Visa, a leader in global payments, has announced that its groundbreaking Scam Disruption Practice has identified over $1 billion in fraud attempts since its inception just a year ago – and over $260 million in Europe alone. Working with clients and law enforcement teams around the world, the unit has dismantled more than 25,000 scam merchants.
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Klarna, the global digital bank and flexible payments provider, and Google Cloud announced today a strategic, AI-first partnership to accelerate innovation, creativity, and customer-centric products to Klarna's more than 114 million consumers worldwide.
Through this collaboration, Klarna will leverage Google Cloud's complete AI stack, from infrastructure, to platform, to models, to accelerate the development of innovative, consumer-centric products and creative campaigns.
Nuvei Corporation today announces its partnership with Volkswagen Brazil to launch a comprehensive payment solution for connected vehicles in Brazil. This collaboration enables Volkswagen to offer subscription-based connectivity services through an integrated app in the VW Play Connect multimedia system, which debuted in the New Nivus in 2024 and is already available for the New T-Cross and New Tera in 2025.
The payments industry has spent decades waging war on fraud. But according to Chargebacks911, a global leader in dispute resolution and chargeback prevention, data shows merchants are losing more money and goodwill to false declines than to fraud itself. The findings, drawn from the company’s Cardholder Dispute Index and Chargeback Stats, highlight how blunt fraud filters are quietly eroding revenue, trust, and loyalty at a staggering rate.
Happy Money, a leading consumer finance company dedicated to empowering individuals through responsible lending, today unveiled upgraded capabilities to its proprietary lending platform, Hive, which powers its borrower and funding partner ecosystem. Since enhancing the platform, Happy Money has driven faster credit decisions, reduced borrower friction and increased monthly loan originations more than 400% year to date.
Yendo, the company behind the first-ever vehicle-secured credit card, today announced a $50 million Series B funding round including investors Spice Expeditions, Autotech Ventures, FPV Ventures, Pelion Venture Partners, Mark Cuban, and Clocktower Technology Ventures, among others. The funding will accelerate Yendo’s expansion beyond secured lending as it builds an AI-powered digital bank for the millions of Americans underserved by traditional financial institutions.
Citi Ventures has announced a strategic investment in BVNK, the global stablecoin infrastructure platform. The move follows recent backing from Visa, Haun Ventures, Tiger Global and other top-tier investors highlighting the shift toward digital asset-based infrastructure.