Fraud & Security

Chip cards are coming to state benefit programs, with the latest development emerging from Alabama. The state’s Department of Human Resources is mailing electronic benefit cards embedded with chips as a means to combat fraud, according to an announcement early Friday from the chip card supplier, Conduent Inc. The chip …

Artificial intelligence has long been a part of payments, known early on as machine learning, but now it’s shifting from a predictive function to agentic AI, where systems act, not just advise, said Joseph Arthur, managing partner at RPY Innovations, a payments consultancy. Speaking on a panel at the Northeast …

Visa Inc. announced Visa Direct, its near real-time payment service soon will offer cross-border money movement into the Chinese mainland via a partnership with UnionPay International, the Chinese card brand. The Fiserv Small Business Index, which tracks small business transaction activity across the Fiserv Inc. merchant base, declined one point to 143 …

Buy now, pay later provider Affirm Holdings Inc. will be the exclusive pay-over-time provider integrated with QuickBooks Payments under an agreement announced by QuickBooks provider Intuit Inc. and Affirm. BizTrip AI, whose technology uses AI to help manage payments and other functions in corporate travel, raised $1.5 million in new funding led …

American Express Co., reported 2025 revenue of $72.2 billion, up 9% year-over-year. Fourth-quarter revenue totaled $19 billion, up 10%. Net income came to $2.46 billion for the quarter and $10.8 billion for the year, up 13% and 7%, respectively. Revenue from discount fees was $37.4 billion for the year, a …

Restaurant POS provider SpotOn will work with Loman AI to allow restaurants using SpotOn to leverage AI-based phone automation to book reservations, take orders, and perform other services.  Payments provider WEX has launched its WEX Fleet card with capability for EV charging added to traditional fuel payments, becoming the first fuel card issuer to combine fueling …

Payments provider Nuvei Corp. said it will offer virtual card technology from WEX Inc. to its merchant base under a new agreement. Forter Inc., a developer of anti-fraud technology, said it will offer fraud prevention and identity technology to the McDonald’s Corp. for transactions conducted digitally with the hamburger chain. Mastercard Inc. announced …

Equifax Inc. early Friday launched an application to identify synthetic identity fraud. The app, known as Synthetic Identity Risk, uses artificial intelligence to analyze identity data, credit histories, and behavioral signals to determine whether an account belongs to a synthetic identity. Synthetic identities, which criminals use to open credit card …

Abrigo Inc., a provider of credit risk, compliance, and lending solutions for financial institutions, announced early Wednesday the launch of Abrigo Fraud Detection for ACH. The solution detects fraud for inbound automated clearing house transactions, ACH check deposits, wire payments, and ACH origination and receipt. Support for additional payment types …