Fraud/page/3 news and trends

AI Made B2B Fraud Cheap and Trust Expensive

October 07, 2026
Bottomline
Congress Wants to Unplug the Scam Call Factory
Fraud Prevention // October 07, 2026

A pair of representatives last week unveiled legislation targeting one piece of the increasingly industrialized fraud economy. Reps. Jefferson Shreve of Indiana and Rob Menendez of New Jersey introduced the Stop SIM Box Scams Act, which would ban manufacturing, importing, selling, leasing, advertising, owning or...

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...

Europe’s Payee Checks Set the Pace as US Plans Take Shape
Cross-border Payments // October 01, 2026

A payment moving from one country to another passes through banks, clearing systems and payment networks that operate under different rules. The recipient information used to check the payment and bolster security can be just as fragmented. Payee verification connects some of those far-flung systems....

Study Finds CFOs Find AI Can’t Clear Every Cash Flow Bottleneck
B2B Payments // October 01, 2026

A shorter cash cycle should feel like a victory lap. For many CFOs, it now comes with a longer list of risks. PYMNTS Intelligence, in collaboration with J.P.Morgan, examines how U.S. finance teams are speeding cash flow while customers, suppliers and fraud threats make the...

Interviews & Exclusives
Congress Wants to Unplug the Scam Call Factory

October 07, 2026
A pair of representatives last week unveiled legislation targeting one piece of the increasingly industrialized fraud economy. Reps. Jefferson Shreve of Indiana and Rob Menendez of New Jersey introduced the Stop SIM Box Scams Act, which would ban manufacturing, importing, selling, leasing, advertising, owning or operating SIM boxes. It would also direct the Federal Communications […]

Nvidia Builds a Watchdog to Keep AI Agents in Bounds

September 28, 2026
Nvidia is moving the artificial intelligence kill switch deeper into the machinery, giving businesses a way to stop autonomous agents even when the software directing them fails to keep them...

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...

51% of eCommerce Merchants Hold the Line on Fraud Staffing

September 25, 2026
Fraud budgets are moving in two different directions. Fifty-one percent of global eCommerce merchants expect spending on fraud-management staff to remain flat or decline, while 63% plan to increase investment...

Quick Reads
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 a Monday (Oct. 5) news release. The release notes that an “invoice can be authentic, accurate and properly approved, but the supplier bank account associated with it […]

Fed’s Bowman Says AI Is Blessing and Threat to Bank Security

September 29, 2026
Federal Reserve Vice Chair for Supervision Michelle Bowman warned about the danger artificial intelligence poses to banks while also touting its benefits. “While banks continue to face a number of...

Modulate Raises $25 Million to Expand Audio AI Efforts

September 28, 2026
Modulate has raised $25 million to continue developing its “audio-native” AI models. The new funding, announced Monday (Sept. 28), comes as the company is seeing its artificial intelligence (AI) models increasingly used...

Nvidia Says New Safety Platform Would Have Stopped Hugging Face Hack

September 28, 2026
Nvidia debuted an open software platform and reference system designed for agentic artificial intelligence safety, according to a Monday (Sept. 28) news release. The Nvidia Open Agent Safety Platform is...