Evolve B&T Data Breach
Among more than 150 clients and partners of Evolve are Affirm, Airwallex, Bond (a unit of FIS), i2c, Lithic, Marqeta, Melio, Mercury, Paystand, Stripe, TabaPay and Wise. Evolve is a principal member of Visa and Mastercard.
Area of Interest: Fraud Fighting and Security
Accertify Separates from American Express
Last year, Accertify handled 7.60 billion events on its platform. The vast majority were card payments, but fraud protection also covers money transfers and redemption of loyalty points.
Telecom Data for Fraud Fighting from Iconectiv
Iconectiv maintains routing data on phones in more than 100 countries and can be used by businesses in those markets or when entering a new market. The company also provides clients with the information they need to comply with telecom regulations in all markets.
Quantum-Safe Cryptography Group in Asia
The working group is focused on maintaining the integrity of payment systems in a post-quantum world, including governance and security matters that will be impacted by the intersection of AI, quantum computing and real-time settlement.
Mastercard’s Scam Protect
Scam Protect’s machine learning and AI are used to identify the signals of a victim who is being defrauded using device intelligence and behavioral biometrics. Those signals could include hesitation while typing on a website or in an app— sometimes because the victim is being coached over the phone by a criminal.
VantageScore Gains New Patents for Credit Scoring
Financial institutions, credit card issuers, auto lenders, fintechs and others in the US used VantageScore credit scores 27.00 billion times in 2023, up 42% over 2022.
Mobey Forum’s Digital Wallet Expert Group Report
Open banking will present opportunities for wallets to become hubs not only for payments but for all kinds of financial transactions.
Small Business Credit Score Automation from Worth AI
Credit card issuers can use Worth AI to assess their exposure to losses from cardholders in their existing portfolios as well as to identify businesses that are candidates for credit line increases.
Biometric Payments with Digital Identity Management
Visa has become a partner and will work with Tech5 in building programs for governments.
VGS Payment Tokenization
When a merchant tokenizes sensitive data, the financial risk associated with a data breach is significantly reduced.
