As the nascent artificial-intelligence field develops, financial institutions are readying to adopt AI in their fraud-prevention measures just as criminals are devising AI-enabled ways to make their schemes more harmful. Evidence of this is that 43% of financial institutions surveyed for the DataVisor “2025 Fraud and AML Executive Report” will …

The more than 7,000 U.S. travel agencies have another tool to help prevent fraud with a new service from Travel Industry Solutions. Meanwhile, chargeback-automation platform Chargeflow and Seon, a fraud-prevention and compliance provider, have integrated Chargeflow’s technology into the Seon platform. Altamonte Springs, Fla.-based TIS says its tool is the …

Visa Inc. is heralding a number of advances in payments technologies, among them the growth of digital-identity services related to payments, continued contactless-payments penetration, and progress with its Flex Credential. Visa said its efforts to create secure digital-identity technology, aimed at making the checkout more secure, is advancing. Central to …

In a first, point-of-sale system and e-commerce platform Lightspeed Commerce Inc. exceeded $1 billion in yearly revenue, posting $1.1 billion for its fiscal year ended March 31. That’s up 21% from $909 million the previous year. It wasn’t enough, however, to offset financial performance, resulting in a loss for the …

The predictability of buy now, pay later loans and the interest-free nature of many of them is appealing to merchants, as many consumers—86%—believe the economy is uncertain, finds a new report from Affirm Inc. Commissioned by installment-payment provider Affirm, the survey, conducted by Talker Research in March of 2,000 U.S. …

As scams and fraud continue to wreak havoc on consumers and financial services companies, one fraud-prevention firm has released a service it says will help consumers better self-identify potential deceptive payment decisions. ThreatMark released ScamFlag, a service banks can add to their mobile-banking apps to help give consumers more insight …

At the helm of Deluxe Corp. since 2018, Barry McCarthy is seeing a payoff from the company’s shift from paper-based to electronic payments. Minneapolis-based Deluxe, which posted $2.1 billion in 2024 revenue, has seen its percentage of overall revenue attributed to its payments services, which includes merchant services and business-to-business …

Artificial intelligence engine Perplexity.AI will soon enable PayPal and Venmo payments for products, travel, and tickets that are found via its tool. Announced Wednesday by PayPal Holding Inc., the service will be enabled this summer for U.S. subscribers to Perplexity Pro, which is $20 per month. This is the second …

With consumers and small-business owners long accustomed to mobile phones, Square is counting on that familiarity to make its new Square Handheld device an easier-to-use point-of-sale device. Calling Square Handheld, which is roughly the size of a smart phone though thicker, its most powerful and portable POS device ever, Square …

As artificial-intelligence services become more commonplace, their impact on the payments industry, both good and bad, is becoming clear. As a tool to help merchants, AI services can help with a variety of tasks, something restaurant point-of-sale specialist SpotOn Transact LLC will be counting on as it launches its AI-powered …