Raskin, Nadler Urge Judge to Probe ‘Corrupt and Improper’ Influence Behind Live Nation Settlement

Southern Manhattan, including the Daniel Patrick Moynihan United States Courthouse (Photo: MusikAnimal, CC BY-SA 4.0 , via Wikimedia Commons)

Southern Manhattan, including the Daniel Patrick Moynihan United States Courthouse (Photo: MusikAnimal, CC BY-SA 4.0 , via Wikimedia Commons)

Two senior House Judiciary Democrats are urging the federal judge reviewing the Justice Department’s antitrust settlement with Live Nation and Ticketmaster to investigate whether political officials and outside lobbyists improperly influenced a deal that abruptly abandoned DOJ’s effort to break up the companies.

Rep. Jamie Raskin, ranking member of the House Judiciary Committee, and Rep. Jerrold Nadler, ranking member of its Administrative State, Regulatory Reform and Antitrust Subcommittee, submitted the request as a formal public comment in the settlement’s Tunney Act proceeding. They argue that U.S. District Judge Arun Subramanian should scrutinize not only whether the agreement adequately addresses Live Nation’s alleged monopoly power, but how DOJ came to accept it in the first place.

“Our serious concern is not simply that political officials may have participated in the settlement,” the lawmakers wrote. Rather, they contend that “corrupt and improper influences successfully pushed a resolution that betrays the public interest.”

For Raskin, the filing represents an escalation of an oversight effort that began almost immediately after DOJ settled the case. In May, Raskin and Sen. Richard Blumenthal convened a bicameral congressional forum titled “Corruption Takes Center Stage: How the Live Nation–Ticketmaster Settlement Threatens Antitrust Enforcement,” bringing together state law-enforcement officials, former DOJ antitrust officials, independent promoters, venue operators and artists to examine the deal. Raskin at the time described it as a “weak settlement and corrupt bargain,” while witnesses pressed for structural remedies against Live Nation and Ticketmaster.

The difference now is that considerably more information has emerged about what happened inside the administration before the March settlement.

Lawmakers Ask Who Killed DOJ’s Breakup Demand

DOJ originally sued Live Nation and Ticketmaster in 2024 seeking structural relief that included divestiture of Ticketmaster “at a minimum.” Even as the case approached trial, the lawmakers note, the Antitrust Division was reportedly continuing to demand that Live Nation give up Ticketmaster.

The agreement ultimately reached in March went in a very different direction. Live Nation and Ticketmaster would remain integrated, subject instead to a collection of behavioral restrictions, ticket-distribution changes, limits on certain exclusivity arrangements, a 15% service-fee cap at Live Nation amphitheaters and provisions removing Live Nation’s control over 13 specified amphitheaters.

DOJ formally submitted that proposed final judgment for Tunney Act review in June. The settlement has not received final approval.

Raskin and Nadler argue the sharp change in DOJ’s position requires an explanation, particularly after subsequent reporting about political intervention in the case.

An August Wall Street Journal investigation reported that President Donald Trump directed a senior Justice Department official to settle the lawsuit shortly after a Feb. 27 Oval Office meeting with Live Nation CEO Michael Rapino. The meeting was arranged primarily around Trump’s efforts to improve entertainment bookings at the Kennedy Center, but the pending antitrust case also came up. The Journal further reported that settlement discussions increasingly moved outside the Antitrust Division, with White House officials, politically connected lobbyists and senior DOJ officials playing roles in negotiations.

Live Nation previously disclosed that Rapino discussed the status of the lawsuit with Trump but said the two did not discuss substantive terms of a potential settlement. The reporting has not established that favorable antitrust treatment was explicitly traded for Live Nation’s assistance with the Kennedy Center.

Raskin and Nadler are not presenting their filing as proof of a quid pro quo. Instead, they argue that the circumstances are serious enough that Subramanian should determine what actually happened before deciding whether the resulting settlement serves the public interest.

