Transaction Processing

A new classification of criminal has quickly emerged. One that identity verification and fraud prevention firm Socure Inc. labels the AI-Fluent Fraudster. In a new report, “From the Frontline: Fraud’s Napster Moment,” Socure explains why this new classification reflects the burgeoning impact of artificial intelligence. Not only is AI making …

Total payments on the nation’s automated clearing house network grew 5.9% year-over-year in the third quarter, a performance that included a 37% rise in same-day transactions, to 470.4 million, Nacha reported early Tuesday. The burst in same-day volume comes as companies and banks continue to move toward faster payments, whether …

Square has adopted services from card-issuing platform Marqeta for the Square Credit Card, a business card aimed at use by merchants. The card runs on the American Express network and is part of an effort by Square to consolidate its card programs into a single processor. Square, a unit of …

Point-of-sale terminal maker PAX Technology Inc. says it is enabling a deeper integration of Wink’s biometric checkout technology into many PAX POS devices. The integration means merchants that use the PAX PxRetailer and PxDesigner applications will be able to add Wink’s biometric enrollment and checkout capabilities to their PAX devices. …

Two of the world’s largest payments networks early Thursday announced programs geared to bring stablecoins further into the mainstream of money movement. Visa Inc. said its Visa Direct faster-payments platform is launching a commercial service that will incorporate stablecoins. And Mastercard Inc., with its BVNK unit, launched Mastercard Global Money …

Accertify Inc. released a post outlining the distinction between agentic shopping and agentic checkout, concluding that agentic checkout, when an AI completes a purchase on its own, is less than 1% of transactions measured in basis points per Accertify data. Independent sales organization Deposyt expanded its partner program to three …

NCR Voyix Corp. announced early Wednesday it has reached a multi-year deal with Sbarro to provide the pizza chain with its point-of sale-technology, along with Voyix Pay, a payment-processing service. The agreement covers almost 300 corporate-owned and franchise locations in the United States. Sbarro operates more than 800 stores in …

With at least two AI agents available that can make payments on behalf of users, payments companies are preparing for a larger role for agentic commerce. American Express Co. Tuesday published a framework for trusted agentic commerce, something it hopes could be part of a larger standard for the payments …

The stablecoin platform Rain announced early Tuesday it is offering non-custodial stablecoin wallets that stand behind Rain’s cards, making the cards usable at 175 million merchant locations around the world, the New York City-based company says. Founded five years ago, Rain became a Visa principal member in 2024, following up …