PYMNTS-MonitorEdge-May-2024

PYMNTS AM Radar: Outsmarting Fraudsters; Bitcoin History Tell-All; BNPL Regs; Faster Access; ICYMI

pymnts am radar fraud, bitcoin, crypto, metaverse, wages, real time, payments

Today is Wednesday, June 22 and Google News is turning 20 this year and getting a facelift. The redesign is inspired by user feedback and focused on personalization.

Proteus is Amazon’s first fully autonomous mobile warehouse robot — it has the ability to pick things up and put them down while also moving items around.

It’s Take Your Dog to Work Day, the Biden Administration wants to remove almost all nicotine from cigarettes, and the price of haircuts are up the most since 1982. Here’s what else should be on your radar this morning. 

Outsmarting Fraudsters. NeuroID CEO Jack Alton told PYMNTS’ Karen Webster that there are three telltale ways to reveal a cyberthief is at work, the first being detecting human versus machine behavior. Behavioral as a technology is hard to fake, Alton said, and will increasingly become an added layer of security to the “top of funnel” mix. READ MORE

Bitcoin History Tell-All. Bitcoin is down 70% from its November all-time high, but has it reached bottom?  Stephen Pair, CEO of bitcoin payments firm BitPay, told PYMNTS’ Karen Webster that now is the time for experienced investors to think about getting back into the crypto market and figuring out bitcoin’s bottom. READ MORE

BNPL Regs. Jaidev Janardana, CEO at U.K. challenger bank Zopa, told PYMNTS that he welcomes the new buy, now pay later (BNPL) mandates. Janardana said it’s a new era of BNPL 2.0 centered on regulation and consumer protection. READ MORE

Faster Access. Managed disbursements platform Onbe CFO Brian Levin told PYMNTS that gig workers need fast access to wages and often rely on expensive routes like payday loans. Companies can attract and retain gig workers by offering faster access to their funds via early wage access or faster access to real-time payments. READ MORE

ICYMI. Lowe’s is making virtual products available at its metaverse hub, no charge. Other brands entered the metaverse with products via a virtual platform or game such as Fortnite. Lowe’s metaverse can be used to visualize home improvement projects, but it’s a platform that’s meant for users to explore and is a work in progress. READ MORE

PYMNTS-MonitorEdge-May-2024