They specifically call for a “searching inquiry” into who negotiated the settlement, who authorized it, which officials were consulted or excluded, what earlier settlement proposals looked like, why structural relief was abandoned or weakened and what role was played by the White House, presidential advisers and outside lobbyists.

That list reads less like a conventional objection to the terms of an antitrust settlement than a roadmap for discovery into the process that produced it.

Jury Verdict Complicates DOJ’s Explanation

The lawmakers also argue that what happened after DOJ left the case makes that inquiry more important.

Only six states ultimately joined the federal settlement, while 34 state attorneys general continued litigating without DOJ. In April, a unanimous jury found Live Nation and Ticketmaster liable on the antitrust claims submitted to it, including findings involving Ticketmaster’s maintenance of monopoly power in primary ticketing and Live Nation’s conduct in the large-amphitheater market.

Live Nation is challenging that verdict through post-trial motions and has said the jury decision is not the final word. The company maintains that the ultimate outcome of the state case will not be materially different from the relief contemplated by the DOJ settlement.

Raskin and Nadler acknowledge that the states’ victory does not itself prove DOJ’s settlement was improper. But they argue that it makes the government’s abrupt departure substantially more difficult to explain as a reaction to a weak case.

That distinction separates the Live Nation dispute from another politically controversial antitrust settlement the lawmakers discuss involving Hewlett Packard Enterprise’s acquisition of Juniper Networks. In that proceeding, a court was assessing a negotiated remedy before liability had been established.

Here, they note, Subramanian is being asked to approve a largely behavioral federal settlement while simultaneously overseeing a case in which a jury has already found anticompetitive conduct and the non-settling states are pursuing structural remedies. The history also includes the 2010 Live Nation-Ticketmaster consent decree and its 2020 modification after DOJ accused Live Nation of repeatedly violating the earlier agreement.

“The settlement regulates the conduct of the monopolist without removing the structural conditions that make the conduct possible,” Raskin and Nadler argue.

Tunney Act Gives Judge Tools to Investigate

The filing arrives amid a wider argument over exactly how far Subramanian can go in examining the settlement process.

Non-settling states previously sought discovery into the agreement, including the circumstances surrounding its negotiation. In August, Subramanian rejected their initial request without prejudice because no specific demands for testimony or documents were before him. But he expressly left the door open to “narrow and targeted” requests and said discovery is available in a Tunney Act proceeding within reasonable limits.

Raskin and Nadler argue Congress deliberately gave judges even broader tools when it enacted the Tunney Act in response to concerns that politically powerful companies could use their influence to secure antitrust settlements that shortchanged the public.

Their filing returns repeatedly to the law’s legislative history. Sen. John Tunney said the process was intended to bring antitrust settlements into the “full light of day” and require courts to exercise independent judgment rather than function as a rubber stamp. The statute allows a reviewing court to hear testimony from government officials and experts, appoint outside consultants or special masters, accept participation from amici and take other steps necessary to determine whether a settlement serves the public interest.

The American Antitrust Institute separately made a related argument in its own Sept. 4 Tunney Act comments, contending that Subramanian has authority to investigate credible indications that political considerations or an undisclosed side arrangement affected the settlement rather than limiting review to the four corners of the proposed judgment.

Raskin and Nadler now put congressional overseers directly behind that argument.

They are asking Subramanian to use the Tunney Act’s investigative powers to evaluate three interconnected questions: whether the proposed remedies adequately address the monopoly conduct DOJ originally alleged, whether the process that produced the settlement was compromised and whether the record before the court is complete enough to make a meaningful public-interest determination.

For Raskin, that brings the dispute back to the same question his May congressional forum raised before many of the details surrounding Trump’s intervention became public: whether DOJ independently concluded that keeping Live Nation and Ticketmaster together served the public interest, or whether political intervention changed the outcome of an antitrust case the government’s own trial lawyers still believed they could win.

