As online shopping continues to stitch itself into consumer behavior, efforts to reduce chargebacks also advance. The latest is Riskified’s Auth Rate Enhance service that can pre-screen orders and provide more information for its customers to make a go-no-go decision on digital orders. Auth Rate Enhance, a component of Riskified’s …

Mastercard Inc. released Smart Subscriptions, a service to help issuers provide subscription-management tools to their cardholders. In related news, Recurly Inc., a subscription-services provider, released its consumer software subscription benchmark report. The Smart Subscriptions service builds on Mastercard’s Subscriptions Control product, released in 2023, to provide spend analysis, a way …

Consumer bill payments for the 10 most essential bills sum to $25,513 annually on average, according to new data from doxo inc., a bill-payments provider. Doxo’s “2024 U.S. Household Bill Pay Report” says that total corresponds to 34% of a consumer’s income spent across mortgage or rent, auto loans, utilities, …

CPI Card Group Inc. posted $444.5 million in net sales in 2023, a 7% decrease from 2022. The card and payments solutions provider saw an even larger drop during the fourth quarter, posting net sales of $102.9 million, a 19% year-over-year decrease. CPI attributed the declines to cautious consumer spending, …

Follet Higher Education, an educational service provider and omnichannel retailer, has selected GK Software SE as its cloud-based point-of-sale provider for its more than 1,000 college campus and online stores in the United States and Canada. Follet will deploy such apps as GK Software’s OmniPOS, which supports mobile POS, self-check-out, …

The big Montreal-based processor Nuvei Corp. has had a busy year since its headline acquisition early in 2023 of Atlanta-based Paya Holdings Inc., and late on Tuesday it disclosed how that activity has helped buoy its financial results. Nuvei, which was known until 2018 as Pivotal Payments, reported it processed …

Payment technology provider SpotOn Transact LLC looks to expand its footprint in the highly competitive business of restaurant payments with the introduction of SpotOn Marketing Assist, an app that automates email and social-media marketing campaigns for restaurants. The app—which integrates with Spot On’s SpotOn Restaurant POS, SpotOn Order, and SpotOn …

Zelle, the peer-to-peer payment network operated by Early Warning Services LLC, announced late Monday a 28% increase in transaction volume in 2023 and that the fourth quarter of 2023 was its single largest quarter based on volume since its launch in 2017. Overall, Zelle handled 2.9 billion transactions totaling $806 …

In its first earnings report since its split from the former NCR Corp., point-of-sale and digital-commerce technology provider NCR Voyix Corp. on Thursday said it added 14,000 sites to its platform in 2023. Atlanta-based NCR Voyix’s platform handles payments, business-management and marketing functions for retailers, restaurants, and banks, and the …

With money mule activity on the rise, Nacha, the governing body for the automated clearing house network, has released an infographic to educate consumers about unwittingly becoming money mules. Money mules help criminals launder money from online scams, fraud or crime, such as human and drug trafficking, unknowingly or knowingly. …