Fraud & Security

The Federal Trade Commission’s negative option rule, or click to cancel rule, for subscription management, has been struck down by the U.S. Court of Appeals for the Eighth Circuit because the FTC did not follow procedures for creating the rule, The Hill reported. The rule was set to start July 14, having been delayed …

Scams continue to get top billing when it comes to favored fraud attempts, closely followed by account takeovers, finds the NiCE Actimize U.S. version of its Fraud Insights Report. Released Monday, the report found that, of the NiCE Actimize data analyzed, 57% of fraud attempts were scams with account takeovers …

Restaurant-payments provider SpotOn has launched Picked for You, an AI-powered system that SpotOn says personalizes digital menus on behalf of restaurants in an effort to drive higher tickets. Working with Idex Biometrics, Mastercard Inc. is launching in Bangladesh its metal credit card, which includes technology supporting fingerprint authentication for in-store transactions. The issuer is …

Credit card issuers and others relying on the credit bureau Experian plc to aid with decisions about extending services to consumers will be able to tie into Experian’s integration of Mastercard Inc.’s identity-verification and fraud-prevention tech in the Experian Ascend Platform. Announced Thursday, the integration means users of the Ascend …

Skyfire, a provider of payment and identity technology for AI agents, has launched AI Agent Checkout, technology said to be programmed specifically for transactions conducted via AI agents. Payments-software developer Weave Communications Inc. has appointed Adrian McDermott to its board of directors. McDermott is chief technology officer at ZenDesk.

In partnership with Xsolla, a provider of videogame-commerce platforms, Affirm Inc. has agreed to offer its payments options through online-game developers. Square, a unit of Block Inc. released its Square Handheld device in the United Kingdom. Square launched the device in May in the United States. Stablecoin-card issuer Rain said it will work with Toku, a …

The scourge of ransomware is not abating, but some of its impact may be. That’s because companies are getting better at negotiating payments of less than the original demand, according to a new report from Sophos, a cyberfraud-prevention firm. In its “State of Ransomware” report, released Tuesday, Sophos says 49% …

While fewer consumers reported identity crimes between April 2024 and March 2025 compared to the same time a year earlier, the number of consumers reporting multiple identity crimes increased, The Identity Theft Resource Center says. In its annual industry report, the IRTC says reports of identity crimes declined 31% to …

The ride-share platform Uber said it has expanded its AI Solutions business to support its gig-work model in 30 countries, with capabilities for payments and identity verification. Cryptocurrency wallet Coinbase launched Coinbase Payments for e-commerce that enables payment service providers, marketplaces and commerce infrastructure providers to offer stablecoin payment acceptance. The first user is …

Felix Payment Systems Ltd. launched what it says is the industry’s first deployment of a Windows-based softPOS solution. The deployment came in collaboration with Nebraska Furniture Mart and technology company HP Inc. SoftPOS allows merchants to accept contactless payments on an ordinary mobile phone. Celerant Technology Corp. released version 2.8.2 of its point-of-sale technology, …