Fraud Prevention/page/30 news and trends

Treasury Program Blocks $175 Million in Federal Payments Bound for Dead People

October 06, 2026
Treasury
AI Agents Bring Shoppers, but Merchants Must Close the Sale
Artificial Intelligence // October 06, 2026

Watch more: The Digital Shift With Visa’s Pavan HS Artificial intelligence shopping agents are creating a new kind of customer at the merchant’s front door: software that may know what a consumer wants, yet arrives without many of the signals merchants have learned to trust....

Basware Acquires Trustpair for Fraud Prevention
Fraud Prevention // October 05, 2026

Invoice lifecycle management Basware has completed its acquisition of payment fraud prevention platform Trustpair. “The acquisition extends Basware’s invoice lifecycle management capabilities all the way to the payment itself,” the company said in a Monday (Oct. 5) news release. The release notes that an “invoice can be authentic, accurate and...

The Fraud Economy Has a Supply Chain, and Erin West Is Going After It
Fraud Prevention // September 28, 2026

Watch more: The Digital Shift With Operation Shamrock’s Erin West The morning before she spoke with PYMNTS CEO Karen Webster, Erin West took a call from a man in Arizona who had lost $4.5 million to an investment scam. He’d done everything a victim is...

Nuvei Case Turns Chargebacks Into an FTC Warning Sign
Legal & Regulation // September 22, 2026

Before a merchant can accept card payments, a processor or acquiring bank must decide whether to take on the business and its payment risk. Two September Federal Trade Commission (FTC) cases show how much can ride on that approval. The FTC alleged that Nuvei opened...

Interviews & Exclusives
AI Agents Bring Shoppers, but Merchants Must Close the Sale

October 06, 2026
Watch more: The Digital Shift With Visa’s Pavan HS Artificial intelligence shopping agents are creating a new kind of customer at the merchant’s front door: software that may know what a consumer wants, yet arrives without many of the signals merchants have learned to trust. Pavan HS, senior director of product, agentic commerce at Visa, […]

The Fraud Economy Has a Supply Chain, and Erin West Is Going After It

September 28, 2026
Watch more: The Digital Shift With Operation Shamrock’s Erin West The morning before she spoke with PYMNTS CEO Karen Webster, Erin West took a call from a man in Arizona...

Nuvei Case Turns Chargebacks Into an FTC Warning Sign

September 22, 2026
Before a merchant can accept card payments, a processor or acquiring bank must decide whether to take on the business and its payment risk. Two September Federal Trade Commission (FTC)...

90% Link Fraud Infrastructure to Faster Customer Onboarding

September 17, 2026
Fraud prevention is no longer a cost center, and for many firms, has become an investment with a measurable return. “Payment Protection: Why Firms Still Aren’t Real-Time Ready,” a PYMNTS...

Quick Reads
Treasury Program Blocks $175 Million in Federal Payments Bound for Dead People

October 06, 2026
The Treasury Department’s new payment verification process stopped $175 million in payments that would have gone to deceased individuals during the past fiscal year, the department said in a Tuesday (Oct. 6) press release. That process is one of several improvements Treasury made during fiscal year 2026 to prevent fraud and improper payments, according to […]

Basware Acquires Trustpair for Fraud Prevention

October 05, 2026
Invoice lifecycle management Basware has completed its acquisition of payment fraud prevention platform Trustpair. “The acquisition extends Basware’s invoice lifecycle management capabilities all the way to the payment itself,” the company said in...

Polymarket Accused of Ignoring Fraud in Pursuit of Growth

September 20, 2026
The prediction market sector is quickly growing, and marquee player Polymarket along with it. But as The Wall Street Journal (WSJ) reported Sunday (Sept. 20), the company has struggled with...

Scammers Use Outdated Payment Tech to Steal Government Benefits

September 20, 2026
Decades-old payment technology is reportedly helping scammers steal hundreds of millions of dollars from the welfare system. It’s part of an operation led by Romanian organized crime groups in the...