Fraud & Security

PCI Pal has launched a passkey customer authentication service that it says allows merchants to verify customer identity at the start of a transaction. Fraud prevention specialist Scamnetic rebranded its IDeveryone Payment Protection division as PayVerify. Integrated Research launched Iris for Card Payments, AI technology that it says assists payments companies in detecting transaction …

Consumers are putting artificial-intelligence tools to work when making return claims for items they’ve purchased. Fifty percent are using services such as ChatGPT and Claude to help draft return or refund claims, finds the “Rewriting Rules on Return” report released by Riskified, a fraud-prevention services provider. That results in many …

MoneyGram joined the Solana blockchain system and is part of the Solana Developer Platform. MoneyGram launched its MGUSD stablecoin earlier this month. Stablecoin blockchain Plasma launched Plasma One, an everyday stablecoin-spending capability, in its mobile app. KuCoin’s KuCoin Pay, a payments service based on cryptocurrency, said it is expanding its payments offering, based on recognition of …

MassPay, a payment platform enabling businesses to send payments globally, said it has integrated three new services via agreements with providers—account name inquiry, account validation services, and bank account and name validation. Young Kim, a U.S. Congresswoman from California, has proposed the Strengthening Transaction Oversight and Preventing Payments Fraud Act, aimed at allowing …

U.S. Bank’s Elavon processing unit said it has expanded its All-In-One payments service across North America for in-store, mobile, and online transactions. The service relies on a partnership with POS device provider Castles Technology. ACI Worldwide Inc. warned that fraud indications it has seen in relation to prior major tournaments are emerging as …

PayIt, a payments provider for state and local governments, launched PayIt Smart Works, a slate of AI-enabled functions for back-office operations, including consolidation of payment, banking, and remittance data. Banking-technology provider Mercury launched Mercury Command, an AI-based platform enabling users to make payments and conduct other financial business via natural-language command. Sutton …

PAR Technology Corp. said it has signed Pizza Factory for its PAR POS, PAR Ordering, and other PAR technologies to be installed at all of the restaurant chain’s 110 stores. Zip Co Ltd. announced it intends to support Stripe Inc.’s Shared Payment Tokens for checkout via AI agents. Pacific Gas & Electric is …

When Zelle launched, consumers were enamored with the ability to send and receive instant, frictionless payments without leaving their banking app. Fraudsters took notice. Social-engineering scams quickly exploited Zelle’s speed and irreversibility, leaving banks, regulators, and consumers tangled in years of disputes over a deceptively simple question: Who was responsible? …

More than a year after Visa Inc. launched the Visa Acquirer Monitoring Program, acquirers and their vendors are adapting to the new way of keeping tabs on fraud and chargeback levels. Known as VAMP, the program, according to Visa, consolidated five fraud and dispute programs and reduced 38 distinct remediation processes …

Whereas identity theft once appeared to be a single event related to a stolen credit card number, fraudulent charge, or compromised financial account, fraud victims increasingly are reporting multiple incidents once they learn they’ve been victimized, according to new research from the Identity Theft Resource Center. In its latest annual …