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Boston Market Deploys AI To Fight Fraud, Improve ROI

PYMNTS

The November Mobile Order-Ahead Tracker® explores the impact of AI and how eateries are using the technology to ease their operations, personalize customer offers and fight fraud. Boston Market On The Fraud-Fighting, Customer Service-Enhancing Power Of AI. Around The Mobile Order-Ahead World. About The Tracker .

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NY Man Gets Jail Time For $390K Card Skimming Scheme

PYMNTS

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. From there, they used the information to steal customers’ money from their accounts.

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Deep Dive: Why Contactless Card-Not-Present Transactions Are Gaining New Momentum

PYMNTS

Customers are also looking for options like digital and card-not-present (CNP) transactions that allow them to make eCommerce purchases as smoothly and seamlessly as possible. . Safety Concerns Encourage Contactless Card Use . This technology has witnessed slow adoption in the U.S., One credit card network reported that U.S.

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Gradifi and Radius Offer Cash-Back Toward Student Loans

Bank Innovation

As part of a broader digital-first strategy, Radius Bank partnered with Gradifi, a Boston-based startup, to launch a new MasterCard debit card that will help members reduce student loans. The new debit card will be available in the fall, the company said this morning. Here’s how it works: costumers will Read More.

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Federal Reserve’s Cunha on the State (and Timeframe) of Digital Dollars

PYMNTS

And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there. Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency.

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Fed Exploring ‘Hypothetical’ Digital Currency

PYMNTS

A week after details of the Federal Reserve’s instant payment initiative emerged, news came via Bloomberg that the central bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency.

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Themes & Takeaways From the 2022 Real-Time Payments & Fraud Management Summit 

Perficient

Among its attendees were representatives from The Clearing House (TCH), The Federal Reserve Bank of Boston, and SWIFT, along with some of the largest financial institutions in the U.S. . These services are different from NACHA’s “Same Day ACH,” or Card Network solutions. Themes & Takeaways .

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