Recently, PYMNTS sat down with an array of experts and innovators in the artificial intelligence (AI) field to get their thoughts on how the technology will transform the payments and commerce sectors in the years ahead. Not surprisingly, a multitude of ideas and predictions were...
Generative artificial intelligence (AI) plays three notes: text, voice and video. And with all the hype around text-based generative AI capabilities, it’s easy to forget about the other two. But voice AI, particularly voice biometrics and authentication, is increasingly coming into vogue. PayPal is reportedly...
Until more advanced security goes mainstream, an already accepted method may fill the gap. Consumers are more security-savvy than ever, especially when it comes to fraud prevention in banking. They also have more choice in primary financial institutions (FIs) than ever, from traditional banks to full-on FinTechs...
58% of FIs reported a rise in the cost of fraudulent transactions in 2022, which is why Seth Ruden of First Tech Federal Credit Union says “targeted friction” is essential to fighting fraud without compromising the user experience.
July 19, 2023
Generative artificial intelligence (AI) plays three notes: text, voice and video. And with all the hype around text-based generative AI capabilities, it’s easy to forget about the other two. But voice AI, particularly voice biometrics and authentication, is increasingly coming into vogue. PayPal is reportedly seeking to patent a novel way of tapping AI-based methods […]
September 15, 2021
It’s becoming ever more critical for fraud management and mitigation to be part of emerging technologies such as virtual cards, digital issuing, and buy now, pay later (BNPL) offerings. And...
February 22, 2018
The age of cryptocurrencies is in its nascent stage, but is fully upon us. And, as with any new industry, there are growing pains. Such is the case with digital currencies....
May 30, 2024
Senate Finance Committee Chair Ron Wyden, D-Ore., has called on the Biden administration to investigate the cybersecurity incident at UnitedHealth Group. In a Thursday (May 30) letter addressed to Federal Trade Commission (FTC) Chair Lina M. Khan and Securities and Exchange Commission (SEC) Chair Gary Gensler, Wyden asked that the two agencies investigate the incident. […]
