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September 18, 2023

On the web

September 7, 2023

On the web

September 6, 2023

On the web

September 5, 2023

On the web

September 1, 2023

On the wires

August 31, 2023

On the web

Self Checkout Could Be Making Americans Lonelier

Business Insider

"Americans are lonelier than ever, and self checkout could be part of the problem. Retailers are increasingly relying on self-checkout kiosks. The technology may save on labor, but it's also cutting down on what social scientists call "weak ties," or casual relationships like those between customers and cashiers, the Los Angeles Times reported on Monday."

Why Verizon, AT&T and T-Mobile Want to Access Your Bank Account [WSJ]


"Wireless carriers want to give you a monthly discount. You just have to pay them with your bank account. Some already offered $5 or $10 monthly discounts for setting up automatic payments. Over the past few months, these companies have shifted their offers to require customers to link a debit card or bank account—specifically not a credit card—to get the discount." [Subscription Required]

August 30, 2023

On the web

ATM Fees Hit High of $4.73


"The average fee for out-of-network ATMs reached an all time high this year of $4.73, surpassing the previous high of $4.72, according to a report by Bankrate."

August 25, 2023

On the web

SoftPOS Offers Many Advantages, But a Few Drawbacks, Too

Digital Transactions

"The recently developed ability to accept card payments on an ordinary smart phone, with no additional hardware, has electrified the payments industry. But the technology, known as SoftPOS, comes with complications that could slow progress, a panel of experts warned Thursday."

August 14, 2023

On the web

World Pay: Revolutionizing P2P Payments Through Cryptographic Proof

GlobeNewswire News Room

"The global financial system has undergone multiple changes throughout its lifetime. First, with the introduction of the gold standard, then with advancements in banking communications, digitized international trade and investment, and remittances....World Pay (WPAY) is the newest creation that seeks to build on the P2P and blockchain revolution to make finance more direct and transparent.

August 10, 2023

On the web

Unleashing the Power of Liveness Detection: A Game-Changer in the Battle Against Deepfakes

Biometric Update

"The generative AI revolution is here. With its ability to augment human intelligence and effort in a wide variety of fields including healthcare, robotics and creative endeavors, it is no wonder that the global market for generative AI is predicted to be $110 billion by 2030. However, this rapidly advancing technology also starts to seriously question whether the image, audio or video that you just experienced is real or an AI-generated deepfake."

ISO 20022 Coins


"What are ISO 20022 Coins? An ISO 20022 coin is a digital currency that adheres to the international standard ISO 20022 for electronic data interchange between financial institutions."

On the wires

PULSE® Extends Debit Fraud Detection Agreement with FICO®


"PULSE, a Discover® Financial Services company and operator of the PULSE debit network, has agreed to an extension of its partnership with global analytics software provider FICO. PULSE and FICO collaborate to deliver market-leading fraud-detection technology that reduces losses and risk exposure for financial institutions, merchants and consumers worldwide."

August 9, 2023

On the web

On the wires

US Fed Clarifies Process for Banks to Transact in Stablecoins


"State banks that are a member of the U.S. Federal Reserve system should obtain a written supervisory nonobjection from the Fed before issuing, holding or transacting in dollar tokens used to facilitate payments, such as stablecoins, the central bank said in a new supervisory letter Tuesday."

August 4, 2023

On the web

August 3, 2023

On the web

Digital Dollar Project Launches Retail CBDC Pilot with Western Union Focused on Cross-Border Payments


"The Digital Dollar Project today announced the completion of a pilot study conducted in collaboration with The Western Union Company, BDO Unibank, Inc. in the Philippines, and support from Accenture. This collaboration represents the Digital Dollar Project's latest private sector efforts in support of the exploration and experimentation of a central bank digital currency (CBDC) in the United States."

What Is a CBDC and Why Do Central Banks Want Them?

Washington Post

"Money is undergoing its biggest reinvention in centuries. With many consumers abandoning physical cash and cryptocurrencies evolving fast, central banks are on the move to ensure they don’t fall behind on innovation. The goal is a digital form of legal tender that can compete with private-sector alternatives by being safer and cheaper to use."

August 2, 2023

On the web

August 1, 2023

On the web

July 28, 2023

On the web

Is the Digital Dollar Dead?

MIT Technology Review

"Prominent politicians want to make sure a central bank digital currency never happens in the US—just as we’ve learned the basics of how one might work."

July 20, 2023

On the web

July 18, 2023

On the web

July 14, 2023

On the web

Verde Payments Rolls Out Powerful Merchant Protection Tools


"Verde Payments is announcing a suite of tools to aid merchants with chargeback problems. This ala carte service is now available through the FraudDeflect Product Suite. Of particular note is the new Visa Compelling Evidence 3.0 service tool that can erase chargebacks and stop chargebacks for existing subscription customers."

July 11, 2023

On the wires

Chargeback Surge in UK Mirrors US Trend, Intensifying Merchant Challenges

PR Newswire

"Justt, the chargeback mitigation pioneer, has unveiled a new study pinpointing a worrying trend in consumer chargeback behaviors impacting merchants in the United Kingdom and the United States. The research shows that over 75% of respondents in both countries lodged at least one credit card payment dispute in the period from May 2022 to May 2023."

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