AI Agents Steal Over 600,000 Credit Cards in Autonomous Attacks on Retailers and Other Companies
AI agents run by a Chinese-speaking hacker breached 27 companies and stole over 600,000 card records at about $25 per...
Read moreDetailsSoFi and Mastercard Go Live With Stablecoin Settlement
SoFi Bank is the first national bank live with stablecoin settlement on Mastercard's network, migrating its full $25B+ card program...
Read moreDetailsFTC Merchant-Screening Crackdown: Nuvei and Humboldt Cases Raise the Bar
FTC settlements with Nuvei ($4.85M) and Humboldt ($12M) fault weak merchant screening, signaling a higher bar for ongoing monitoring, not...
Read moreDetailsAmazon Expands UK BNPL with New Affirm Partnership
Reps. Foster and Sessions' bill would give states Treasury-administered grants for digital ID rollout, citing up to $521B a year...
Read moreDetailsFoster, Sessions Renew Push for Bill Funding State Digital ID Systems to Fight Payment Fraud
Reps. Foster and Sessions' bill would give states Treasury-administered grants for digital ID rollout, citing up to $521B a year...
Read moreDetailsAI Agents Used to Run Autonomous Card-Skimming Campaign, 600K+ Cards Stolen
Attackers used open-source AI agent frameworks to automate skimmer attacks across 119+ sites, stealing over 600,000 credit cards, researchers found.
Read moreDetailsRomanian Crime Rings Exploit Magstripe EBT Cards for Large-Scale Fraud
Romanian organized crime groups are skimming outdated magnetic-stripe EBT cards to steal hundreds of millions, converting proceeds to crypto.
Read moreDetailsWalmart, Circle K Call Card Fee Pact Unconstitutional
By MFJ Staff | Source: Payments Dive Key takeaway: Two separate threads are now worth tracking in this litigation. One...
Read moreDetailsBanks Push for AI-Shopping Audit Trail as Chargeback Liability Fears Grow
Six major banks published a framework calling for auditable records of AI agent purchases, proposing liability follow the error, not...
Read moreDetailsDispute Management Explained: How Merchants Can Resolve Payment Disputes
Learn how dispute management works, from chargeback prevention to representment software, so merchants can resolve disputes faster and protect revenue.
Read moreDetailsAI-Driven Attacks Set to Nearly Triple Global Banking Fraud by 2031
Juniper Research projects AI-driven attacks will push fraudulent banking transactions from 773.7M in 2025 to 2.2B by 2031, a rise...
Read moreDetailsThird-Party App Breach Exposes Shopper Data at BigCommerce Merchants
A Ribon app credential breach exposed shopper data at BigCommerce merchants between Sept 13-17; Master of Malt says it may...
Read moreDetailsMastercard Gives AI Agents a Virtual Card, but Shoppers Still Want the Final Click
Mastercard debuted Alchemy's AgentCard, setting AI agent payment standards to rival Visa, though most shoppers still distrust bots buying alone.
Read moreDetailsAccount Takeover Fraud Is Outrunning Authentication Checks
New analysis finds account takeover fraud increasingly evades login-only checks, pointing to combined behavioral, device and network signals.
Read moreDetailsCard Installment Use Overtakes BNPL Growth
PYMNTS Intelligence finds card installment use jumped from 23% to 36% in a year, while BNPL held flat at 15%,...
Read moreDetails90% of Firms Credit Fraud Infrastructure for Faster Customer Onboarding
New PYMNTS Intelligence data finds 90% of firms link weaker fraud infrastructure to pressure for faster onboarding, and 57% catch...
Read moreDetailsAI-Generated Impostors Are Beating Voice and Biometric Checks
PYMNTS: unauthorized-party fraud now drives 71% of incidents and losses, up from 48%, as AI impostors increasingly defeat voice and...
Read moreDetailsFintech Trade Groups Push Back on New York’s Proposed BNPL Rules
AFC and FTA filed comments opposing New York's draft BNPL rules, warning per-transaction underwriting checks could cut BNPL credit by...
Read moreDetailsVisa and Mastercard Settle Grubhub-Led Interchange Fee Lawsuit
Visa and Mastercard settled with Grubhub, Belk, BJ's Wholesale, and Uline days before a Chicago antitrust trial over card swipe...
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