NYC’s Click to Cancel Rule In Effect and other Digital Transactions News briefs from 10/2/26 – Digital Transactions
- Consumers in New York City have a new option for canceling their online subscriptions with new rules issued by Mayor Zohran Kwame Mamdani becoming effective Thursday, Oct. 1. The click-to-cancel rules require subscription providers to make it as easy to cancel as it was to sign up. A similar federal rule was struck because of a procedural issue in 2025.
- Some 53% of bank executives say they raised their fraud-prevention budgets by at least 5% in the most recent fiscal year, yet 85% say fraud threats are changing faster than they can respond, according to the 2026 State of Fraud Prevention Survey from ProSight Financial Association. The survey canvassed more than 125 North American bank executives from late June to early August.
- Nacha’s Payments Innovation Alliance said it is making resources available from its Cybersecurity & Payments AI Project Team, including a Hacker Hunt game aimed at making employees aware of common scams. Nacha is the rules-setting body for the automated clearing house network.
- Nayax Ltd. said it has closed on its acquisition of IPS Group Inc., a developer of digital parking technology, from Windjammer Capital Investors for $350 million in cash. The deal was announced in late August.
- American Express Co. and the International Downtown Association Foundation announced the launch of this year’s Backing International Small Restaurants grant program, which will award more than $1.5 million to more than 100 independent restaurants across nine countries, with Italy included for the first time.
- MassPay announced an expanded capability allowing merchants to receive payments in multiple currencies and pay out to 180 countries in their local currency in a single operation.
- Acumatica announced general availability of its 2026 R2 business software, which integrates Acumatica Payments to streamline e-commerce transactions.
- Walapay, a startup whose technology allows fintechs, payment-service providers and banks to move money with a single API, said it raised $4.6 million in a seed funding round led by Generative Ventures.
