The Green Sheet Online Edition
July 28, 2025 • 25:07:02
News Briefs
Stakeholders tackle AI‑fueled fraud in Web3, digital channels <- click to read full story
Bitget’s 2025 Anti-Scam Month spotlighted the growing threat of AI-enhanced fraud in Web3, revealing $4.6 billion in crypto scam losses in 2024.
Through its Smarter Eyes Challenge mini-game and educational blogs, Bitget helped users better detect phishing, social engineering and fake token scams.
Collaborating with security firms SlowMist, Elliptic and others, the campaign emphasized education, intelligence-sharing and proactive defense.
Visa, UK banks, India’s RBI and insurers also launched parallel anti-fraud efforts, reflecting a global shift toward AI-powered protections.
Visa disrupted $350 million in attempted scams, and India's DPIP aims to centralize fraud detection using AI.
Bitget’s 24/7 Anti-Scam Hub remains a permanent fixture, reinforcing a multiparty approach to address cross-border scams fueled by deepfakes and synthetic fraud.
A penny for your thoughts, err that POS device <- click to read full story
Mastercard and Fiserv launched a unique offer: 1,000 Clover POS devices for one penny a month in hardware rental for qualifying small businesses.
Available through Mastercard’s small business navigator platform until the end of 2025 or until supplies run out, the initiative underscores a broader push to empower entrepreneurs with scalable, modern tools.
The campaign’s launch coincides with the U.S. Treasury’s decision to stop minting pennies due to production costs.
Mastercard and Fiserv described the offer as the beginning of a long-term collaboration to support small business digitization.
Executives from both companies emphasized the importance of accessible, trusted technology in helping businesses grow.
Bye, bye federal checks <- click to read full story
Beginning Sep. 30, 2025, the U.S. federal government plans to phase out paper checks, citing efficiency goals.
Zelle, a peer-to-peer payments network embedded in over 2,200 financial institutions, was proposed as a solution to replace paper checks due to its reach and $1 trillion in transactions in 2024.
However, Zelle has come under fire for fraud issues.
A lawsuit filed by the Consumer Financial Protection 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 gaps in SaaS security readiness <- click to read full story
AppOmni’s State of SaaS Security 2025 Report revealed that most organizations are underprepared for SaaS-related threats.
While 91 percent of surveyed security leaders claimed to be confident in their defenses, 75 percent had experienced at least one SaaS-related breach in the past year—a 33 percent jump from 2024. Misconfigurations and permission errors remain top culprits.
Researchers noted a dangerous illusion of control and called for a shift from reactive to mature, continuous security strategies.
The rise of AI and non-human identities brought new governance challenges, with 61 percent of respondents citing AI as a top concern.
Only 13 percent use dedicated SaaS Security Posture Management tools.
AppOmni urged organizations to adopt smarter tools, clear ownership models and proactive monitoring to address evolving SaaS vulnerabilities.
Aussies to slash interchange, ban surcharging <- click to read full story
The Reserve Bank of Australia proposed major changes to its card payment system: banning surcharges on Mastercard and Visa debit transactions, lowering interchange fee caps and requiring acquirers to publish fee data.
The reforms aim to simplify pricing, boost transparency and promote competition. RBA noted consumers pay $1.2 billion annually in surcharges, which are no longer effectively influencing payment behavior.
By eliminating surcharges and capping fees, small businesses stand to benefit, with 90 percent expected to save under the new rules.
The proposed changes follow extensive public input; further feedback will be accepted through Aug. 26. The reforms are expected to be implemented by July 2026. 
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