Merchants Level Multiple Objections to a Proposed Interchange Agreement

Merchants Level Multiple Objections to a Proposed Interchange Agreement

Merchants have objected to a settlement in a long-running dispute over interchange fees, alleging the deal would hand issuers liability immunity for fees and rules. Merchants, at the same time, would receive “temporary and meager relief.” On the basis of these and other objections, the merchants “urge(s) the court to deny final approval of this settlement.”

The allegations surfaced Thursday via a merchant filing related to a 21-year-old federal case in which merchants are contesting the costs imposed on them through card-acceptance fees. The latest filing sets out a detailed set of objections from 978 merchants to a final approval of the settlement  Defendants in the case, which include the big card networks and major banks, filed a proposed settlement agreement in the case in November.

At the root of the merchants’ latest objections is that the settlement “doesn’t change anything,” a spokesman for the Merchant Payments Coalition said. The proposed agreement “would grant Visa, Mastercard, and giant card-issuing banks sweeping liability immunity for their anticompetitive system of card fees and rules wile providing merchants with temporary and meager relief that is riddled with loopholes that will make the relief largely ineffective,” the 48-page merchant filing alleges.

A spokesperson for the Electronic Payments Coalition, which advocates on behalf of the card industry, could not immediately be reached for comment.

Specifically, the merchants allege in their latest filing the settlement leaves in place “a core anticompetitive problem,” which they say involves “Visa and Mastercard’s continuing, central role in their network cartel structure sheltering banks from market competition by fixing fee rates and transaction rules on their behalf.”

The filing also objects that a 1.25% temporary rate cap for standard consumer credit cards, set by the proposed settlement, is “easily circumvented,” as standard cards “represent a small and shrinking fraction of the market.”

In addition for rate relief, the proposal included a surcharging provision that some observers argued would make the practice more prevalent. Some 65% of consumers said they have paid a surcharge on a card-based purchase, according to research last year by J.D. Power.

MEXC’s New Card Aims to Make Crypto-Backed Payments Routine

Digital-asset trading platform MEXC announced the launch of its MEXC Global Card, a Visa card allowing users for a limited time to pay no fees and earn up to 10% cash back in the stablecoin USDT, which is issued by the blockchain Tether.

The card is intended for routine payments. Information was not immediately available regarding how many of the cards will be issued, though the card will support transactions via Apple Pay and Google Pay, the company says.

The cashback offer ranges from 4% to 10%, capped at 800 USDT, MEXC says. The Global Card carries no annual fee or top-up levy, MEXC says, while transactions settle based on exchange rates from Visa. MEXC says it does not plan to charge any extra exchange-rate markups.

 

In support of its new card, the company cites data indicating rising levels of spending based on cards backed by stablecoins and other cryptocurrency. Indeed, global volume reached $1.04 billion in July, more than three times the sum recorded in the same month last year, according to Paymentscan, with the average ticket rising to $86 from $59. The USDT coin accounts for about 26% of all stablecoin-backed card spending, according to a16zcrypto, a venture-capital fund that invests in digital currencies.

MEXC’s aim is to make crypto-based transactions routine. “We want users to see digital assets not simply as an investment tool, but as part of a complete financial journey, from saving and yield-generating products to principal-protected solutions and, ultimately, everyday spending,” says Vugar Usi, a former Bain & Co. executive who took over as MEXC’s chief executive in December, in a statement.

Applicants for a card are subjected to what MEXC calls an “advanced identity verification,” with the new card available for use upon completion. The company says its exchange has 40 million users in more than 170 countries.. MEXC launched in 2018 as MXC Exchange and is headquartered in the Seychelles, an island nation in the Western Indian Ocean.

 

Priority Payments’ Deals for IntelliPay and Tampa Bay Bucs Ticketing

Priority Technology Holdings Inc. announced within a two-day span a processor acquisition and a deal to process ticket payments for the Tampa Bay Buccaneers of the National Football League.

