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NewsBriefs

This article contains summaries of news stories recently posted under However, Zelle has come under fire for fraud issues.
Breaking Industry News on our homepage. For links to these and other A lawsuit filed by the Consumer Financial Protection
full news stories, please visit www.greensheet.com/breakingnews.php. Bureau against Zelle and major banks was dropped in
2025, but lawmakers remain concerned. Senators and
representatives recently demanded accountability and
detailed plans to stop social media–linked scams, and
Chase has blocked transactions from platforms linked to
scams. As paper checks fade, scrutiny over digital payment
security is intensifying.

The shift signals a digital-first era, tempered by the need
for stronger consumer protections.

AppOmni report finds urgent
Stakeholders tackle AI‑fueled gaps in SaaS security readiness
fraud in Web3, digital channels AppOmni’s State of SaaS Security 2025 Report revealed that

Bitget’s 2025 Anti-Scam Month spotlighted the growing most organizations are underprepared for SaaS-related
threat of AI-enhanced fraud in Web3, revealing $4.6 billion threats. While 91 percent of surveyed security leaders
in crypto scam losses in 2024. Through its Smarter Eyes claimed to be confident in their defenses, 75 percent had
Challenge mini-game and educational blogs, Bitget helped experienced at least one SaaS-related breach in the past
users better detect phishing, social engineering and fake year—a 33 percent jump from 2024. Misconfigurations and
token scams. permission errors remain top culprits. Researchers noted
a dangerous illusion of control and called for a shift from
Collaborating with security firms SlowMist, Elliptic and reactive to mature, continuous security strategies.
others, the campaign emphasized education, intelligence-
sharing and proactive defense. Visa, UK banks, India’s The rise of AI and non-human identities brought new
RBI and insurers also launched parallel anti-fraud efforts, governance challenges, with 61 percent of respondents
reflecting a global shift toward AI-powered protections. citing AI as a top concern. Only 13 percent use dedicated
Visa disrupted $350 million in attempted scams, and SaaS Security Posture Management tools. AppOmni urged
India's DPIP aims to centralize fraud detection using AI. organizations to adopt smarter tools, clear ownership
Bitget’s 24/7 Anti-Scam Hub remains a permanent fixture, models and proactive monitoring to address evolving
reinforcing a multiparty approach to address cross-border SaaS vulnerabilities.
scams fueled by deepfakes and synthetic fraud. Aussies to slash interchange, ban surcharging
A penny for your thoughts, err that POS device The Reserve Bank of Australia proposed major changes to its

Mastercard and Fiserv launched a unique offer: 1,000 card payment system: banning surcharges on Mastercard
Clover POS devices for one penny a month in hardware and Visa debit transactions, lowering interchange fee caps
rental for qualifying small businesses. Available through and requiring acquirers to publish fee data. The reforms
Mastercard’s small business navigator platform until aim to simplify pricing, boost transparency and promote
the end of 2025 or until supplies run out, the initiative competition. RBA noted consumers pay $1.2 billion
underscores a broader push to empower entrepreneurs annually in surcharges, which are no longer effectively
with scalable, modern tools. influencing payment behavior.

The campaign’s launch coincides with the U.S. Treasury’s By eliminating surcharges and capping fees, small
decision to stop minting pennies due to production costs. businesses stand to benefit, with 90 percent expected
Mastercard and Fiserv described the offer as the beginning to save under the new rules. The proposed changes
of a long-term collaboration to support small business follow extensive public input; further feedback will be
digitization. Executives from both companies emphasized accepted through Aug. 26. The reforms are expected to be
the importance of accessible, trusted technology in helping implemented by July 2026.
businesses grow.
Bye, bye federal checks

Beginning Sep. 30, 2025, the U.S. federal government Also find us on Facebook,
plans to phase out paper checks, citing efficiency goals. LinkedIn & Twitter for the
Zelle, a peer-to-peer payments network embedded in over most up-to-date stories,
2,200 financial institutions, was proposed as a solution can’t miss events and newest
to replace paper checks due to its reach and $1 trillion in
transactions in 2024. industry announcements.
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