Fraud & Security

Onboarding merchants is a critical part of acquiring, and two companies are tailoring their efforts to make it as easy and safe as possible. Payroc WorldAccess LLC released its Payroc for Developers platform to help software companies, independent software vendors, and development teams expedite their Payroc integrations. Meanwhile, LegitScript updated …

Invoice-management platform Basware has closed on its acquisition of Trustpair, a fraud-prevention technology provider focused on payments. Terms were not disclosed. The deal was announced in late August. The digital-asset trading platform XT Exchange launched a scan-to-pay capability for its XT Pay service, allowing XT app users to make purchases …

Consumers in New York City have a new option for canceling their online subscriptions with new rules issued by Mayor Zohran Kwame Mamdani becoming effective Thursday, Oct. 1. The click-to-cancel rules require subscription providers to make it as easy to cancel as it was to sign up. A similar federal …

E-commerce payments provider FastSpring announced it has introduced Cash App Pay as a payment method for its checkout. Block Inc. launched Cash App Pay on Square in 2021 and extended it to external sites the next year. Grocery chain The Kroger Co. launched its Kroger Rewards World Elite Mastercard, a credit card offering rewards good for …

Two-thirds of consumers walk away from a payment process that requires more than three steps, according to “The Competition for Consumer Payments,” a report from Datos Insights sponsored by SBT, a payments platform specializing in regulated industries. Datos surveyed 2,000 U.S. consumers in the second quarter for the report. 934 Ltd., …

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 …