PaymentsJournal

Despite concerns about bad actors using artificial intelligence to perpetrate fraud, there are encouraging signs that AI is helping organizations combat it. In an FIS survey of business and tech leaders, 78% of respondents said that AI has improved their company’s fraud detection and risk management strategies. Nearly half reported that, as a result, their company plans to increase investment in AI over the next two years. #fraud #agenticcommerce #AI #AIagents #frauddetection Link in comments below.

In a move that has the potential to usher in a new era of cross-border payments, Sling Money is introducing its US and European Virtual Accounts—combining the accessibility of traditional payment rails with the efficiency of tokenization. According to Sling Money, these accounts will go beyond peer-to-peer transactions, enabling users to receive payments in their local currency from multiple locations around the world. Designed as a global equivalent to Venmo, Sling Money lets users route payments into either a U.S. account and routing number or a European IBAN. This means they can receive funds in both dollars and euros—directly into their Sling Wallet. Read more: https://ow.ly/f0eS50VZwBT #payments #crossborder #p2p #stablecoin #tokenization

For the 18th year running, gift cards topped wish lists as the most requested holiday present—solidifying their role as a cornerstone of seasonal giving. With more occasions to gift than ever before, demand is surging, and retailers can’t afford to miss the opportunity. Blackhawk Network's Sarah Kositzke, Global Research Lead and Hilary Spidaliere, Director of Product Marketing, as well as Jordan Hirschfield, Director of Prepaid at Javelin Strategy & Research discuss what leading brands are doing to keep their gift cards front and center with consumers—and how they’re using them as a powerful growth engine for their businesses. #payments #giftcards #prepaid #merchants #retailers Link in comments below.

In response to fraud attacks that increasingly target individuals, there have been continued calls to ramp up consumer education. Many financial institutions have introduced security centers in mobile banking apps that are designed to keep customers informed on the latest threats. Although this is a positive step, as Lea Nonninger, Digital Banking Analyst with Javelin Strategy & Research, found in the report Security Centers in Digital Banking: How to Tell an Empowering Story of Prevention, Detection, and Resolution that many security centers still have room to improve. Read more: https://lnkd.in/e4ywcWnQ #fraud #security #digitalbanking #mobilebanking

Business-to-business (B2B) payments dominate the global payments landscape, and Visa is launching a platform designed to connect the major players. The card company noted that its Commercial Integrated Partners program provides an ecosystem that banks can leverage to offer enterprise clients a range of services, including expense management, a mobile app, and tokenization of virtual cards. Read more: https://ow.ly/J3Nk50VX73Y #payments #B2B #expensemanagement #commercialpayments #mobilepayments #virtualcards

Consumers may be becoming more savvy about using buy now, pay later (BNPL), also referred to as pay-over-time options. Most people who used longer-term payment plans in the past year chose to pay off the loan over six months or more, even when they could afford to pay upfront. Research from Affirm suggests that consumers are increasingly using such payment methods as a way to manage their cashflow. This aligns with separate data from Bankrate, which shows that BNPL usage is not primarily among those who can’t afford their purchases, but remains relatively consistent across all income levels. Read more: https://ow.ly/sYTi50VX6Kx #payments #BNPL #BuyNowPayLater #PayOverTime #hiddenfees

When a driver misplaces their fleet card or uses it to fuel a personal vehicle, the consequences can be significant for the organization. Shifting to digital payments can help alleviate these pain points, yet many fleet managers have been hesitant due to concerns about maintaining control. Parker Pierce of Highnote, and Ben Danner of Javelin Strategy & Research, discuss the challenges fleet managers face with current payment systems, the benefits of emerging technologies, and strategies for modernizing fleet payments. #payments #fleetmanagement #digitalpayments #fleetcard #embeddedpayments Link in the comments below.

REGISTER NOW: https://ow.ly/jHFw50VX4oI The payments landscape is rapidly evolving, and digital assets are at the forefront of this transformation. From stablecoins to blockchain-powered cross-border payments, financial institutions and fintechs are rethinking how money moves across borders. Joanie Xie of Ripple and James Wester of Javelin Strategy & Research, explore the latest trends, regulatory considerations, and real-world applications of digital assets in payments—and how custody is the critical underlying enabler to engaging with digital assets. REGISTER NOW: https://ow.ly/jHFw50VX4oI #payments #digitalassets #stablecoins #crossborder #blockchain

By building around a model whereby users must find the most energy-efficient sources to unearth new assets, bitcoin mining helped to create a new system of computing. Linking a range of computing systems, decentralized physical infrastructure networks (DePIN) reduce processing costs as well as risk. These complex computing networks are also finding new use cases in areas like artificial intelligence and tokenization. The benefits of decentralized computation and infrastructure networks outweigh other computing methods in use today, according to Joel Hugentobler, Cryptocurrency Analyst at Javelin Strategy & Research But he warns that this technology is still immature, so businesses must be careful and consider every aspect before moving to implement it. Read more: https://ow.ly/W7ks50VX4cq #AI #bitcoin #dataservers #decentralized #technology

In its first major announcement since Barclays US took over the business, General Motors is relaunching its rewards credit cards with changes to how points are earned and redeemed for automotive purchases. Barclays has overhauled the program, consolidating several branded rewards programs into a single, streamlined offering. Instead of Cadillac Rewards, Chevy Rewards, Buick Rewards, and GMC Rewards, all benefits will now be offered through the My Rewards program. Ralph Darmo, Head of GM Rewards, told the Detroit Free Press that the points can now be used across all GM brands for the purchase of a new or used GM vehicle, effective immediately. Read more: https://lnkd.in/ewCxvXqH #payments #creditcards #rewards #points #autos