Fraud & Security

Just as legitimate transactions are a certainty in payments, so too, are fraud and scams. That doesn’t mean payments companies and their vendors need to just accept that. Now, Mastercard Inc. says it is countering fraud and scams with a new service, Mastercard Merchant Trust Services, to help clients identify …

Some 53% of U.S. consumers carry a balance on their credit cards in response to rising costs, while 25% carry a balance for six months or more, says a survey from personal-finance platform Achieve. The research, conducted in March by the Achieve Center for Consumer Insights, queried 2,000 consumers. Xero, a …

Card-issuing platform Marqeta Inc. reported it processed $112 billion in transaction volume in the March quarter, up 33% year-over-year, generating revenue of $166 million, a 19% rise. Net income swung to a positive $8 million from an $8-million net loss a year ago. MoneyGram will work with the crypto platform Kraken worldwide to allow …

It’s heady days for payments and artificial intelligence applications as payments companies prepare for expected growth in AI-assisted commerce. This extends beyond online shopping with Verifone Inc.’s incorporation of AI into Commander, its point-of-sale system for fuel retailers and convenience-store operators. New York City-based Verifone says AI utilities are part …

As payments companies, merchants, and consumers prepare for the growing use of artificial-intelligence agents in commerce, vendors, too, are getting ready for these independent, digital agents. Among the latest is Experian plc, best known as a credit-reporting agency, with its new Experian Agent Trust service and Kite AI with its …

Real-estate software developer MRI Software said it has named Deluxe Corp. its official processing partner for its rent-payment technology. Commerce.com Inc., the parent company of e-commerce platform BigCommerce, said it has integrated PayPal Holdings Inc.’s Store Sync technology in BigCommerce’s App Marketplace and Channel Manager. The move aims to make Commerce merchants’ …

The FIDO Alliance said it will develop interoperable standards for agentic interactions and commerce and has formed the Agentic Authentication Technical Working Group to oversee that effort. BlueSnap, a unit of Payroc, said it now provides local acquiring services in New Zealand. This enables BlueSnap to process payments through a domestic acquiring …

It’s still early days for agentic commerce, in which artificial-intelligence agents could complete a shopping transaction on behalf of a consumer. And it appears consumers may want to forestall such transactions until they get much more comfortable with the technology, suggests the Riskified Agentic Commerce Pulse first-quarter report. Riskified, with …

FedNow, the real-time payment service offered by the Federal Reserve, will make what it calls a network intelligence API available beginning April 28. The API means FedNow users, be they banks, credit unions, or service providers, will be able to access receiver account-level data seen over the instant payment network. …

While there may be apparent good news in the 23rd edition of the Javelin Strategy & Research Identity Fraud Study, it’s likely premature to think that criminals and scammers are backtracking. In 2025, the combined impact of identity fraud and scams totaled $38 billion, down $9 billion or 18.6% from …