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Mastercard Doubles Fraud Detection Rate With Generative AI

Mastercard Doubles Fraud Detection Rate With Generative AI
Mastercard Doubles Fraud Detection Rate With Generative AI
July 24, 2024  |  Security & Fraud

Mastercard has unveiled a new approach to identify compromised payment cards, leveraging a combination of generative artificial intelligence and graph technology. The company reports that...

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New Data: Gen Z Leads the Way as Digital Wallets Surge in the UK
New Data: Gen Z Leads the Way as Digital Wallets Surge in the UK
July 24, 2024  |  Digital Payments

Digital wallets are becoming popular among consumers in the United Kingdom. In fact, nearly half (44%) of consumers in the country expect to continue using...

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FedNow’s First Year: Path to Critical Mass Requires Time and Education
FedNow’s First Year: Path to Critical Mass Requires Time and Education
July 24, 2024  |  Digital Payments

A year after its launch, the FedNow® Service, the instant payment service introduced by the U.S. central bank last July 20, has seen 900 banks sign...

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Trending: AI Gets Smarter on Fraud and Financial Crime as New Models Boost Security
Trending: AI Gets Smarter on Fraud and Financial Crime as New Models Boost Security
July 24, 2024  |  artificial intelligence

In a world inundated with data, traditional methods of financial crime detection are becoming inadequate. Get the Full Story Complete the form to unlock this...

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3 Big Ideas From PYMNTS Intelligence’s Restaurants’ Digital Transformation Report
3 Big Ideas From PYMNTS Intelligence’s Restaurants’ Digital Transformation Report
July 24, 2024  |  Restaurant innovation

The restaurant industry faces a pivotal opportunity with the rise of frictionless digital payments, responding to growing customer demand for convenience. Despite these advancements, adoption...

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Visa: 80% of Face-to-Face Transactions Internationally Are Tap to Pay
Visa: 80% of Face-to-Face Transactions Internationally Are Tap to Pay
July 23, 2024  |  VISA

Visa’s fiscal third quarter results showed continued momentum in new payment flows — and further embrace of contactless payments in brick-and-mortar, face-to-face transactions. Get the...

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Commerce Department to Release Rules on Connected Vehicles
Commerce Department to Release Rules on Connected Vehicles
July 23, 2024  |  Connected Economy

The U.S. Commerce Department plans to unveil proposed regulations next month concerning connected vehicles, with a specific focus on critical software components manufactured in China...

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Earnings Season Shows Companies Still Spending on Corporate Cards
Earnings Season Shows Companies Still Spending on Corporate Cards
July 23, 2024  |  Earnings

As banks weighed in this month with their earnings reports, Wall Street has focused on earnings per share, investment banking revenues and the state of...

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Exclusive: Matera Builds on Pix Success With Digital Twins and QR Codes in US Expansion
Exclusive: Matera Builds on Pix Success With Digital Twins and QR Codes in US Expansion
July 23, 2024  |  Real-Time Payments

The eternal debate in financial services technology boils down to build vs. buy,  and whether to rip and replace core banking operations. Banks have invested...

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