The Alpharetta, Ga.-based processor said early Wednesday it has agreed to acquire Convenient Payments, which does business as IntelliPay, a privately held payment processor based in Draper, Utah, through a membership purchase agreement. IntelliPay, focuses on the government, health-care, and education sectors of the economy. The purchase price consists of $11.5 million plus another $3.5 million in earn-out payments over eight quarters following the close, according to Priority’s filing with the Securities and Exchange Commission

The deal follows by a day Priority’s agreement to process ticket sales for the Buccaneers. Under the agreement, Priority will have marketing rights that include branding in the stadium, participation in certain business events held by the team, and hospitality offerings, according to Priority’s announcement.

“As sports organizations’ operations grow more complex, commerce solutions that unify payments and treasury visibility are essential,” Tom Priore, Priority’s chief executive, said in a statement. “Our partnership with the Buccaneers reflects Priority Commerce’s deepening expertise and expanding footprint across professional and collegiate sports.”

The latest acquisition and the Buccaneers ticketing deal follow Priority’s June-quarter results, which showed a 9% increase in revenue year-over-year, to $62.3 million, with an 8% jump in adjusted gross profit, to $99.9 million. For the twelve months through June, the company reported $151 billion in payment volume, up 8% from the same period last year.

How Recurly And Justt Are Looking to Fight Subscription Chargebacks

Chargebacks have plagued the card-payments economy for years, leading payments providers to seek solutions, often to no avail. The latest move involves subscriptions, with Recurly early Thursday announcing an integration with Justt, a company that helps sellers manage chargebacks, to reduce losses on a problem that drains significant revenue for subscription companies.

San Francisco-based Recurly, whose platform processes subscriptions amounting to some $16 billion in annual volume for clients like Alaska Airlines, Experian, and Cinemark, says chargebacks have grown into a painful drain on revenue for companies that depend on subscription business. Efforts to counter chargebacks suffer from scattered information and drag on for weeks, Recurly says.

The average chargeback rate for subscriptions and digital products falls between 1% and 1.85% of transactions, according to industry figures, well above the 0.5% to 0.9% e-commerce average.

The revenue loss is significant. The average chargeback for the subscription economy is $69, according to Mastercard research, but factors like card-not-present transactions and fraudulently filed chargebacks are helping drive the trend, the card network says. Nor is the outlook bright. Datos Insights figures overall chargeback-related losses to merchants will reach $46.1 billion by 2029, up from $36.9 billion this year.

The link between Recurly and Tel Aviv, Israel-based Justt is aimed at compiling evidence to fight chargebacks, the companies say, with Justt gaining access to data compiled on Recurly’s platform. Indeed, the key, the companies say, is data. “Merchants often lose payment disputes not because their case is weak, but because the right evidence is never presented appropriately,” says Roenen Ben-Ami, Justt’s cofounder and chief risk officer, in a statement. Six-year-old Justt serves 250 enterprise merchants and some 80,000 smaller businesses.

Once appropriate updates are automatically applied through Recurly’s platform, “subscriber records reflect the [corrected] outcome,” the company says in its announcement.

Other recent efforts to combat chargebacks have included Chargeback Agent, technology from Findustry AI Inc. that depends on artificial intelligence to help companies comply with dispute rules set by the card networks.

Paysafe Looks to First Half ’26 Momentum for a Strong Finish

Growth in iGaming helped drive overall payment volume for Paysafe Ltd. in the June quarter as the company recorded a 5% year-over-year rise in volume in its merchant-solutions unit, to $37.3 billion. The favorable results arrived as the company has “resolved matters that have hung over the company for some time” and “returned the company to consistent growth,” said chief executive Bruce Lowthers early Thursday.

