Fraud & Security

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 …

In an ideal world, a report about the low costs of personally identifiable data that can be stitched together to create a synthetic identity, a proverbial Frankenstein, would be nonexistent. That’s not the world today, however. A new report from Coveron, an identity-theft protection service, outlines how cheap it is …

Checkout.com launched direct acquiring in the United States under its Merchant Acquirer Limited Purpose Bank charter in Georgia. Mastercard Inc. announced Mastercard Wallet Pay, a set of technologies enabling interoperability and encouraging innovation among wallets for contactless and online payments. Some 4.3 billion persons globally now use digital wallets, a number expected …

Some 72% of U.S. consumers have used an AI assistant for shopping, but just 23% trust AI to manage payments, according to the Visa Trust Index for agentic commerce. The survey took place May 26-28 among a sample of 2,065 consumers, though the sample for the payment transaction question was 1,028 to …

Six Flags Entertainment Corp. is adding the Flex Pay buy now, pay later payment method from Upgrade Inc. to enable guests to make installment payments for season passes and other products. In related news, Visa Canada renewed its partnership with the Toronto International Film Festival, noting that 2027 will be …

Shopline, a commerce platform, has agreed to integrate card-linked installment payments capability from Splitit. Finzly, a money-movement platform operating on ACH and real-time rails, has launched Assure, a service intended to protect banks against attacks by rogue AI agents. The new service is part of Finzly’s Agentic Galaxy set of AI …

With account-to-account transaction growth forecasted by Juniper Research to increase 83% by 2030, card brands and financial institutions are readying more fraud-prevention measures. The latest is a fraud score for A2A payments from Visa Inc. Announced Tuesday, the updated version of Visa’s A2A Protect service now includes a fraud score, …

The payments industry’s embrace of agentic commerce took a step forward early Tuesday with an announcement from EMVCo that the standards body has developed a framework for “secure, interoperable, and scalable” agentic transactions using cards. The framework is by no means a final set of rules, but is intended as …