April 18, 2024
GenAI Bridges Small Business Lending Gap
An unavoidable truth in business is that it frequently takes money to make money. And in today’s world, where small and medium-sized businesses (SMBs) often find themselves struggling to secure...
April 18, 2024
Next-Gen Fraud Strategies Use Data to Onboard Customers Safely
Business need to fight fraud with data, says Bryan Lewis, CEO of Intellicheck. He breaks it down in the new PYMNTS eBook, “The Implications of Uncertainty.” Data breaches and mail theft...
April 18, 2024
Why Europe Must End Its 30-Year Digital Winter to Ensure...
In the last 30 years, Europe — defined here as the EU plus the U.K., Norway and Switzerland — has created few leading digital businesses compared to the U.S. and...
April 17, 2024
GoDaddy and Upwork Partner to Connect Businesses and Web Designers
GoDaddy will join the Upwork Partners program to connect businesses that are looking for web services with web designers and developers who fit their project’s needs. The company will become the first web...
April 17, 2024
Cognizant and FICO to Launch Real-Time Payments Fraud Prevention Solution
Cognizant and FICO plan to launch a cloud-based real-time payments fraud prevention solution designed for North American banks and other payment service providers. The joint offering would leverage both firms’ artificial intelligence...
April 17, 2024
NSA Warns of AI Cybersecurity Risks, Urges Businesses to Bolster...
The National Security Agency (NSA) is sounding the alarm on the cybersecurity risks posed by artificial intelligence (AI) systems, releasing new guidance to help businesses protect their AI from hackers. ...
April 17, 2024
Small Businesses Face Uphill Battle in AI Race, Says AI...
Small and medium-sized businesses will struggle to keep pace with tech giants like OpenAI in developing their own artificial intelligence (AI) models, according to a new report from Stanford University. ...
April 17, 2024
Digital Tools Go for Gold at Paris Summer Olympics
As the 100-day countdown to the 2024 Paris Olympic and Paralympic Games begins, anticipation is not just limited to the athletic feats but also the digital innovations poised to shape the spectator...
April 17, 2024
Fiserv Debuts Restaurant Kiosks as Self-Service Gains Ground
Payments firm Fiserv has debuted a self-service solution for the restaurant industry. The company’s new Clover Kiosk — and an enhanced 24-inch Clover Kitchen Display System — are designed to integrate with...
Generative AI’s use in the telecommunications industry is increasing, with 87% of telecom executives seeing its potential to enhance customer relations and experience, but 68% of telecoms also admit they are insufficiently addressing the risks associated with the technology. The latest edition of the “Generative AI Tracker®,” a collaboration with AI-ID, examines why three-quarters of telecoms see a need to do more to combat AI fraudsters, underscoring the tension between innovation and robust security.
Although authorized party fraud accounts for only 37% of FIs’ fraud losses in dollars, these types of attacks are the most likely to impact customer satisfaction and retention — something FIs cannot overlook. PYMNTS Intelligence’s latest 29-page report, “Leveraging AI and ML to Thwart Scammers,” a collaboration with Hawk, contains 8 charts of proprietary data examining the role of ML and AI to help keep fraudsters from getting the upper hand