Speaking during a 35-minute call to discuss Paysafe’s second-quarter results, Lowthers hailed the role the popular Clover point-of-sale technology from Fiserv Inc. has played for his company. Paysafe’s deal for Clover, which has been in effect for at least six years, includes a working-capital offer for merchants. Paysafe has particularly focused on the Clover technology over the course of the past year. “Clover is doing exceptionally well,” said Lowthers. “Our Clover revenue is up double digits.”

Momentum like that should flow through the remainder of 2026, Paysafe’s top management said on the call. “We expect [the fourth quarter] will be the strongest quarter of the year,” said chief financial officer John Crawford, who joined Lowthers on the call. He pointed to “substantial fraud losses” that slowed the company in its first quarter, when the company was moving to a new risk-management platform.

The company sustained “a little bit of a slowdown in the same-store sales category” in the June quarter, Crawford added, “but it was in line with what we had forecasted and consistent with our expectations.” Paysafe, based in London, maintains U.S. headquarters in Jacksonville, Fla.

Sporting events in particular offered prime opportunities for Paysafe’s wagering revenue. The recent World Cup event in soccer “exceeded what we had expected,” Crawford noted, though it was “a small piece of our revenue if you look at sports betting as a whole.” Paysafe in January had forecast 19% of consumers globally planned to place their first online bet on the World Cup.

Revenue for the merchant unit increased 6% in the quarter, to $246.1 million, a robust performance compared to Paysafe’s other business segment, digital wallets, where volume inched up 1%, to $6.6 billion, with a 3% rise in revenue, to $206.6 million

For the quarter, Paysafe registered total payments volume of $43.7 billion. Revenue came to $447.4 million, up 4.5%, delivering gross profit of $243.8 million, up just over 2%.

Hacker Linked to Ticketmaster Snowflake Breach Pleads Guilty in 165-Company Attack

Hacker Linked to Ticketmaster Snowflake Breach Pleads Guilty in 165-Company Attack

Ticketmaster logo over a dark background with simulated computer code in green text.

Ticketmaster logo over a dark background with simulated computer code in green text.

A Canadian hacker tied to the sprawling 2024 cyberattack campaign that included the massive Ticketmaster data breach has pleaded guilty to four federal charges, admitting his role in the theft of billions of sensitive records and an extortion scheme that collected millions of dollars from victim companies.

Connor Riley Moucka, 26, of Kitchener, Ontario, pleaded guilty Aug. 5 to computer fraud, wire fraud, aggravated identity theft and a related conspiracy, according to the U.S. Department of Justice. He is scheduled to be sentenced Oct. 27.

The plea marks a significant development in a hacking campaign that first drew widespread attention in the ticketing industry after data associated with hundreds of millions of Ticketmaster customers was offered for sale online in 2024.

According to prosecutors, Moucka and his co-conspirators used stolen login credentials between February and October 2024 to gain unauthorized access to cloud-hosted data belonging to at least 165 customers of a U.S.-based software-as-a-service company. The Justice Department does not name the cloud provider in its latest announcement, but the campaign has previously been identified as targeting customer accounts hosted by Snowflake.

That distinction has been a point of contention since the Ticketmaster breach first surfaced. Snowflake said in June 2024 that investigators had found no evidence that a vulnerability or security failure within its underlying platform caused the attacks. Instead, investigators said attackers appeared to be using credentials obtained elsewhere to target accounts that lacked multi-factor authentication.

Prosecutors now say the group used that access to steal terabytes of data containing billions of records, including financial information, payroll records, driver’s license and passport numbers, Social Security numbers, call and text-history records and other personally identifiable information.

The attackers then threatened to publish stolen information unless victims paid ransoms and separately advertised data for sale on cybercrime forums and Telegram, according to DOJ.

The conspiracy generated more than $2.5 million in ransom payments, with Moucka personally receiving at least $495,000, prosecutors said. DOJ puts the direct losses suffered by victim companies at more than $9.5 million, excluding losses suffered by their customers. Prosecutors said the affected companies collectively had at least 100 million individual customers whose information was implicated in the conduct admitted as part of the case.

