Fraud & Security

Processor and core banking services provider FIS Inc. is taking a step to make it easier for debit card users at banks and credit unions to understand debit card transactions on their statements. It’s a move that could reduce chargeback inquiries. Developed with Spade, a New York City-based transaction data …

Consumers and merchants may stand to benefit in many ways from agentic commerce and artificial intelligence, but fraudsters may also see what they consider plusses of the data-centric technology, with Juniper Research forecasting global fraudulent transactions in digital banking and money transfer surpassing 2.2 billion by 2031, influenced by the …

In a proposed settlement, the payment platform Corpay Inc. agreed to pay $100 million to the Federal Trade Commission to resolve FTC allegations that the company had used false marketing and unfair billing practices. The proposal is subject to final approval from the FTC after a period of public comment. Payroc World …

Quill Bank announced it has launched its Acquiring Line of Business unit to serve payment facilitators, ISOs, ISVs, and fintechs, and has named payments veteran Deborah Camm senior vice president and head of acquiring. Alchemy, a technology developer for agentic commerce and onchain transactions, announced an integration with Mastercard Agent Pay …

In an ideal world, a report about the low costs of personally identifiable data that can be stitched together to create a synthetic identity, a proverbial Frankenstein, would be nonexistent. That’s not the world today, however. A new report from Coveron, an identity-theft protection service, outlines how cheap it is …

Checkout.com launched direct acquiring in the United States under its Merchant Acquirer Limited Purpose Bank charter in Georgia. Mastercard Inc. announced Mastercard Wallet Pay, a set of technologies enabling interoperability and encouraging innovation among wallets for contactless and online payments. Some 4.3 billion persons globally now use digital wallets, a number expected …

Some 72% of U.S. consumers have used an AI assistant for shopping, but just 23% trust AI to manage payments, according to the Visa Trust Index for agentic commerce. The survey took place May 26-28 among a sample of 2,065 consumers, though the sample for the payment transaction question was 1,028 to …

Six Flags Entertainment Corp. is adding the Flex Pay buy now, pay later payment method from Upgrade Inc. to enable guests to make installment payments for season passes and other products. In related news, Visa Canada renewed its partnership with the Toronto International Film Festival, noting that 2027 will be …

Shopline, a commerce platform, has agreed to integrate card-linked installment payments capability from Splitit. Finzly, a money-movement platform operating on ACH and real-time rails, has launched Assure, a service intended to protect banks against attacks by rogue AI agents. The new service is part of Finzly’s Agentic Galaxy set of AI …