Money rarely sits still, and in the world of payments technology, artificial intelligence (AI) is emerging as a driver of innovation. “My vision for the future is to make payments disappear into the background,” Gaurav Singal, CTO at Cantaloupe, told PYMNTS for the series “What’s...
There are more than a few factors tied to success during the holiday season. To put it mildly, the season is as much about stress as it is about giving. Merchants are tallying up the sales at the (virtual) registers as their transaction volumes take...
Credit card fraud is a rising concern for American consumers, with nearly 1 in 3 reporting fraudulent charges in the past year. As incidents of fraud increase, so does consumer anxiety, with 37% of individuals expressing heightened worry. A PYMNTS Intelligence report, “Credit Card Fears...
With financial institutions (FIs) fortifying their defenses and evolving their strategies against digital payment fraud, criminals are turning to a new weak spot: the customers themselves. Gone are the days of clunky phishing emails riddled with typos. Today’s fraudsters are using advanced social engineering scams...
January 21, 2025
In an era of rapid technological evolution, few industries are as poised for transformation as banking and payments. It is a transformation that’s already underway, with technologies like generative artificial intelligence (GenAI). “Governance, cost and utility form the three points of the [GenAI] triangle we’re trying to balance. Getting it right will unlock transformative possibilities for […]
January 21, 2025
Money rarely sits still, and in the world of payments technology, artificial intelligence (AI) is emerging as a driver of innovation. “My vision for the future is to make payments...
December 11, 2024
There are more than a few factors tied to success during the holiday season. To put it mildly, the season is as much about stress as it is about giving....
December 05, 2024
Credit card fraud is a rising concern for American consumers, with nearly 1 in 3 reporting fraudulent charges in the past year. As incidents of fraud increase, so does consumer...
October 16, 2024
With scammers becoming more and more sophisticated, Swift is bolstering its AI-enhanced fraud detection capabilities. The global messaging service announced Wednesday (Oct. 15) that it will begin offering this service to the payments sector beginning in January, following a pilot earlier this year and extensive collaboration with banks around the world. “Bad actors are using increasingly sophisticated tactics to […]
September 02, 2024
The Centre for Finance, Innovation and Technology (CFIT) has formed an anti-financial crime group. The U.K.-based group announced the effort Monday (Sept. 2), noting it had recruited several tech and...
August 13, 2024
Experian has added behavioral analytics to its fraud detection capabilities by acquiring NeuroID. Adding this new layer of insight into digital behavioral signals for both new and returning users will help combat...
June 13, 2024
Oscilar has added an artificial intelligence (AI)-powered ACH Fraud Detection product to its lineup of risk technology solutions for FinTechs and financial institutions. The new solution uses machine learning (ML)...