Ticketmaster Breach Put Snowflake Campaign in Spotlight

TicketNews began covering the Snowflake attacks in May and June 2024 after hackers advertised a massive cache of data purportedly taken from Ticketmaster.

At the time, the group ShinyHunters claimed to possess approximately 1.3 terabytes of Ticketmaster data associated with as many as 560 million customers worldwide, including names, addresses, phone numbers, payment information and other account data. Live Nation Entertainment subsequently confirmed in an SEC filing that it had identified unauthorized activity in a third-party cloud database containing Ticketmaster data on May 20, although the company did not independently confirm all of the hackers’ claims about the scope of the stolen material.

Ticketmaster later notified affected customers that it had determined an unauthorized third party obtained information from a database hosted by a third-party data services provider. The company said its investigation placed the unauthorized activity between April 2 and May 18, 2024.

As the breach unfolded, hackers made additional claims involving Ticketmaster ticket inventory and barcodes, including assertions that they possessed hundreds of thousands of Taylor Swift tickets. Ticketmaster disputed some of those claims and said its rotating SafeTix barcodes could not simply be copied and reused.

The criminal investigation eventually put names to individuals prosecutors said were behind the broader Snowflake campaign.

Canadian authorities arrested Moucka in October 2024 at the request of the United States. He and alleged co-conspirator John Erin Binns were subsequently indicted in the Western District of Washington on charges involving computer fraud, wire fraud, aggravated identity theft and related conspiracies.

Moucka initially fought the U.S. case from Canada before consenting to surrender for extradition in March 2025. DOJ says he was extradited to the United States in July 2025, where he initially pleaded not guilty before changing his plea this month.

His guilty plea carries a mandatory minimum sentence of two years on the aggravated identity theft charge, while the remaining counts carry maximum penalties of up to 30 years in prison. The eventual sentence will be determined by a federal judge under federal sentencing guidelines.

The case is not entirely finished. Binns, Moucka’s co-defendant, is not currently in U.S. custody, according to the Justice Department’s case docket.

Consumers Are Spending More, But There Are Fewer of Them, Fiserv Says

The U.S. small-business economy is stuck in neutral, with any improvement coming from customers buying more rather than from a boost in foot traffic, according to a key performance index calculated by the big transaction processor Fiserv Inc.

The company’s Small Business Index registered at 145.3 for July, up 1.6% from July last year and a 0.2% improvement from June. The transaction index alone was calculated at 103, down a notch from 104 a year ago. Overall, growth is coming from higher tickets rather than more customers, according to Prasanna Dhore, Fiserv’s chief data officer.

“Consumers remain engaged, particularly in select retail categories, but continued pressure in restaurants and the shift toward value-oriented spending show households are being more selective with where and how they spend,” Dhore says in a statement.

This higher tickets, flat customer count story has unfolded with particular force in the restaurant category. Here, average tickets were 2.8% higher year-over-year while the transaction count slipped 3.6%. This trend has been particularly acute for limited-service restaurants, where sales dropped 3.4% year-over-year as transactions slipped 5.3%, according to the Index.

Gasoline sales are up 14.2% year-over-year owing to a 15.4% rise in average tickets, as the Iran war’s effect on the industry unfolds. Overall retail sales rose 1.9% over this time last year despite a 0.8% slip in average tickets, as transactions increased 2.2%. “Households remained willing to spend selectively,” the Fiserv report says.

The latest results underscore the importance of the trend among consumers to ring up higher average spending per sale. “July’s results reinforce a consistent theme in 2026. Small businesses are still growing, but growth is increasingly dependent on higher tickets rather than stronger traffic,” Dhore says in a statement.

Mastercard Focuses on Gains in Crypto And Agentic Commerce

As payments executives wrestle with fast-moving trends in AI-driven commerce and in cryptocurrency, particularly stablecoins, card networks are gearing up to win more business in both markets. And network executives see those trends accelerating, creating opportunities to grab market share if they act fast.

