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The holiday season may drive record revenues, but it also brings with it a surge in fraud attempts. With scams, cyberattacks and chargebacks spiking during peak shopping, merchants face an increasingly complex balancing act: protecting profits and customers without slowing down sales. And this year, as criminals weaponize artificial intelligence to wage fraud on an unprecedented scale, new...
Banks know real-time payments keep cash moving, yet they continue to tilt these services toward large enterprises.
The March/April edition of the Real-Time Payments Tracker Series, “Small Businesses, Big Demand: The Case for SMB-Focused Real-Time Payments,” found that small- to medium-sized businesses (SMBs) are not only demanding faster access to money, but they are also willing to...
Nubank said Tuesday (Sept. 30) that it applied for a U.S. national bank charter as it explores opportunities to expand its digital banking platform beyond Latin America.
The firm applied with the Office of the Comptroller of the Currency, it said in a Tuesday press release.
“Today our core focus remains on delivering growth in our existing markets, where we continue to see substantial...
One Inc’s PremiumPay platform has been integrated into Equisoft’s life insurance policy administration solutions.
For the more than 300 financial institutions globally that use Equisoft’s solutions, PremiumPay will reduce manual processing, modernize the premium payment experience and enable a wide of payment options, including Apple Pay, Google Pay, PayPal, Venmo and traditional...
The New York State Department of Financial Services (DFS) released updated guidance for virtual currency customer protections Tuesday (Sept. 30), saying the update reflects the growing demand for virtual currency custodial services.
The new guidance, which supersedes one issued in January 2023, reiterates sound custody and disclosure practices and details the department’s expectations...
Brex plans to add stablecoin payments to its global corporate card, enabling cardholders to send and receive these payments.
This feature will allow cardholders with a Brex business account to accept stablecoins, which will automatically be converted into U.S. dollars in their account, and send stablecoins directly from their U.S. dollar balances, the company said in a Tuesday (Sept....
Amazon unveiled the next generation of several of its devices Tuesday (Sept. 30), including Echo, Fire TV and Ring, that incorporate the company’s artificial intelligence (AI) assistant, Alexa+.
The four new Echo devices are purpose-built for Alexa+, the company said in a Tuesday press release. They come with early access to the AI assistant so that buyers can start using it right away...
User choice is the dominant behavior when it comes to retail payments. For much of cryptocurrency’s history, users haven’t chosen it at checkout.
However, that could be changing, at least across certain markets.
When the white paper for Bitcoin appeared in 2008, its vision was an unambiguous peer-to-peer electronic cash system. That vision is finding increasing traction across the...
The stablecoin market is reportedly outgrowing the larger cryptocurrency sector following recent U.S. legislation.
That’s according to a report Tuesday (Sept. 30) by CoinDesk, citing findings from J.P. Morgan that showed that the $300 billion stablecoin market has grown 42% so far this year, double the 21% growth in the overall crypto market.
Since the GENIUS Act — America’s first...
California Governor Gavin Newsom on Monday (Sept. 29) signed the Transparency in Frontier Artificial Intelligence Act, making the state the first in the U.S. to require developers of advanced artificial intelligence systems to disclose how they manage catastrophic risks. The measure, Senate Bill 53, establishes penalties for violations, mandates reporting of safety incidents and builds new...