December 04, 2024
FedDetect Duplicate Notification Service Expanded to Include Commercial Checks
Federal Reserve Financial Services (FRFS) now helps financial institutions combat check fraud by enabling them to see deposit information and images of potential duplicate items for commercial checks. Get the...
December 04, 2024
Will Instant Refunds Change Retail?
December’s dawn brings with it a flurry of retail spending. Gift giving is top of mind, to be sure, but consumers are also treating themselves along the way as promotions...
December 04, 2024
Government Agencies Suggest Practices to Combat Elder Financial Exploitation
Financial institutions play an important role in combating elder financial exploitation and in supporting the victims of these crimes, federal and state agencies said Wednesday (Nov. 4). Get the Full...
December 04, 2024
Metal Cards Carve Out Place as Consumer Defense Against Fraudsters
There’s still a place for the card — the tangible, physical card — in consumers’ wallets. In fact, Adam Lowe, Ph.D., chief product and innovation officer at CompoSecure/Arculus, told PYMNTS that metal...
December 04, 2024
Mastercard Says the Checkout Revolution Will Be Optimized … by...
Digital commerce is growing at a staggering pace. Online transactions have more than doubled over the past four years, placing a new urgency on ensuring seamless checkouts. Get the Full...
December 03, 2024
Sage Debuts AI Tools for Small Business Accounting Teams
Accounting/payroll technology firm Sage is rolling out its AI tool, Sage Copilot. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
December 03, 2024
Shastic and MeridianLink Partner on Workflow Automation for Financial Institutions
Shastic and MeridianLink have partnered to deliver artificial intelligence (AI)-powered workflow automation to banks and credit unions. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
December 03, 2024
New Year, New AML and Compliance Approach for Financial Institutions
It’s almost 2025, but many businesses are still facing the same old anti-money laundering (AML) and know your customer (KYC) concerns, among other compliance requirements. Get the Full Story Complete...
December 03, 2024
Bimbo Seeks $2B in Damages from Maple Leaf Foods in...
Grupo Bimbo, a leading global baked goods company, has initiated legal action against Maple Leaf Foods Inc., seeking damages of C$2 billion ($1.42 billion). The lawsuit stems from Grupo Bimbo’s...
With rising FinTech fraud and convincing deepfakes threatening their bottom lines, more than two in three FinTechs plan to expand their budgets to deploy tech that can detect true human liveness, as discussed in the latest PYMNTS “FinTech Tracker®,” a collaboration with Sezzle.
Companies think their identity systems are working—until the numbers prove otherwise. “The Hidden Costs of ‘Good Enough’: Identity Verification in the Age of Bots and Agents,” a PYMNTS Intelligence and Trulioo collaboration, reveals how “good enough” identity verification quietly drains $95 billion in revenue due to fraud and missed opportunities each year. In the age of bots and agents, complacency isn’t just risky—it’s expensive.