Law and Regulation

Nacha members have approved five rule changes meant to boost the use and efficiency of international automated clearing house transactions. International ACH transactions totaled $270.96 billion in value in 2024 on 120.99 million payments, Nacha says. Announced Tuesday, the changes address clearing up what is an international automated clearing house …

Identity-verification platform provider Proof.com has launched Certify, a product intended to combat falsification of signatures created through the use of artificial intelligence. With Certify, users can cryptographically authorize a digital signature on any type of content, such as wire instructions, tax returns, and legal agreements, using a verified legal identity.  …

New research from Datos Insights found that credit and debit cardholders globally made 1.1 trillion purchases worth $45.5 trillion in 2024. Buy now, pay later provider Splitit launched its Agentic Commerce Partner Program, an invitation-only effort to bring card-linked installment payments to autonomous shopping agents. Some 86% of restaurant operators are comfortable with the …

Socure, an AI platform for digital identity verification and fraud prevention, announced early Wednesday the launch of Hosted Flows, fraud-detection technology that enables users to build, customize, and deploy branded identity verification and fraud prevention capability without the need for programming code. With Hosted Flows, product, risk, and compliance teams …

The Gift Card Fraud Prevention Alliance is launching a nationwide social-media campaign to combat gift card fraud this holiday shopping season. The campaign, which runs from Oct. 1 through Christmas Day, will deliver daily messages through the LinkedIn and Instagram platforms on the tactics criminals use to perpetrate gift card fraud …

Finastra, a London-based payment software provider, has added an ACH module to its Global PAYplus end-to-end payment processing solution. The new module will provide financial institutions with an alternative to legacy ACH processing systems, which can be less efficient and have limited scalability. With the addition of an ACH module, …

Consumer-advocacy organization Consumer Reports on Tuesday issued its “Fairness By Design Playbook” with expectations it can help fintechs build consumer trust. The new guide starts with the Consumer Reports thesis that what it calls fair design is not just beneficial to consumers, but can help organizations create sustainable financial products …

Travel-payments specialist CellPoint Digital is launching a platform to tie into a new retailing model quickly being adopted by the travel industry. In related news, Navan Inc., an expense-management platform, is readying for a public stock offering. London-based CellPoint Digital says its new One Source Orchestration platform is tailored to …

Early Warning Services LLC has for several years now been defending its popular Zelle payments service against allegations that its users suffer excessive losses to scams and fraud. The issue reached a crescendo three years ago with criticism from U.S. Senators about the peer-to-peer payments service’s fraud rates. With the …

Merchants caught up in three pricing class-action lawsuits involving Discover Financial Inc. have a proposed settlement to evaluate, according to a notice from the U.S. District Court for the Northern District of Illinois. Announced Thursday, the settlement could see eligible merchants receive payments for Discover-issued consumer credit cards that were …