Fraud & Security

Fraudsters are becoming better organized and building industrial-strength infrastructures to commit fraud, making their actions harder to detect and prevent, says Visa Inc.’s Fall 2025 Biannual Threats Report. The report, which pulls data from the Visa’s global network, identifies the five biggest fraud threats facing the payments ecosystem: the industrialization …

As artificial intelligence continues to weave itself into payments, organizations are adding new AI-enabled services and considering options for its use. Two of the latest are Hawk AI GmbH with a check-fraud prevention tool for U.S. financial institutions and EMVCo as it begins work on a global specification for its …

FICO (Fair Isaac Corp.) has partnered with open-banking platform Plaid Inc. to develop the UltraFICO score, a credit score that includes real-time cash-flow data from Plaid. The new scoring model is intended to give lenders a more comprehensive view of a consumer’s credit readiness. The UltraFICO score will weigh a …

Credit cards may dominate online use, but debit cards make up a hefty share, too, with 54% of U.S. adults using the former and 49% choosing a debit card in a 30-day period, according to a YouGov.com report. That online debit use has emerged as a key area for banks …

PayPal Holdings Inc. said it is an official digital payments partner with U.K.-based soccer club Liverpool FC. Already an option in the club’s digital payments platforms, PayPal will be featured more prominently on checkout and payment screens in the club’s e-commerce and All Red services. All Red is a membership program …

Nacha, the automated clearing house rule maker, is soliciting feedback on potentially increasing the transaction size of a same-day ACH payment from $1 million to $10 million. Comments are being accepted through Dec. 18. Steamboat Capital sent an open letter to the directors of Priority Technology Holdings Inc. expressing disappointment in an …

PAR Technology Corp. launched PAR Catering, a service to help restaurants build and manage their catering operations. Block Inc.’s Square point-of-sale unit has launched a service that lets merchants accept bitcoin and manage digital assets in tandem with fiat currency. The service, which is charging no fees for the first year, includes …

Upward Financial, a provider of payments and other financial technology, announced Mastercard Inc. will provide embedded financial technology to Upward’s clients to enable them to launch Mastercard-branded card programs in a matter of weeks. Upward also announced an $8-million seed round co-led by Dundee Venture Capital and Breakwater Ventures Fund. …

Payments-technology platform Adyen NV introduced two new point-of-sale terminals, the S1E4 Pro, a mobile device, and the S1F4 Pro, aimed at countertops. The devices will be available for order in the first quarter next year. Processor Lightspeed Commerce Inc. reported September-quarter revenue of $319 million, up 15% year-over-year, on a 22% jump in gross …

The financial-services industry faces a threat even more sophisticated and convincing than traditional cybercrime: AI-powered deepfake voice scams. Unlike conventional account-takeover attempts that rely on stolen credentials and digital channels, these attacks use artificial intelligence to replicate customers’ voices with startling accuracy. They are able to bypass traditional authentication methods …