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Boston Market On Tapping AI To Combat Fraud And Meet Mobile Customers’ Needs

PYMNTS

One restaurant that is working to incorporate AI into numerous parts of its operations is Boston Market , a Colorado-based fast-casual chain that has 330 locations in 37 states. I’m very excited about what AI can do for restaurants, and we are looking at how it fits with Boston Market right now,” he said. “I

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Boston Market Deploys AI To Fight Fraud, Improve ROI

PYMNTS

to provide its dispute management solutions to the latter’s security platform. Verifi said its Inform solution offers fraud and dispute alert notifications and allows merchants to manage disputes and prevent chargebacks. Boston Market On The Fraud-Fighting, Customer Service-Enhancing Power Of AI.

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Fed Names New Payments Security Leader

PYMNTS

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. Treasury and financial market, among other responsibilities.

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Citi: Healing Broken PPE Supply Chains With Streamlined Cross Border Payments

PYMNTS

But in a collaborative effort with Flywire , Citi Commercial Bank is working to accelerate these transactions for Boston-area hospitals that need equipment fast. to China within only a few hours in order to secure a PPE shipment for healthcare providers. Accelerating PPE Procurement. Paving Way For Faster B2B Payments.

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Fed Task Force Releases Payment Lifecycles And Security Profiles

PYMNTS

Through the collaborative efforts of those with backgrounds in payments and security, the Federal Reserve’s Secure Payments Task Force has published “Payment Lifecycles and Security Profiles.” They also cover security methods — and identity management controls — along with relevant laws and regulations, among other topics.

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FedNow implementation: What fraud and AML professionals need to know

Abrigo

ACH credit and debit transfers and mobile personal payment options like Venmo can take hours or days to settle between the sender and receiver’s accounts, even if information confirming transfer requests is conveyed more quickly. The sender’s bank submits the payment information to the FedNow Service.

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Merchants Ready For Open Banking — And Its New Laws — To Impact US Rollout

PYMNTS

the Federal Reserve Bank of Boston said, “To date, U.S. Open banking, in brief, securely shares and analyzes data allowing financial institutions (FIs) and FinTechs to iterate and ideally create wonderful new money products that people will love. It’s part of that “stand back” posture the Boston Fed noted in its March brief.

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