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First Data Places Bigger Bets on Gambling Establishments
First Data is making a push into offline and online gambling payments processing, providing new services that cover a riskier set of transactions than those it already handles for businesses that operate casinos.
Jonathan O'Connor, general manager of alternative markets at First Data.
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Machine-learning fraud detection, which self-updates to adapt to fraud trends, is growing in popularity but hasn't rendered hands-on methods obsolete. more »
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ProPay, a division of the payment processor Total System Services (TSYS), will provide ControlScan's data security compliance tools to small businesses. more »
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As the U.S. shifts to EMV-chip cards to improve security at the point of sale, fraud will move online, and ACI Worldwide is preparing for that challenge. The payment technology company's $205 million purchase of ReD will help it close up vulnerabilities in card-not-present transactions. more »
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Wells Fargo's process of establishing new cross-border remittance corridors creates a vital network effect, helping the bank withstand the country-specific problems that are driving rivals out of the business. more »
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Half of all frequent credit card users are unbothered, or feel relieved, when a legitimate transaction is blocked, a new study found. The results show that cardholders are appreciative that banks are becoming more vigilant about fraud. more »
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Digital coupon company Savor has extended the reach of its mobile shopping app, and plans to add Bluetooth beacons and card-linked offers to bring deals to consumers while they are in a store. more »
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Visa Inc.'s CyberSource will provide its fraud management services to the travel industry through a partnership with Amadeus. more »
Uri Rivner, co-founder and vice president of business development and cyber strategy, BioCatch
The way in which customers navigate e-commerce and online banking sites provides analytics that could ultimately help secure their accounts. more »
Steven Pellizzer, CFO, WePay
WePay has hired digital payments expert Steven Pellizzer to serve as CFO as the company strengthens its international ambitions. more »
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Document capture company Parascript and data manager Bull are looking for mistakes on checks in Brazil, a market in which payments fraud can be particularly complex and vexing for banks. more »
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Mobile commerce provider Spindle has named a new vice president for its affiliate marketing program. more »
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Wallaby Financial and CreditCards.com are offering a new Web app that recommends payment cards and rewards programs based partly in how consumers make payments. more »

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