Investment

Visa, which reports its fraud rate is at a historic low of 6 cents for every hundred dollars processed, is positioning itself as a safe haven for payments services.

WorldPay has received American Express' EMV payment processing certification, which means the processor is compliant with Amex's requirements for handling chip-card payments.

Payfone Inc., a provider of mobile- phone security, is raising $10 million from Early Warning Services LLC, a provider of fraud-detection tools for banks and financial-services companies.

Schnucks Markets Inc. has agreed to a proposed settlement in a lawsuit filed on behalf of customers over the data breach that occurred at some of its stores earlier this year, affecting up to 2.4 million payment cards.

General Payment Systems will provide kiosk-based payment and tracking technology for probation needs through CSRA Probation Services, which serves about 60 state courts in Georgia.

Some of the legal woes Schnucks Markets Inc. has faced since suffering a data breach from December 2012 through March 2013 were eased this month in a St. Louis court.

MasterCard's Mobile Money Partnership Program (MMPP) has added Oberthur Technologies' MoreMagic subsidiary, a provider of financial services, security and identity management.

Virtual Piggy will deploy Kount's fraud management technology to provide payments security.

Oberthur Technologies is joining the Fast Identity Online Alliance as a member of the FIDO board of directors.

Visa Europe has secured the services of Conferma to provide its issuing banks and payments partners with technology that can provide virtual account numbers for business travel customers.