News

Security & Fraud
Going Deep: Automated Deep Behavioral Networks Emerge As Card And Payment Fraud Defense
March 03, 2021

For financial institutions (FIs) and banks, battling card and payments fraud demands real-time monitoring – adjusting risk scores as consumers’ behaviors change. In an interview with Karen Webster, Dave Excell, founder and president of Featurespace, said that artificial intelligence (AI)-driven risk modeling can adapt to shifts...

Partnerships / Acquisitions
Hazeltree, Goldman Team On Corporate Treasury Management
March 03, 2021

Hazeltree, which works on integrated treasury management and portfolio finance solutions for investment managers, has announced a joint solution with Goldman Sachs to help with streamlining treasury management with integrated global payments and cross-border capabilities, according to a press release Tuesday (March 2). Get the...

Europe
EU May Face Recession As Employment, Retail Numbers Stay Weak
March 02, 2021

The eurozone, facing high unemployment rates in an attempt to keep the pandemic contained, has economists convinced a double-dip economic recession is coming, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

International
UK Allows SPACs To Boost London After Brexit
March 02, 2021

A new plan from U.K. leaders would let special purpose acquisition companies (SPACs) join the U.K. stock market as part of a set of new reforms, which are intended to bolster London’s reputation in the aftermath of Brexit, Bloomberg reported. Get the Full Story Complete...

eCommerce
MercadoLibre Earnings Show Power Of ‘Digital Front Door’ For Developing Regions
March 02, 2021

Latin American (LATAM) eCommerce marketplace operator and payments platform MercadoLibre released stellar Q4 2020 financials this week, underscoring the sizzle and scale of online marketplaces now serving as the “digital front door” through which people in developed and developing regions are accessing desirable new digital-first...

Bitcoin
Bitcoin Daily: Dogecoin Can Now Be Purchased At CoinFlip ATMs; MoneyGram Faces Lawsuit Over XRP
March 02, 2021

Crypto users can now buy dogecoin with cash at 1,800 CoinFlip ATMs across the U.S., according to CoinDesk, citing a tweet from CoinFlip. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Retail
Shopping Malls Lose $4 Billion In Value After Reappraisals
March 02, 2021

Shopping malls, once a vital part of the American landscape and the backbone of the retail industry, have seen real estate values plummet an average of 60 percent in 2020, Bloomberg reported on Tuesday (Mar. 2). Get the Full Story Complete the form to unlock this...

Artificial Intelligence
Does The Postmates Robotics Spinoff Signal The Rise Of The Machines?
March 02, 2021

Postmates/Uber is spinning out its robotics arm, focused on last-mile delivery. The trend is inexorable: Get ready for the rise of the machines, at the literal doorstep. No one wants to touch anything they don’t have to. Not now, not even as vaccines are rolling...

B2B Payments
FreshBooks Teams With Salt Edge For SMB Open Banking Tech
March 02, 2021

Accounting software company FreshBooks has teamed with open banking technology provider Salt Edge to help their expanding European Union customer base handle finance workflows in a simpler fashion, according to a Tuesday (March 2) announcement. Get the Full Story Complete the form to unlock this...