China’s Alipay has launched what it calls “the world’s first AI Wallet and Token Pay to power agentic economy.” The company announced this offering Tuesday (May 26) as part of a new artificial intelligence (AI) payments infrastructure for companies ranging from AI firms to traditional retailers. “While...
Mastercard says it is renewing its digital payments partnership with CIB, Egypt’s largest private-sector bank. The collaboration will see Mastercard support CIB with things like core digital payments capabilities and card issuance, letting the bank deliver “secure, seamless, and efficient payment experiences for consumers and...
Mastercard is asking some of Brazil’s largest payment processors to pay half the cost of its losses from the failure of Banco Master, Bloomberg reported Friday (May 22). Banco Master’s FinTech Will Financeira issued cards that used Mastercard’s network, and Will’s collapse left Mastercard on the hook to reimburse merchant...
Scams have become the fastest-growing threat to payment security, Visa said in a new report. Criminals have shifted their focus to deceiving humans rather than exploiting technical system compromises because core payment security continues to strengthen, the company said in a Wednesday (May 20) press...
Watch more: The Edit With Visa’s Michele Herron Artificial intelligence has rapidly reshaped how consumers search, compare and decide what to buy. The next leap, agentic commerce, promises something bigger. Digital assistants that not only recommend products but complete purchases autonomously. The promise is powerful....
Mastercard wants to help banks and payment companies separate legitimate merchants and scammers. That’s the goal of Merchant Trust Services, a new strategy that uses Mastercard’s intelligence, cyber and identity capabilities, and analytics to distinguish real merchants from risky ones, both on and offline, according...
Digital bank customers are not just experimenting with new payment methods. They are increasingly reshaping what mainstream payments behavior looks like, particularly as mobile-first consumers lean into digital wallets and become more comfortable moving money directly from bank accounts. The PYMNTS Intelligence report, “Pay by...
PayPal Holdings’ Venmo has rebuilt its app from the ground up as it continues expanding the app to become a more comprehensive commerce and financial services ecosystem. The redesigned Venmo app features a more modern architecture, more personalization around discounts and cash back, and a...
Watch more: What’s Next in Payments With Mastercard’s Kaushik Gopal Both risk and opportunity across the payments industry are being increasingly defined by what happens in a millisecond—and what doesn’t. “What AI (artificial intelligence) has done is enable us, in that real time, in that...