Machine Learning+Digital Identities to Eliminate Online Payment Fraud

As online fraud evolves at an ever-increasing pace, merchants need new ways to mitigate risk. Signifyd’s use of the ThreatMetrix Digital Identity Network in its Guaranteed Payments solution allows merchants to aggressively grow their business and accept more legitimate customers without risk. Through the partnership, Signifyd will leverage the ThreatMetrix Digital Identity Network to further…

Machine Learning Database Security+Privileged Acct Activity Monitoring

The industry’s first agentless database activity monitoring (DAM) solution based on artificial intelligence has arrived. DB Networks is combining its DBN-6300 database monitoring and security technology with the CyberArk Privileged Account Security Solution to strengthen organizations’ overall security posture with a next-generation DAM solution. Now, DAM customers can achieve compliance monitoring and database security without…

Hawk Direct Enables Merchants to Manage Their Own B2B/B2C Gift Cards

Blackhawk Network has launched Hawk Commerce, a comprehensive, single source B2B and B2C solution for expanding, distributing and managing gift cards and egifts. At HawkCommerce.com, merchants now have one location where they can easily learn about many of Blackhawk’s solutions and request a demonstration. The launch of Hawk Commerce also introduces Hawk Direct, a digital…

USAT Nails Major Contract to Upgrade Vending Machines w/ePort Connect

USA Technologies has inked a deal with Ten M to upgrade 1,000 of the company’s vending machines to its ePort Connect cashless payment system, enabling the company to track the acceptance of cash, credit/debit cards, and contactless payments, including mobile wallet payments such as Android Pay and Apple Pay. With the ubiquity of the mobile phone,…

Connected Vending Machines to Grow CAGR 17% to 24MM by 2021

Vending is quickly adapting to keep pace with evolving technologies, refurbishing used vending machines into digitized versions that include touchscreens, sensor technologies, and flexible payment methods. Coca-Cola, PepsiCo, and VE Global Vending look to expand distribution offerings and connect their machines to the Internet to increase operational efficiencies. The newly connected machines will allow operators…

Chase YTD 2016 Merchant Processing Volume Explodes Beyond $1T

Chase crossed the $1 trillion mark in year-to-date merchant processing volume, a first in the firm’s history on December 11th at 11:06 p.m. eastern time. In 2014 the firm launched ChaseNet, a proprietary closed-loop network, and Chase Pay, the firm’s digital wallet, launched in November 2016. Merchant processing volume at the firm has grown annually…

Automated Loyalty, Feedback & Marketing Solution Ready For Primetime in 2017

Silicon Valley Thanx, a loyalty specialist, has nailed $17.1M Series B financing. The financing led by Icon Ventures and Series A investor Sequoia Capital, with participation from Javelin Venture Partners.  Unique in the retail IT market, Thanx eliminates the technical burden of hardware or on-site integrations which have previously made it difficult for brick-and-mortar merchants to…

YapStone Ankles a Former BAMS & Merchant eSolutions Exec as CRO

San Francisco-based YapStone has ankled Michael Gramz for its management team, as Chief Risk Officer. In his role, Gramz will focus on delivering innovative risk management products and services to support YapStone’s partners and customers. Prior to YapStone, Gramz was the Chief Risk Officer and Board Director at Merchant eSolutions, the U.S. processing division of…

FIS and VC FinTech on the Prowl for More Financial Services Disruption

The Venture Center and FIS have teamed for the Global VC FinTech Accelerator Program. Applications are now being accepted through February 5, 2017, at 11:59 p.m. CST. Entrepreneurs who are poised to disrupt financial services should apply. In addition to working with early stage companies in core banking, payments, mobile, and fraud & security, VC…