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AI Bots Can Help Retailers Serve Customers

PYMNTS

Brands and retailers face a dilemma then: How do companies reach consumers through their phones? As a result, Kolacz is rolling out technology for brands and retailers to connect with customers through messaging platforms such as Facebook Messenger, WeChat , Viber and WhatsApp. The Platform.

Retail 118
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Deep Dive: Why ML Plays A Key Role In Debit Issuers' Fraud-Fighting Strategies

PYMNTS

Two-thirds of card issuers were expected to offer contactless debit products by the end of this year, for example, and 87 percent of all cards are anticipated to be contactless-enabled by the end of 2022. FIs’ card-issuing trends also underscore the growing popularity of touchless purchasing approaches. Understanding Customers. 3D Secure 2.0

Fraud 273
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10 Questions Banks Should Ask About Their Digital Account-Opening Capabilities

Perficient

When customers can apply for the Apple Card, for example , and receive approval and begin using it in minutes, patience with financial institutions that take longer will wear thin. Many banks continue to use knowledge-based authentication and out-of-wallet questions, which have challenges when customers have recently moved.

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

PYMNTS

.” Research into digital payments, of course, is nothing new for the Fed — and as Cunha offered by way of example, a few years ago his bank published research that found value in mobile payment tokenization. Interoperability Is Key. To get there, interoperability is key, said Cunha.

Boston 269
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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

A common example of a generative AI-driven tool that many in the financial services industry are familiar with is ChatGPT, which can produce coherent and diverse texts on various topics. An example of a use case for predictive AI is Signature Bank of Georgia ’s addition of AI-driven check fraud detection software that finds fraud faster.

Examples 221
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‘New Year, New Me’ CX Edition

Gonzobanker

Do any of these examples sound familiar? Personalized offers are presented in digital banking but are invisible to the contact center agent who has dramatically different product knowledge than their counterpart in the branch. Designing goals and incentives that match engagement objectives.

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Worldpay On Staying One Step Ahead of eCommerce Fraud

PYMNTS

Payment processors typically have better information about the broader online transactions space, for example, and merchants complement this perspective with more in-depth consumer data. Merchants can better trust transactions made with cards issued by firms with strong authentication approaches, for example. .

Fraud 153