Sunday , September 29, 2024

Search Results for: account verification

P97 Networks Taps Visa’s Token Technology For In-Car Payments

P97 Networks, a provider of cloud-based mobile-commerce technology to convenience stores, gas stations, and the automotive industry, is teaming with Visa Inc. to deploy Visa’s token technology as a way to reduce friction with in-car payments, as well as create new customer experiences for mobile-wallet users. P97 will use Visa’s …

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Airwallex Enlists Plaid in an Effort to Streamline ACH Transactions for Its Merchants

Airwallex, an Australia-based fintech, has partnered with Plaid Inc. to enable merchants in the United States to streamline transactions initiated through the automated clearing house. Airwallex merchants can leverage Plaid’s open-banking technology to authorize adding funds to their Airwallex wallet from an external bank account or to accept payments from …

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Plaid Rolls Out Signal to Unlock Instant ACH Transactions And Attack Return Risk

Looking to speed payments through the automated clearing house while reducing risk, Plaid Inc. announced late Thursday the rollout of Signal, a machine-learning risk engine. Plaid has been piloting Signal for more than a year with select customers that generate high ACH volumes. To accelerate ACH transactions and make them …

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Orum Makes MX Tie-in And Other Digital Transactions News briefs from 11/2/22

The payments platform Orum said it will rely on account-verification technology from open-banking provider MX Technologies Inc. to offer money-transfer capability targeted at fintechs.Checkout-free shopping provider Grabango said its in-store contactless checkout service is available at a Chevron U.S.A. Inc. location in California.Bluefin Payment Systems acquired TECS Payment Systems, an Austria-based omnichannel payments provider. Terms were not …

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BNY Mellon Launches Vaia, a Multi-Faceted Platform That Includes Real-Time Payments

BNY Mellon announced early Monday it has launched a payments platform called Vaia, which allows clients to offer real-time payments, same-day automated clearing house transfers, tokenized payments, debit cards, and payments through the Zelle peer-to-peer payments network. The nation’s 10th-largest bank by assets said the panoply of payments capabilities can …

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Signifyd Tackles Authorization And Other Digital Transactions News briefs from 10/21/22

Fraud prevention services provider Signifyd launched Fearless Payments, a suite of services to help payment service providers increase authorization rates. Among its features are automated risk decisions, authorization rate optimization, and chargeback guarantees on all approved orders.Diebold Nixdorf Inc. announced it will integrate fraud-prevention technology from Featurespace into its Vynamic payments-processing platform.CSG Forte, …

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Beware ‘Michael Smith’: Synthetic Fraud Loss to Nearly Double by 2024

The online shopper going by “Michael Smith,” who lives in Houston, may not be a living, breathing consumer, according to new research from Socure, a digital identity verification provider. This consumer, with seemingly valid credentials, may be a synthetic identity meant to defraud merchants. So-called synthetic fraud, already accounting for …

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As Consumers Return to In-Store Shopping, Fraudsters Follow

It’s a fact of the payments world that fraudsters are adept at watching and following consumer behavior to maintain their criminal revenue flow. Just as consumers have returned to shopping in stores, criminals have returned to the point-of-sale, albeit without neglecting their online activities. That’s the summation from Visa Inc., …

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SWIFT Completes CBDC Tests And Other Digital Transactions News briefs from 9/20/22

The SWIFT international payments network announced two tests it has completed have shown that central bank digital currencies and other tokenized assets can be handled without incident on existing processing technology.In related news, the fintech CryptoBucks said its CrytoBucks Wallet is available for download from the App Store and Google Play. The wallet allows …

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Dwolla And MX Aim at a Broader Approach to Open Banking

The open-banking platform MX Technologies Inc. has become the latest partner in Dwolla Inc.’s Secure Exchange solution. Through the partnership, which builds on the two companies’ existing relationship, digital-payments fintech Dwolla will be able to offer clients and reseller partners it has in common with MX access to account-verification services …

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Digital Transactions