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Visa Preps for a Surge in Traffic as Card and Digital Payments Grow
Nearly 20 years ago, Visa executives celebrated a milestone for the card brand's global VisaNet payments network. The system could finally handle 1,000 transaction messages per second.
Manny Trillo, Visa's senior vice president of network processing.
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By adding data analytics to its Square Register platform, Square Inc. says it is giving merchants of all sizes the kind of tools that larger retailers use to increase sales. more »
Eido Gal, co-founder and CEO of Riskified
Riskified is halving its fees for its Shop Protection service, which guarantees against chargebacks but requires merchants to let Riskified fully control which sales go through and which get blocked. more »
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Payment technology company ACI Worldwide has completed its $205 million purchase of the security vendor Retail Decisions Plc (ReD). more »
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First Data and LocalVox are joining forces to provide a marketing technology platform for small and medium-sized businesses. more »
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Visa has launched a new service called Visa Transaction Advisor, which is designed to help U.S. gas stations identify higher-risk credit and debit card transactions at the pump. more »
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Feedzai is launching new apps to enable the more than 150,000 online retailers using Shopify and Bigcommerce to protect their stores from cyber-criminals with machine-learning fraud detection software. more »
Jonathan O'Connor, general manager of alternative markets at First Data.
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. more »
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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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