Mobile Commerce

As online traffic powered by artificial intelligence explodes, businesses are struggling to differentiate between legitimate and fraudulent agentic commerce agents, says a study by AI-based fraud-prevention platform provider Darwinium. Some 97% of businesses report an increase in AI-based fraud attacks in the past year, the report says. Among these businesses, …

Paze, the digital-checkout option from Early Warning Services LLC, lined up Domino’s Pizza Inc. and PayRange LLC as the latest merchants to offer the online-only service. Domino’s says more than 85% of its sales come through digital-ordering channels. PayRange specializes in self-service transactions, such as for laundry machines. Paze will …

The cryptocurrency platform KuCoin introduced its Tomorrowland Limited Edition KuCard, a Visa card issued in partnership with the Tomorrowland music festival taking place March 21-28. Glia, an AI platform for banks, has integrated a loan-payment technology from MessagePay in an effort to integrate payments into digital interactions between community banks and their …

Square Inc., the point-of-sale technology platform from Block Inc., announced two new deals late Wednesday and early Thursday that underscore its POS ambitions both domestically and abroad. In Chicago, Square said a seafood seller called The Fish Guy has installed an e-commerce service supported by Square and eGrowcery, a Birmingham, …

The Electronic Payments Coalition has opened another front in the battle over the Illinois Interchange Fee Prohibition Act with the launch of an ad campaign aimed at having the law overturned by the Illinois legislature. The campaign comes hard on the heels of efforts by organizations representing financial institutions in …

As creatures of habit, individuals often follow a routine throughout the day, and that extends into their local shopping activity. New data from Square, the point-of-sale arm of Block Inc., have found that regular customers generate six times more revenue for local businesses than more transient shoppers. Drawing on transactions …

Oracle Corp. unveiled new technologies for its Simphony Cloud Point of Sale technology, including an embedded AI assistant. Mastercard Inc. adopted a new foundation for its generative artificial intelligence service. An AI foundation is a neural network trained on massive unlabeled datasets, according to technologist Nvidia. Zerohash, a technology provider for payments …

Three organizations representing the banking community, as well as the Office of the Comptroller of the Currency along with former acting members of the OCC, filed amicus briefs late Friday urging the court to overturn the decision to exempt Illinois merchants from paying interchange on the sales tax and gratuities …

Mastercard Inc. announced early Tuesday it has agreed to pay $1.8 billion to acquire BVNK, a London-based stablecoin platform. The deal comes amid growing interest in stablecoins among fintechs, banks, and payments providers and as payments networks increasingly view the cryptocurrency as a practical vehicle for overall growth. The transaction, …