Until the early years of the 20th century the world was modeled as a Rube Goldberg contraption, where a series of levers, handles, belts, and wheels create a long sequence of well-anticipated actions. Quantum trashed this model and replaced it with cosmic dice. The claim of quantum physics is that …

Continuing its strategy of enabling application developers to connect to its platform faster, Dwolla Inc. on Tuesday announced the addition of two new drop-in components. The first new component, called Create Beneficial Owners, enables developers to streamline the collection of information required by payments companies for verification of the accounts …

Legal cannabis sales have become a fast-growing market for electronic payments. Processors can credit the Covid-19 pandemic with helping move the needle. Just like their counterparts in other merchant segments, legal cannabis merchants found themselves scrambling to embrace contactless payments options in the wake of Covid-19. Over the past 16 …

Building on what it says is its strategy to make electronic bill payment simpler and more accessible to consumers, doxo Inc. is offering consumers a bill-payment service that avoids fees.  The Seattle-based provider of digital billing and payment services says it is bypassing the transaction fees some billers, such as …

Phishing attacks are nothing new, but their frequency has been on the rise the past year for one simple reason: they work. How can they be defeated? There are numerous ways criminals can breach a company’s network. Yet one of the most time-tested and popular forms of attack remains phishing. …

You wouldn’t always know it, listening to the top executives at Visa and Mastercard, but these two rival networks are still chiefly card networks. Thursday morning, Mastercard Inc. laid out for equity analysts an update on what it has called its “multirail strategy,” major moves into account-to-account money transfers, real-time payments, …

Individual hackers, organized cyber criminals, and spying nations are all part of a colossal drive to exploit recent developments in artificial intelligence. Why? To create an alternative universe populated by fake characters that are indistinguishable from real human beings with a real name, a real face, and a real bank …

Seeking to reduce merchant-account fraud, also known as merchant bust-out fraud, and provide merchants with a way to authenticate consumers, payments-technology provider On The Fly POS is adding Ipsidy Inc.’s Identity as a Service (IDaaS) biometric identity-verification technology to its platform. Ipsidy’s app validates a merchant’s identity by comparing a …

By linking directly to UnionPay’s SecurePlus two-factor authentication application, digital-commerce platform provider Merchant e-Solutions Inc. expects to significantly reduce decline rates for UnionPay debit card transactions in the United States.  Decline rates are an especially nettlesome issue for UnionPay debit card holders, who account for about 60% of UnionPay’s 9 …

Amazon’s latest technology has the contactless trend on its side, but experts question its mainstream usefulness. Amazon.com Inc.’s culture is rooted in three primary principles: Don’t be afraid to take risks; find new ways to engage with customers; and imagine what consumers want before they do. Those principles have helped …