July 29, 2024
UK’s Open Banking Milestone: What 10 Million Users Mean for...

While open banking starts to gain traction in the U.S., across the pond the banking and payments sector is celebrating milestones. Last week it celebrated ten million active users. Is...

July 26, 2024
India’s Central Bank Fines Visa Over Payment Authentication

The Reserve Bank of India (RBI) said Friday (July 26) that it fined Visa Worldwide Pte. Limited for its use of an unapproved payment authentication solution. “It was observed that...

July 25, 2024
American Airlines CEO: Q2 Profits Plunge 46% Due to Failed...

On Thursday (July 25), American Airlines announced a record second-quarter (Q2) revenue of $14.3 billion. However, net income plunged 46%, to $717 million, while a “bright spot” was its loyalty program....

July 24, 2024
Mastercard Doubles Fraud Detection Rate With Generative AI

Mastercard has unveiled a new approach to identify compromised payment cards, leveraging a combination of generative artificial intelligence and graph technology. The company reports that this method has doubled its...

July 23, 2024
Visa: 80% of Face-to-Face Transactions Internationally Are Tap to Pay

Visa’s fiscal third quarter results showed continued momentum in new payment flows — and further embrace of contactless payments in brick-and-mortar, face-to-face transactions. CEO Ryan McInerney said on the conference...

July 23, 2024
FTC Investigating Companies’ Use of Personal Data to Set Prices

The Federal Trade Commission (FTC) is looking to learn more about companies’ use of personal data to categorize individuals and set individualized prices for the same goods or service —...

July 23, 2024
FTC Launches Study on Data-Driven Targeted Pricing Practices by Eight...

The U.S. Federal Trade Commission has initiated an inquiry into products that enable companies to set different prices for consumers based on their locations, past purchases, and other personal data....

July 23, 2024
Exclusive: Matera Builds on Pix Success With Digital Twins and...

The eternal debate in financial services technology boils down to build vs. buy,  and whether to rip and replace core banking operations. Banks have invested a lot of time and...

July 22, 2024
Samsung-IDEMIA Partnership Brings Mobile IDs to Iowa Drivers

Biometrics firm IDEMIA has teamed with Samsung to bring mobile IDs to Iowa. The collaboration, announced in a news release Monday (July 22), allows Iowa residents to store their mobile...