April 29, 2024
With $429 Billion At Stake, Anti-Fraud Measures Prove Pro-Customer
How much did payment fraud cost retailers last year? The answer, according to one analysis, is a cool $429 billion. According to a recently released report from global financial technology provider Adyen, not...
April 29, 2024
Venezuelan Opposition Politician Warns of Crypto Use for Money Laundering
Venezuela is reportedly expected to increase its use of cryptocurrency when the United States reimposes oil sanctions on the country beginning June 1. A Venezuelan opposition politician, Leopoldo Lopez, and a...
April 29, 2024
Microsoft ‘Doubles Down’ on Cybersecurity to Safeguard Connected Economy
The cyberattack on UnitedHealth Group, resulting in a $872 million loss to the health insurer, is just one example of the evolving cyberthreat landscape in today’s connected economy. Beyond mere operational disruptions, such incidents reveal...
April 29, 2024
Mastercard and PrestaShop to Deploy Click to Pay in Europe
ECommerce solution provider PrestaShop has partnered with Mastercard to offer Click to Pay in Europe. The Click to Pay functionality will be integrated into the PrestaShop platform for merchants based...
April 29, 2024
Swift and Veritran Team on Improved Cross-Border Payments
Banking platform Veritran has launched a partnership with financial messaging service Swift. The collaboration, announced Monday (April 29), is designed to help financial institutions to offer customers enhanced and streamlined cross-border payments. “Collaborations such...
April 29, 2024
US-China AI Meeting May Hold Key to Unlocking Global Business...
The upcoming high-level talks between the U.S. and China on artificial intelligence (AI) could have far-reaching implications for the future of global commerce, experts say. U.S. Secretary of State Anthony...
April 29, 2024
‘Killer Robots’ on Agenda as Nations Debate AI Weapons
Austria says the time has come to regulate artificial intelligence (AI) use in weapons systems. Left unchecked, such technology could create “killer robots,” officials in the Alpine country said as they hosted...
April 29, 2024
Conduent Forms Generative AI Partnership With Microsoft
Business solutions and services company Conduent launched an artificial intelligence-focused agreement with Microsoft. The partnership, announced in a Monday (April 29) press release, will begin by exploring generative AI use for healthcare claims management, customer...
April 29, 2024
Only About 60% of Middle-Market Firms Get Paid Using Virtual...
Many middle-market businesses operate in a world of heightened uncertainty, but PYMNTS Intelligence data found that payment solutions such as virtual cards can help mitigate that uncertainty. This is one...
Most eCommerce merchants miss a crucial piece of the security puzzle: Just 33% use screening mechanisms that can identify potential fraud as the cause of failed payments. PYMNTS Intelligence’s latest study, “The Role of Fraud Screening in Minimizing Failed Payments,” a collaboration with Nuvei, draws on insights from 300 executives about the efficacy of eCommerce screening mechanisms.