News

Security & Fraud
FTC Sending $610,000 in Refunds to Tech Support Scam Victims
February 08, 2024

The Federal Trade Commission (FTC) has begun sending refunds to consumers who lost money in a tech support scam facilitated by payment processor Nexway. This move follows a settlement announced in April, the agency said in a Thursday (Feb. 8) press release. “The defendants agreed to a settlement with...

Investments
Attentive.ai Raises $7 Million For Construction-Focused AI Tool
February 08, 2024

Construction/landscaping software startup Attentive.ai has raised $7 million to expand to new businesses. CEO Shiva Dhawan announced the Series A round, led by Vertex Ventures Southeast Asia and India, in a LinkedIn post on Wednesday (Feb. 7). According to a Thursday (Feb. 8) report by TechCrunch, the Delaware-based...

Payment Methods
AppTech Integrates Its Commerse Payments Platform With Newly-Acquired FinZeo
February 08, 2024

FinTech company AppTech integrated its Commerse product and its newly-acquired FinZeo platform. Commerse is a portal that lets independent sales organizations and independent software vendors drive secure, scalable payments, digital banking and merchant services from a unified stack, according to a Thursday (Feb. 8) news...

Retail
Bravada Launches Women’s Fashion eCommerce Site Promising Fast Domestic Shipping
February 08, 2024

Bravada International has launched a new eCommerce site focused on offering a full range of women’s fashion products and accessories. The new ThriftyBox.Shop joins several other sites owned, developed and operated by Bravada International and served by its Los Angeles warehouse, the company said in...

Payment Methods
PayPal Explores Offline Payments as DMA Looms
February 08, 2024

Is PayPal getting ready to offer “offline” payments? The company seems to be indicating a move in that direction as new European Union regulations go into effect for its partner Apple, per a report Thursday (Feb. 8) by TechCrunch.  As that report noted, the coming Digital Markets Act (DMA)...

Banking
FIS Debuts Interoperable Platform for Sharing Bank Data
February 08, 2024

FIS has debuted a platform that lets its clients’ customers share banking data. The Florida-based global FinTech has signed agreements with data networks Akoya, Envestnet, Yodlee, MX and Plaid to integrate into the FIS Open Access platform, the company said in a Thursday (Feb. 8) news release. This open banking platform, the release...

Regulation
FCC Outlaws Use of AI-Generated Voices in Robocalls
February 08, 2024

The Federal Communications Commission (FCC) has made it illegal to use artificial intelligence (AI)-generated voices in robocalls. This ruling will give state attorneys general another tool to use against voice cloning scams, as they can prosecute bad actors for not only the scam but also...

Retail
Hy-Vee Integrates Instacart Fulfillment-as-a-Service Into Websites, Apps
February 08, 2024

Supermarket chain Hy-Vee has integrated Instacart Fulfillment-as-a-Service (FaaS) into its owned and operated websites and apps.  This move expands an existing partnership formed in 2018 in which Hy-Vee enabled its customers to access same-day delivery through the Instacart app, the companies said in a Thursday (Feb. 8) press release. ...

Artificial Intelligence
Finding Humanity in Digital Transactions: How AI Helps Boost Payment Authorizations
February 08, 2024

In today’s increasingly digital payments landscape, being human is important. The contextual and behavioral cues that power payment anomaly detection models have become focal points in the ongoing fight against fraudulent activities, particularly as bad actors turn to tools like generative artificial intelligence to scale...