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- The Dutch payments processor Adyen is considering an initial public offering in June that could value the company at between $7 billion and $11 billion, Reuters reported. Adyen, whose U.S. operation is based in San Francisco, recently won a contract to process transactions for eBay Inc., which will start moving volume over to the company later this year. As a privately held entity, Adyen is valued at $2.3 billion.
- In related news, Oracle Corp. announced it has awarded gold-level membership in its Oracle PartnerNetwork to Adyen.
- Ransomware attacks doubled in 2017, and ransom-demanding applications were found in 39% of malware-related cases examined by Verizon data-breach investigators, according to Verizon’s newly released 2018 Data Breach Investigations Report.
- The Fast Identity Online (FIDO) Alliance and the World Wide Web Consortium (W3C) announced that a W3C working group of more than 30-member organizations advanced FIDO’s proposed Web Authentication, or WebAuthn, standard for better online authentication to a precursor stage before final approval. Major browsers such as Microsoft’s Edge, Google’s Chrome, and Mozilla’s Firefox support WebAuthn, FIDO said.
- Payments fraud hit an all-time high last year, affecting 78% of organizations, according to the 2018 AFP Payments Fraud Survey from the Association for Financial Professionals, which surveyed almost 700 treasury and finance officials.
- Loan platform LendingPoint said it will accept loan payments via debit card. Later this year, it will enable borrowers to receive loan proceeds on their cards, as well. Processing is provided by TabaPay Inc.
- Investor’s Business Daily reported that a new Morgan Stanley report says only four of the top 500 online merchants accepted Bitcoin in the first quarter; 79% of the merchants accepted PayPal, followed by Amazon Pay, 12%; Visa Checkout, 8%, and Masterpass, 7%.
- Fleet-fueling payments provider WEX Inc. extended an agreement with fleet-services vendor Mike Albert Fleet Solutions.
- North American Bancard Holdings LLC appointed Zavida Mangaru executive vice president for product and marketing. Mangaru is a former executive with Total Merchant Services and Mastercard Inc.
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