Law and Regulation

Klarna AB said its PriceRunner price-comparison service has won $1.97 billion in damages in its case against Google. PriceRunner had accused the online search giant of exercising preferential treatment for its own comparison shopping platform, causing lost revenue for PriceRunner. Klarna acquired PriceRunner in 2022 for $124.36 million. Bed Bath & Beyond Inc. …

No sooner has agentic commerce entered the domain of digital payments than questions have sprung up regarding issues of trust and identity. The trust issue in particular came to the fore early Monday with survey results indicating that just 19% of adult consumers in the U.K. trust that AI agents …

The growing prominence of agentic commerce has raised questions about the potential for fraud in these transactions, and in particular the problem of verifying who is behind the agents. Now, technology is emerging to address that question. In one example, Boston-based Notarize Inc., which does business as Proof, introduced on …

The American Arbitration Association, working with Integra Ledger and other companies, announced the launch of the Legal Context Protocol for agentic commerce. The participants say the protocol constitutes an open standard for legal terms, consent, and dispute resolution for transactions performed by AI agents on behalf of people and organizations. Fraud prevention …

The idea of using AI agents to shop online on the consumer’s behalf intrigues payments providers and consumers alike, but the full rollout of this technology is going to depend on how much buyers and processors can trust the technology, according to survey results released early Tuesday. That need for …

PCI Pal has launched a passkey customer authentication service that it says allows merchants to verify customer identity at the start of a transaction. Fraud prevention specialist Scamnetic rebranded its IDeveryone Payment Protection division as PayVerify. Integrated Research launched Iris for Card Payments, AI technology that it says assists payments companies in detecting transaction …

MoneyGram joined the Solana blockchain system and is part of the Solana Developer Platform. MoneyGram launched its MGUSD stablecoin earlier this month. Stablecoin blockchain Plasma launched Plasma One, an everyday stablecoin-spending capability, in its mobile app. KuCoin’s KuCoin Pay, a payments service based on cryptocurrency, said it is expanding its payments offering, based on recognition of …

When Zelle launched, consumers were enamored with the ability to send and receive instant, frictionless payments without leaving their banking app. Fraudsters took notice. Social-engineering scams quickly exploited Zelle’s speed and irreversibility, leaving banks, regulators, and consumers tangled in years of disputes over a deceptively simple question: Who was responsible? …