Payments News
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On The Web

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Security

Credit Union Provider CULedger Goes Live With Blockchain Identity

“Initially launched as a blockchain consortium of U.S. credit unions, CULedger later became a credit union service organization (CUSO). Last year, the firm raised $10 million in Series A funding.  MemberPass is the rebranded version of CULedger’s flagship product MyCUID , the KYC-backed digital identity solution. It enables members to control their identity and securely […]
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Security

Keeping Merchants PCI-Compliant Is Becoming Tougher, Survey Finds

“Independent sales organizations are increasing their use of non-compliance fees for merchants that don’t adhere to PCI Security Standards Council requirements, with 23% of ISOs surveyed for the ControlScan/MAC 2020 Acquiring Trends Report saying they assess these fees. That’s up from the historic range of 17% to 18%. The report, released Tuesday, is based on […]
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Deals

Bill Gates Backs Crest Fintech Security Scheme for Africa and Asia

“Cyber security accreditation and certification non-profit Crest has been awarded a grant of $1.4m (£1m/€1.2m) by the Bill and Melinda Gates Foundation to help increase cyber security capacity in African and Asian markets and provide safe and secure access to digital financial services for the unbanked.”
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Security

Fintech Company Survived Ransomware Attack Without Paying Ransom

“As the malware quickly spread, locking up server after server, Finastra’s information security team evaluated its dwindling options before settling on the nuclear one: The company pulled all potentially infected servers offline. First, hundreds, then thousands, came down. The attack ground to a halt—as did critical parts of Finastra’s business. In an instant, services for […]
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Security

This Startup Is Helping Local Stores ID Customers During COVID-19

“Pure play ecommerce outlets have spent years developing systems to manage transactions and verify customer identities, but most retailers on Main Street are accustomed to seeing shoppers in person and visually checking IDs. A San Francisco-based startup called Persona is offering to help those local businesses adapt by giving away its online ID verification service […]

On The Wires

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Security

Kount Unveils Identity Trust Global Network With New Adaptive AI Technology, Largest Data Network of Trust and Fraud Signals, and User Experience Engine

“Kount , the leading AI-driven fraud prevention solution, today unveiled its Identity Trust Global Network, flipping the script on fraud management from just blocking bad transactions to empowering organizations to unlock previously untapped revenue streams through delivering personalized user experiences. Identity Trust is the ability to establish a real-time level of trust for each identity […]
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Security

Accuity Acquires Apply Financial to Provide Real-Time Straight Through Processing and Account Validation Payment Solutions

“Accuity, a leading global provider of financial crime screening, payments, and know your customer (KYC) solutions, and part of RELX, announced today that it has acquired Apply Financial Limited (Apply Financial). The acquisition supports Accuity’s strategy of providing banks, corporates, non-banking financial institutions (NBFIs), and fintechs with global and domestic payment and account validation solutions […]