PYMNTS-MonitorEdge-May-2024

Connected Economy

The innovations in technology, connected devices, software, payments and cellular technology make it possible for people and businesses to connect with each other and do business via any device, an in any digital or physical location safely, securely, and in real time. This integration of the digital and physical worlds will transform the economy across the ten pillars that today represent its key cornerstones – pillars that are already experiencing the impact of disruptive innovation as new blended, digital-first experience-driven ecosystems are now taking shape.

Visa Reportedly Weighing $925 Million Featurespace Acquisition
Visa Reportedly Weighing $925 Million Featurespace Acquisition
August 25, 2024  |  Acquisitions

 Visa is reportedly considering a multimillion-dollar bid for fraud-prevention firm Featurespace. The payments giant is in advanced talks about a possible sale, Sky News reported...

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FCA Chair Allegedly Revealed Whistleblower’s Identity
FCA Chair Allegedly Revealed Whistleblower’s Identity
August 25, 2024  |  Regulation

The head of England’s financial watchdog has reportedly been accused of violating a whistleblower’s confidentiality. Ashley Alder, chair of the Financial Conduct Authority (FCA), allegedly...

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Prize-Linked Neobank PrizePool Shutters App Ahead of Acquisition
Prize-Linked Neobank PrizePool Shutters App Ahead of Acquisition
August 25, 2024  |  Digital-First Banking

 Neobank PrizePool is reportedly shutting down its consumer app amid an acquisition.  That’s according to a report Sunday (Aug. 25) by Fintech Business Weekly, which...

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Businesses Can Navigate Returns Fraud Without Alienating Consumers, Loop CEO Says
Businesses Can Navigate Returns Fraud Without Alienating Consumers, Loop CEO Says
August 23, 2024  |  Security & Fraud

Returns fraud and policy abuse have surged to unprecedented levels, with U.S. merchants losing an estimated $101 billion in 2023 due to these issues. In...

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China’s AI Price War May Spark Global Tech Showdown, Industry Insiders Say
China’s AI Price War May Spark Global Tech Showdown, Industry Insiders Say
August 23, 2024  |  artificial intelligence

Chinese tech giants are slashing prices on artificial intelligence (AI) models, and Silicon Valley is feeling the heat. The fierce competition, initially triggered by companies...

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Amazon Refreshes Catalog of Kid-Focused Content on Amazon Kids+
Amazon Refreshes Catalog of Kid-Focused Content on Amazon Kids+
August 23, 2024  |  Amazon

Amazon is updating its kid-focused content service, Amazon Kids+, to include new shows, books, podcasts and games, the company said in a Friday (Aug. 23) press...

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Do GM Layoffs Signal a Speed Bump for Connected Cars?
Do GM Layoffs Signal a Speed Bump for Connected Cars?
August 20, 2024  |  Connected Economy

Layoffs signal that a company is changing strategies, pulling back … maybe the market demand is not there that had been anticipated. In the wake...

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Cybercrime Goes Corporate as Ransomware Gangs Seek Bigger Payouts
Cybercrime Goes Corporate as Ransomware Gangs Seek Bigger Payouts
August 20, 2024  |  Security & Fraud

In periods of softening consumer spend, businesses are increasingly turning to the vast B2B marketplace to boost their bottom-line. They aren’t alone. Criminals have taken...

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Payments Leaders Share How Business Threats Become Innovation’s Stepping Stones
Payments Leaders Share How Business Threats Become Innovation’s Stepping Stones
August 20, 2024  |  Opinion

  It’s not just the known challenges that companies must be wary of — it’s the unexpected threats that can suddenly appear and disrupt even...

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