Innovation/page/2 news and trends

Justt Raises $30 Million for AI-Powered Chargeback Management Platform
Investments // December 19, 2024

Chargeback management firm Justt raised $30 million to bolster its artificial intelligence-powered platform. The Series C round brings Justt’s total funding to $100 million and will allow it to expand into high-growth regions as it aims to reach profitability by 2027, according to a Thursday...

Small Businesses Captured Outsized Gains From 2024’s Payments Innovations
SMBs // December 19, 2024

Payments innovations impacted small- to medium-sized businesses (SMBs) in 2024. For years, SMBs lagged behind larger enterprises in adopting digital payment solutions, hindered by limited budgets, resources and expertise. To this day, many SMBs are operating in a hybrid payment environment, balancing legacy systems with...

Beyond Breaches: Why Security and Trust Are the Real Currency of Payments
Security & Fraud // December 19, 2024

The stakes for fraud prevention and data security are rising with innovation across digital payments. Trust remains the cornerstone of today’s dynamic ecosystem, but it is increasingly tested by a web of risks, including fraud and security vulnerabilities, compliance demands, counterparty reliability, payment failures and...

Mastercard: New Use Cases Prep for ‘Total’ eCommerce Tokenization by 2030
Mastercard // December 19, 2024

Credit cards have long been a catnip for criminals. The lure is undeniable. “Your account number is valuable — it has personal information that if someone gets a hold of, that’s how fraudsters compromise accounts and steal your money,” Pablo Fourez, chief digital officer at...

Interviews & Exclusives
Ingo Payments’ Edwards: 2025 Will Change the Rules for Bank-FinTech Partnerships

December 20, 2024
As the banking and payments sector stands on the cusp of 2025 on a new regulation-averse government worldview, one of the issues that bears watching is the partnerships between banks and FinTechs. As a group, they have created new ways of moving money, across apps, platforms and mobile devices. FinTechs have largely been untested in […]

Beyond Breaches: Why Security and Trust Are the Real Currency of Payments

December 19, 2024
The stakes for fraud prevention and data security are rising with innovation across digital payments. Trust remains the cornerstone of today’s dynamic ecosystem, but it is increasingly tested by a...

Mastercard: New Use Cases Prep for ‘Total’ eCommerce Tokenization by 2030

December 19, 2024
Credit cards have long been a catnip for criminals. The lure is undeniable. “Your account number is valuable — it has personal information that if someone gets a hold of,...

Fraud Expert Claims Four Key Pillars of Risk Threaten Consumer and Merchant Circle of Trust

December 17, 2024
Trust is a balancing act as companies, banks and merchants collaborate to make everyday financial life and commerce a reality. Featurespace Chief Operating Officer Tim Vanderham told PYMNTS in an...

Quick Reads
Justt Raises $30 Million for AI-Powered Chargeback Management Platform

December 19, 2024
Chargeback management firm Justt raised $30 million to bolster its artificial intelligence-powered platform. The Series C round brings Justt’s total funding to $100 million and will allow it to expand into high-growth regions as it aims to reach profitability by 2027, according to a Thursday (Dec. 19) press release. “The company will enhance its proprietary […]

FTC to Settle Complaint Against Rytr for Enabling AI-Generated Reviews

December 18, 2024
The Federal Trade Commission approved a final order settling its complaint against Rytr for selling an artificial intelligence “Testimonial & Review” service. The regulator alleged that Rytr violated the FTC...

Quantum-Focused AI Firm SandboxAQ Surpasses $5 Billion Valuation Goal

December 18, 2024
SandboxAQ raised more than $300 million to apply quantum technology to artificial intelligence. The funding round puts the company’s valuation at over $5.6 billion, Bloomberg reported Wednesday (Dec. 18). Tech-focused...

SoftBank to Invest $100 Billion in AI and Infrastructure in US

December 16, 2024
Japanese tech investment firm SoftBank will reportedly invest $100 billion in the United States over the next four years. SoftBank CEO Masayoshi Son announced the investment Monday (Dec. 16) at...