unlock the Power of AI with Payarc
In today’s rapidly evolving financial landscape, integrating artificial intelligence (AI) is essential. The FinTech industry has seen dramatic changes, spurred by digitalization and the COVID-19 pandemic. At Payarc, we recognize the critical role AI plays in transforming payment processing, enhancing security, and driving growth. Let’s explore how AI can …
Read More »PrePass Marks Integration and other Digital Transactions News briefs from 9/30/24
PrePass, a platform for highway toll payments, said its services can be accessed via an integration with the Motive Marketplace, a platform featuring artificial-intelligence capabilities. A survey of 2,600 consumers in the U.S. market and in seven other countries revealed 61% have cut back on using digital payments or otherwise changed their …
Read More »Visa Snags Featurespace and other Digital Transactions News briefs from 9/26/24
Visa Inc. has agreed to buy Featurespace, a United Kingdom-based developer of anti-fraud technology incorporating artificial intelligence. The deal is expected to close in the first half of next year. Terms were not announced. Payments provider Adyen NV launched the SFO1, a multimedia countertop terminal, its first such proprietary multimedia device, it says. …
Read More »Payments Rank High on Community Banks’ To-Do Lists
Against a backdrop of continuing industry consolidation, community banks see digital payments as a key competitive weapon, according to newly released survey data from Bank of New York Mellon Corp. “Nearly 30% of those polled indicated that launching new technology services focused on efficiency and security, such as instant payments, …
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