August 23, 2023
FedNow Is Live but Banks Face Integration Decisions
For banks eyeing what they must do to get on board the FedNow Service to meet customers’ expectations for faster payments and integrate with the first new payments rails in the United...
August 23, 2023
Cost of Payments Acceptance Is Top of Mind for Merchants
Merchants have much on their minds when they interact with Link Money, CEO Eric Shoykhet told PYMNTS. “Cost of payments acceptance — that’s the main focus,” he said. Enterprises want to drive these...
August 23, 2023
The Modern Fraud Dilemma: It’s Good AI Against Bad AI
Generative artificial intelligence (AI) is making everything easier, including scams. Bloomberg reports that the world’s banking industry is “scrambling” to contain the risk of AI-generated criminal attacks. And insiders have repeatedly told PYMNTS...
August 22, 2023
Rise of AI-Powered Deepfake Imposter Scams Threatens Individuals and Banks
Deepfake technology, powered by artificial intelligence (AI), is reportedly becoming a favored tool for criminals engaged in imposter scams, posing a significant threat to individuals and the banking industry. This...
August 22, 2023
Basware Appoints Interim CEO Jason Kurtz to Permanent Role
Basware has appointed Jason Kurtz, who has served as interim CEO since the start of 2023, as its permanent CEO. Kurtz has over two decades of experience in B2B enterprise...
August 22, 2023
Beyond Launches Tally to Streamline Payments for Short-Term Vacation Rentals
Beyond, a revenue management solution for vacation rental managers and owners, has unveiled Tally, a payment processing solution specifically designed for the vacation rental industry. As noted in a Tuesday...
August 22, 2023
Neches Credit Union Picks PSCU For Credit Card Support
Neches Federal Credit Union has picked PSCU for credit card processing services and support. PSCU, a credit union service organization, announced the partnership in a news release provided to PYMNTS Tuesday (Aug. 22)....
August 22, 2023
Bankman-Fried Survives on ‘Bread and Water,’ Pleads ‘Not Guilty’ to...
FTX founder Sam Bankman-Fried is reportedly surviving on “bread and water” in jail as he awaits trial. That’s according to the accused cryptocurrency fraudster’s attorney, who asked a judge during a hearing...
August 21, 2023
Automation Enhances AP/AR Workflows as CFOs Urged to Embrace Advanced...
Automation and artificial intelligence (AI) have become essential tools in the business-to-business (B2B) landscape, transforming various aspects of financial operations and payment processes. For instance, the digitization and automation of...
