Fraud & Security

No sooner has agentic commerce entered the domain of digital payments than questions have sprung up regarding issues of trust and identity. The trust issue in particular came to the fore early Monday with survey results indicating that just 19% of adult consumers in the U.K. trust that AI agents …

Merchants wrestle with fraud every day, lamenting how much is lost in each bad transaction. LexisNexis Risk Solutions, as it’s done for a number of years, has quantified the actual cost beyond the item’s value. In 2026, the total cost of every $1 in fraud is $5.13 in the United …

The growing prominence of agentic commerce has raised questions about the potential for fraud in these transactions, and in particular the problem of verifying who is behind the agents. Now, technology is emerging to address that question. In one example, Boston-based Notarize Inc., which does business as Proof, introduced on …

Processor Jack Henry & Associates Inc. said it will work with Google Cloud to introduce an AI-based security service for financial institutions to enable faster issue resolution and support routine operations. Elon Musk’s X social-media platform has started to roll out the X Money payment service to more users to elicit feedback and correct …

The idea of using AI agents to shop online on the consumer’s behalf intrigues payments providers and consumers alike, but the full rollout of this technology is going to depend on how much buyers and processors can trust the technology, according to survey results released early Tuesday. That need for …

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 …