Fraud & Security

Consumers victimized in financial scams and fraud tend to feel that impact not just financially, but emotionally, too, finds a new Identity Theft Resource Center report. The “2026 Consumer Impact Report” determined that, among general consumer scam victims, 33.7% experienced an adverse impact, compared to 17.3% among traditional identity theft …

PayPal Holdings Inc. reported a 2% rise year-over-year in third-quarter net revenue, to $8.58 billion, on a 6% increase in total payment volume, to $487.1 billion. Payment transactions rose 7% to 6.796 billion, while active accounts, at 440 million, were virtually flat, rising 0.6%. GAAP net income fell 14%, to $1.07 …

The allure of financial accounts continues to attract bad actors, and now they are using AI and deepfakes to impersonate legitimate consumers, making it tougher for companies to protect these accounts. That’s one takeaway from Microblink’s latest review of account-takeover fraud data. Microblink, a fraud-prevention firm based in Brooklyn, N.Y., …

Chargebacks911 launched an AI agent to help merchants protect qualifying purchases made through AI agents without replacing their existing fraud prevention tech or restructuring their payments systems. The new service also provided indemnification against qualifying chargebacks associated with these purchases. Investment firm Francisco Partners completed its $650 million acquisition of …

A new global fraud study from a leading credit-reporting agency ties a growing amount of fraud to compromises of trusted identity-verification systems, rather than from false identities used to open credit card accounts, bank accounts, and other starting points of fraud. The study also reveals a boom in fraudulent manipulation …

It’s hard to imagine today, but there was a time when typing a credit card number into a Web site felt risky. In the 1990s, most consumers preferred driving to a store to shopping online. E-commerce user interfaces were clunky, the connection was slow, and the security of card information …

Data-encryption platform Evervault launched Browser Tokens, a service for agentic-commerce developers to allow AI agents to conduct transactions without exposing payment cards, passwords, or other sensitive personal information to the agent or browser provider. Loyalty and customer marketing platform Wildfire Systems released its “Agentic Commerce’s Wallet Problem” report that found just 5% …

PAX Technology Inc. said it will work with engineering firm Omni Integration Inc. to launch PAX Edge, payment software designed to work with a range of gateway and backend environments, though not tied to a single processor. Cognizant announced it has a five-year agreement to install artificial intelligence technology for point-of-sale terminal …

Point-of-sale terminal maker PAX Technology Inc. says it is enabling a deeper integration of Wink’s biometric checkout technology into many PAX POS devices. The integration means merchants that use the PAX PxRetailer and PxDesigner applications will be able to add Wink’s biometric enrollment and checkout capabilities to their PAX devices. …

Visa Inc. said the People’s Bank of China has approved the global payment network’s Application to Prepare, a step toward the establishment of a domestic bank-card clearing institution in China. Visa’s goal is to establish processing for domestic payments in that country. Euna Solutions, a technology provider for the public sector, …