“Agentic commerce is the next evolution in payments, a significant opportunity for Mastercard,” said Mastercard chief executive Michael Miebach early Thursday. “It means more transactions.” More important for networks like Mastercard, “we expect cards will prevail in an agentic world,” he told equity analysts during a review of his company’s June-quarter results. In agentic commerce, bits of code called AI agents shop and pay on the Internet on behalf of consumers.

Nor is Mastercard ignoring a similar opportunity in stablecoins, a form of cryptocurrency that mirrors the value of underlying fiat money, such as the U.S. dollar. Mastercard already handles settlement of stablecoins on its network, Miebach stressed, but it’s going farther with its pending acquisition of BVNK, a London-based company that enables merchants to accept stablecoins at checkout with conversion to the local fiat money. Mastercard has agreed to pay $1.5 billion for the company, with a contingent earnout of $300 million. The deal is expected to settle by year’s end.

“We still need conversion to fiat, and that’s what BNVK will do for us,” Miebach said. “We’re very excited about it.” Still, he added, a stablecoin capability “isn’t the answer to everything.” Mastercard, like its rival Visa, has been active in digital currencies for several years, and now, Miebach said, the network’s crypto volume has tripled over the past two years. “There’s a clear need for stablecoins,” he told the analysts on the call, singling out peer-to-peer transactions as a focus.

Miebach’s summary of the discussion boiled down to one declaration: “Agentic commerce and stablecoins will shape the future of payments,” with cards remaining an essential medium for both.

For the quarter, Mastercard reported $2.88 trillion in global transaction volume, up 9% from the same period last year. U.S. volume came to $858 billion, up 5.5%. The network reported 739 million cards (Mastercard and Maestro) in circulation in the U.S., up 4.8%; worldwide, 3.46 billion cards, a 7.2% increase. Net revenue totaled $9.3 billion, a 12% increase, with net income totaling $4.4 billion, up 16%.

Eye on POS: Verifone’s Move Against Skimming; SUNMI’s Multifunctional POS

Verifone Inc. announced early Thursday it has been awarded a U. S. patent on technology that protects point-of-sale terminals and unattended payment devices from card skimming. The move comes as estimates indicate skimming losses grew 5% last year, reaching approximately $1 billion in the U.S. market.

In skimming attacks, bad actors use hard-to-detect devices they insert into the card slot of a payment device or ATM to pick up account data related to the card. The data can then be used in the creation of fake cards. The crime is hard to detect, while longstanding preventive measures such as physical seals, sensors, or manual inspections “can be bypassed by an attacker who knows where to look,” according to Verifone.

“Instead of asking a terminal to detect a specific type of attack, we asked it to autonomously recognize when its own physical environment has changed in a suspect or unnatural way,” says Will Morgan, Verifone’s chief information security officer, in a statement.

The new detection technology, called Wireless Tamper Detection, is aided by the radio capability already installed in many more recent payment terminals, says New York City-based Verifone. That allows the anti-skimming technology to be installed without the need for additional hardware, the company says. The patent number for the device is 12,664,553.

The new detection technology can be provided through software rather than requiring hardware, Verifone says, because most modern payment terminals already feature radio capability.

Verifone, founded in 1981, commands an estimated 30% share of the U.S. retail POS terminal market. It was acquired by Francisco Partners in 2018 for $3.4 billion.

In related news, the Singapore-based POS technology provider SUNMI announced software that enables merchants to attend to ordering and other tasks on a main terminal while accepting contactless transactions on a separate device.

The move is part of what the company calls an expansion of its SoftPOS platform aimed at adding contactless-payment capability to a greater range of commercial payment devices. SoftPOS depends on software already installed in consumer devices to accept payments. Some 24% of POS providers offer softPOS, up from 16% in 2025, according to TSG, an Omaha, Neb.-based payments-research firm.