As online traffic powered by artificial intelligence explodes, businesses are struggling to differentiate between legitimate and fraudulent agentic commerce agents, says a study by AI-based fraud-prevention platform provider Darwinium. Some 97% of businesses report an increase in AI-based fraud attacks in the past year, the report says. Among these businesses, …

The Electronic Payments Coalition has opened another front in the battle over the Illinois Interchange Fee Prohibition Act with the launch of an ad campaign aimed at having the law overturned by the Illinois legislature. The campaign comes hard on the heels of efforts by organizations representing financial institutions in …

Three organizations representing the banking community, as well as the Office of the Comptroller of the Currency along with former acting members of the OCC, filed amicus briefs late Friday urging the court to overturn the decision to exempt Illinois merchants from paying interchange on the sales tax and gratuities …

Maple AI Inc., a provider of artificial intelligence-based phone-ordering systems for restaurants, has partnered with Shift4 Payments Inc. to integrate its AI-based phone system into Shift4’s SkyTab POS technology. The inclusion of Maple’s AI ordering system in the SkyTab platform is expected to significantly reduce the number of phone orders …

Consumers spend more and shop with greater frequency when friction is removed from payments, says a study from the payments provider Network Merchants Inc., also known as NMI. Some 50% of respondents in the study said they shop more frequently when payments feel seamless, and 48% say they spend more at …

As of January, some 37% of U.S. consumers had used buy now, pay later financing when making a purchase within the prior 90 days, a 5% increase from a year earlier, according to JD Power’s annual BNPL study. Half of these consumers were under the age of 40. JD Power …

French fintech Mirakl SAS has partnered with J.P. Morgan Payments to provide infrastructure for the payments provider’s agentic-commerce offering. The partnership will enable merchants to facilitate agentic commerce without having to build and manage complex integrations and protocols. Mirakl will integrate J.P. Morgan Payments technology into its Nexus agentic-commerce service, which …

Darwinium Holdings Inc., an artificial intelligence-based digital security and fraud-prevention platform, launched its AI agent fraud-detection solution early Tuesday. The technology is expected to help businesses combat the growing threat from AI-facilitated fraud as agentic commerce grows in popularity. Research conducted by Darwinium reveals that 97% of respondents reported an …

Brighty, a Poland-based financial-technology platform that bridges digital finance and traditional banking, has launched an application programming interface that enables AI agents to perform banking tasks. The API enables AI agents to check balances across all accounts, send payments, convert currencies in real time, manage payroll, and reconcile transactions. In …

Splitit USA, Inc. is betting its adoption of Google Inc.’s Universal Commerce Protocol will simplify the purchasing process for consumers shopping with AI agents. It figures the protocol will bring more payment flexibility and predictable BNPL approvals that can help AI agents close a sale. Google’s Universal Commerce Protocol (UCP) is an …