Payments Dive

JUNE 12, 2024

“Since many of these deepfake software services accept credit cards, payments providers are on the front lines of detecting these companies,” writes one corporate compliance officer.

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Payments Compliance Software Cards 356

BankInovation

JUNE 12, 2024

ING is running a generative AI-driven chatbot pilot in the Netherlands before it plans to scale the technology. The pilot funnels only 2.5% of clients’ chats into its gen-AI chatbot, Chief Analytics Officer Bahadir Yilmaz told Bank Automation News at the recent Money2020 Europe event in Amsterdam.

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Analytics Technology 120

Payments Dive

JUNE 12, 2024

The P2P ‘Tap to Cash’, which enables iPhone users to transfer money by holding their phones together, was unveiled along with a slate of other features Monday.

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Apple 448

TheGuardian

JUNE 12, 2024

Some users say they were forced into overdrafts because past transactions were repeated Business live – latest updates Co-operative Bank customers have hit out at the lender after a glitch led to payments being taken twice from some business accounts. Customers said they had been pushed into their overdrafts because of the problem, which has resulted in previous payments, sometimes made several weeks before, being duplicated.

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Payments Operations 88

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Identity fraud costs businesses billions as fraudsters create perfect fake IDs that fool traditional verification methods. Visual inspection and OCR technology fail because modern fakes are nearly undetectable to human eyes and basic scanning. Even machine learning struggles with lighting, focus, and sophisticated counterfeits. The shocking truth: most verification only checks what you can see, ignoring the authoritative data hidden in ID barcodes.

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Payments Dive

JUNE 12, 2024

A week after dropping American Express, the online auctioneer said it will now accept payments through Venmo, which is popular among Gen Z and millennials

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Millennials Online Payments 431

BankInovation

JUNE 12, 2024

Technology provider Temenos will integrate Mastercard’s Mastercard Move solution to provide banks with international money transfer capabilities. Mastercard Move will enable Temenos’ bank clients to use a range of options to cost-effectively route and deliver money, according to a June 4 Temenos release.

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Payments Cards Technology 74

American Banker

JUNE 12, 2024

An iOS 18 update will enable a Tap to Pay-like system for peer-to-peer payments. Meanwhile, will BNPL rules be different in Australia than in the U.S.?

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Apple Payments System Technology 78

The Paypers

JUNE 12, 2024

Ripple has partnered with the National Bank of Georgia to explore ways to digitise the country’s local economy.

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Georgia National 69

American Banker

JUNE 12, 2024

After a disruption in February, LockBit roared back in May, highlighting persistent cyber threats to the financial sector.

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Cyber Security Security Technology 69

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The Paypers

JUNE 12, 2024

NMI has announced a new Shopify integration that provides ISO partners with more choices for merchant payment offerings, along with better security and compliance.

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Compliance Security Payments 68

American Banker

JUNE 12, 2024

The fintech industry has introduced unprecedented new levels of competition in the financial services sector. The Consumer Financial Protection Bureau's new proposed rules would stifle it.

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Fintech Industry Policies Compliance 64

The Paypers

JUNE 12, 2024

As the official payment sponsor of UEFA EURO 2024, Alipay+ has announced plans of expanding cross-border mobile payments and launching offers for partner e-wallet users.

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Payments Mobile 61

BankInovation

JUNE 12, 2024

Starling Bank reported its third annual profit after higher interest rates helped boost revenue, as the British mobile lender seeks to roll out its banking software globally. The bank posted a pretax profit of £301.

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Software Mobile Report 57

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Commercial Lending USA

JUNE 12, 2024

Finding the top hotel construction lenders is essential to getting money for your hotel construction project.

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Lending 52

ABA Community Banking

JUNE 12, 2024

CFPB should incorporate stakeholder feedback as it finalizes the rule to “reduce ambiguity” and to ensure “an effective rollout that limits disruptions to consumers," the groups said. The post ABA, trade groups ask CFPB to consider small firms’ needs as it finalizes Section 1033 rule appeared first on ABA Banking Journal.

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Groups Community Bank Community Compliance 52

The Paypers

JUNE 12, 2024

German banks are reportedly deciding to shut down paydirekt / Giropay and support the European Payments Initiative (EPI).

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Report Payments 50

The Financial Brand

JUNE 12, 2024

This article Gen Zers Overlook Brand Messaging: Here’s How Banks Can Capture Their Loyalty. appeared first on The Financial Brand. If community banks and credit unions don't capture Zoomers' attention, they stand to lose business to competitors like fintechs and neobanks. This article Gen Zers Overlook Brand Messaging: Here’s How Banks Can Capture Their Loyalty. appeared first on The Financial Brand.

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Branding Community Bank Community Fintech 36

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The Paypers

JUNE 12, 2024

Affirm has announced its partnership with Apple Pay in order to enable the latter’s users and clients to tap into BNPL loans from Affirm later this year.

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Apple 41

American Banker

JUNE 12, 2024

Like its Wall Street rival Morgan Stanley, Citi sees a path to trillions in client assets in its workplace division.

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Management 36

The Paypers

JUNE 12, 2024

US-based Dash Solutions has expanded its collaboration with Visa , utilising Visa Direct, Visa's digital payment network.

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Payments US 41

American Banker

JUNE 12, 2024

A House Financial Services Committee's hearing on workplace misconduct at the Federal Deposit Insurance Corp. Wednesday offered Republicans an opportunity to call for FDIC Chair Martin Gruenberg's immediate resignation, but Democrats pushed back against the implication that Gruenberg alone is to blame.

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FDIC Policies Compliance Regulation 36

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The Paypers

JUNE 12, 2024

Digital ID verification provider IDVerse has made its Generative AI (GenAI) trained identity verification solution available on Temenos Exchange.

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Training 41

American Banker

JUNE 12, 2024

Former executives from two banks that collapsed within two weeks of each other spoke Tuesday about lessons to be learned from the crisis.

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Risk Management Management 36

The Paypers

JUNE 12, 2024

US-based Capchase brought its non-dilutive financing service to SaaS startups in Ireland.

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US 41

American Banker

JUNE 12, 2024

Consumer Financial Protection Bureau Director Rohit Chopra pushed back against a new argument posed by Senate Republicans that the bureau may only be funded if the Federal Reserve earns a profit.

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Policies Compliance Regulation 36

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