Fraud & Security

Synthetic-identity fraud was the fastest growing type of fraud in 2025, accounting for 11% of total fraud globally, an eight-fold increase from 2024, says LexisNexis Risk Solutions’ annual cybercrime report. The explosion in synthetic identity fraud—which occurs when a criminal blends pieces of information belonging to multiple consumers to craft …

Helium Ventures said it has acquired Maroo Inc., a payments platform specializing in weddings and events and serving more than 13,000 businesses. Terms were not disclosed. Fraud-prevention platform Fingerprint said recommendations based on artificial intelligence are now available on its Suspect Score service, a move the company said improves detection accuracy. O Bee …

Payments provider Corpay Inc. said it has closed on the sale of its PayByPhone unit to Lightyear Capital. Terms were not announced. The deal will cut Corpay’s 2026 revenue by approximately $75 million relative to its February guidance, the company said, though it continues to project 10% organic revenue growth for the …

Fraud-detection service Sift said its Sift Global Network saw transaction volume increase 18% in 2025, though payment fraud attempt rates held at about 3.25%, despite new fraud opportunities arising from new payment methods emerging in the market. The company credits better transaction monitoring and controls. The digital financial-services provider SoFi Technologies Inc. has launched SoFi …

Visa Inc. released six new or updated dispute-resolution services, a year after acquirers became subject to the then-new Visa Acquirer Monitoring Program. Known as VAMP, the program, according to Visa, consolidated five fraud and dispute programs and reduced 38 distinct remediation processes into one program. According to Oscar Bello, Chargeback …

A fintech startup called CARD91 launched VerifyIQ, an AI-based identity-verification tool for card issuance, account opening, and other applications. BitRail LLC, a provider of digital wallets and payment technology, said it has added new services in partnership with the processor PaymentLock Inc., including branded online checkout and pay-now buttons, a virtual terminal, …

The average ransomware demand soared 70% to $4.24 million last year, while the average payment was up 36% to $682,702. Meanwhile, phishing remains the leading root cause of data-security incidents, accounting for 30%, according to the 12th annual “Data Security Incident Response Report” released late Thursday by the law firm …

Block Inc.’s Square point-of-sale payments unit will provide terminals, kiosks, and kitchen-display systems and process payments for Steak Escape, a 23-location fast-food chain.  Visa Inc. said it has worked with Pinwheel, a platform for in-app bill management, to launch its Enhanced Subscription Manager service, aimed at helping consumers track and manage recurring charges. …

Bluefin Payment System LLC, an Atlanta-based company specializing in payments security at the point of sale, late Wednesday launched BluePOS, payment software designed for point-of-sale devices from PAX Technology Inc. The new technology, which uses Bluefin’s PayConex gateway, signals a move by the company to develop new products completely in-house …

Visa Inc. announced its Enhanced Subscription Manager service, part of the network’s Digital Issuer Solutions unit. Developed in collaboration with Pinwheel, a provider of in-app bill-management technology, the service aims at helping consumers track and manage recurring payments. Visa also said it will serve as one of 40 super validators on the …