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- Visa Inc. announced three technologies leveraging artificial intelligence and aimed at controlling fraud risk, including Visa Deep Authorization, real-time account-to-account payment protection, and extension of Visa Advanced Authorization and Visa Risk Manager to non-Visa card transactions. The services are expected to launch by mid-year.
- Cantaloupe Inc., a specialist in payments for vending and unattended markets, said its client Pee Dee Food Service has completed a conversion of all of its 90 micro market kiosks to Cantaloupe’s platform.
- Digital River, a technology provider for e-commerce, launched eCompass, which the company says leverages transaction data collected from 150 million consumers around the world to support business decisions by merchants.
- Jane Technologies Inc., an e-commerce platform for cannabis dispensaries, launched Jane Gold, a cash-back rewards program for consumers.
- Rediker Software launched Finacs Student Billing, a payments platform featuring online acceptance and other features for K-12 private and independent schools.
- Cards are declining as a payment method for e-commerce transactions, with consumers favoring local payment methods, according to a study of 10,500 consumers in 37 global markets sponsored by payments provider Boku Inc. Cards accounted for 30% of e-commerce transaction value in these markets last year, a share the study predicts will shrink to 20% by 2028.
- The U.S. Department of Justice’s antitrust lawsuit alleging Apple Inc. maintains a monopolistic hold on the smart-phone market, filed last week, includes allegations that Apple excludes digital wallets that compete with Apple Wallet and places restrictions on developers’ access to the iPhone’s near-field communication chip for contactless payments.
- Gen Z tax filers are more likely than older generations to use alternative payment methods and credit cards to make tax payments, according to a report from processor ACI Worldwide, with 10% preferring the former and 17% the latter.
- Roger Alexander has been named an advisor to the board and to the chief executive at Chargebacks911, a provider of technology aimed at preventing chargebacks. Alexander formerly has served in executive roles at Barclays and Elavon Merchant Services Europe, and was chief executive at Switch, a UK debit card program.
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