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Payworks Raises $14.5M To Grow POS Technology

PYMNTS

Founded in 2012, Payworks offers a variety of omnichannel payment providers a next-generation payment gateway technology, operated in the cloud and provided in a Software-as-a-Service model. We believe that Payworks has both: a great team and an offering that can have real impact in the fast-changing world of card payments.”.

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The way we bank is radically changing too

Chris Skinner

Here are the key highlights: Over the past five years customers’ activity on banking apps rocketed by 354%, with apps now an increasingly popular way to access current accounts rising from 21% of access in 2012 to 61% by the start of 2017. Nearly two-thirds of cards are now contactless. There were 4.4

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The Future of Checks – Tales From The Crypt

South State Correspondent

After World War II, checks were the hot payment technology and helped fuel the boom that followed. The process was sped up by technology and legislation in the 70’s and 80’s so checks could be scanned and presented faster, but the process remained costly. Checking accounts in the U.S.

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 Ransomware Gains Traction, UK BEC Fraud Spikes

PYMNTS

Aided by technology – and emboldened by the rise of cryptocurrencies – fraudsters are stepping up ransomware campaigns. The threat actors realized they can amplify their impact by targeting specific companies such as managed service providers,” said Bennett. Kimberly Sponaugle, was charged by the U.S.

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Stop Working on Your App Immediately

Bank Innovation

Since 2012, it has been the fastest growing technology in banking. That’s the word out of Digital Banking 2016 here, where bankers outnumber entrepreneurs (but not vendors). The mobile banking app traces its roots to SMS banking back in 1999. But it comes with Read More.

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Sansan Lands VC For Business Networking Solution

PYMNTS

Japan-based business card management service Sansan has announced news of fresh venture capital in support of its solution which helps professionals with business information management and networking. The service launched in Japan in 2012. An announcement Monday (Aug. An announcement Monday (Aug.

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FICO Fights Prepaid Card Fraud with AI and Machine Learning

FICO

has become a prepaid card store, with rows and rows of gift and other prepaid debit cards on display. In April 2019 The Wall Street Journal reported , “The total amount loaded on general-use prepaid cards in the U.S. For a while now, it seems that every drugstore in the U.S. Our timing was right on.

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