"Executives from some of Australia’s largest banks say social media and telecommunications companies are not doing enough to fight scams and fraud on their platforms, as the country’s financial giants reveal they are testing a new layer of security billed as a...
Project Spectrum: Using Generative AI to Enhance Inflation Nowcasting
"The Bank for International Settlements (BIS) is launching Project Spectrum to explore how generative artificial intelligence (AI) can be used to automatically categorise billions of individual product descriptions and price observations to improve inflation...
ACI Worldwide Scamscope Projects APP Scam Losses to Hit $7.6 Billion by 2028
"Authorized push payment (APP) scam losses are on the rise, expected to climb to $7.6 billion by 2028 across six leading real-time payment markets (U.S., U.K., India, Brazil, Australia and UAE), according to the latest Scamscope report from ACI Worldwide in...
Why Bank Cards Are Changing in France
"Bank cards in France are set to change with the card number, expiry date and security code no longer set to be visible, in new measures designed to fight fraud and scams. With the new style of card, you will not have to enter any numbers to confirm purchases....
UnionPay Payments Now Accepted on Auckland Public Transport, Enhancing Travel for UnionPay Cardholders in Auckland
"UnionPay International announced, marking a milestone in New Zealand’s public transport sector, all Auckland Transport buses, trains, and most ferries now accept UnionPay contactless card payments, offering residents and visitors a faster and more flexible way to...
Small Business Owners Are Optimistic About the Holiday Shopping Season and Say Community Support Keeps Them Thriving According to New American Express Survey
"American Express today released results from the 2024 American Express Shop Small Impact Study*, which highlights the power of supporting local businesses this Small Business Saturday (November 30) and how these business owners rely on their local communities to...
Visa, Mastercard Executives on Defense Over Dominance in Card Payments and High Swipe Fees
"Credit card giants Visa and Mastercard are on defense against accusations that the fees they charge retailers for processing credit cards are running up costs for businesses and consumers in an industry that is mostly dominated by two companies. Amid pressure from...
PayPal PYUSD To Bring Speed and Reduced Costs to Cross-Border Payments with Xoom
"PayPal announced it will be enabling disbursement partners to use PayPal USD (PYUSD) to settle cross-border money transfers made with Xoom. Cebuana Lhuillier and Yellow Card will be the first Xoom disbursement partners to use PYUSD to settle cross-border money...
Klarna to Launch on Google Pay
"Klarna will soon be available on Google Pay. Starting next year, Google Pay users in the U.S. can choose Klarna’s interest-free payment options at checkout."
When Synthetic Identities and Artificial Intelligence Collide
"Depending on what you read and who you speak with, generative artificial intelligence (Gen AI) is either a big problem or the solution to a multitude of challenges. It can be both in the case of synthetic identity fraud, as explained in a new downloadable resource of...