Alibaba Taps Tokenization Tech for Cross-Border B2B Payments
Alibaba is gearing up to supercharge its vast business-to-business ecosystem by tapping JPMorgan’s tokenization infrastructure, laying the groundwork for a new kind of cross-border value network. The network will center on tokenized fiat currencies that function similarly to stablecoins. According to CBNC, Alibaba is already experimenting with tokenized U.S. dollars and euros, with plans to […]
New Approaches to Fighting New-Account Fraud
When financial institutions think about protecting against new-account fraud, they usually focus on the customer who has already applied and is being onboarded. But with the fraud typologies out there now, onboarding may be too late. Fraud detection needs to start as soon as the application for an account is being filled out. In a […]
As Credit Washing Surges, TransUnion Fights Back
Fraudulent credit activity is on the rise, and it’s costing lenders—and consumers—millions. TransUnion is launching a solution to fight credit washing, a scam in which criminals remove legitimate negative credit data to temporarily boost their scores and secure loans they never intend to repay. Credit washing often involves disputing accurate negative information on a credit […]
Bank of America Launches 401k Management Platform for Retirees
More retirees are struggling to stay on top of their finances, which is one reason Bank of America is launching its 401k Pay platform. The platform is designed to help customers convert 401k assets into retirement income. It also includes management features, such as the ability to set up recurring withdrawals from 401k funds. Many […]
The Information Age: How Credit Unions Can Maximize the Impact of Their Data
From transforming member experiences to building a culture of information literacy, data has become a catalyst for innovation at credit unions. New use cases are constantly emerging for organizations willing to explore them, and artificial intelligence will only increase their value. In a PaymentsJournal Podcast, Jeremiah Lotz, Senior Vice President of Experience Design and Enterprise […]
Visa Aims to Expand Stablecoin Usage to Gig Workers
Visa has launched a pilot program allowing freelancers and gig economy workers to receive payments in stablecoins. Building on Visa’s stablecoin cross-border project introduced last month, this initiative will test whether such payments are viable. The Visa Direct pilot lets businesses fund payouts in fiat currency while disbursing earnings directly to workers’ stablecoin wallets. It […]
Google’s Latest Weapon in the Fight Against Fraud: Litigation
In a bid to curb an escalating wave of phishing and financial fraud, Google has filed a lawsuit against a group of cybercriminals allegedly behind large-scale credential theft campaigns. These threat actors, known as the Smishing Triad, use a phishing-as-a-service toolkit called Lighthouse to develop and deploy convincing text-message scams. These fraudulent texts contain malicious […]
Empowering Merchants with Embedded Lending: How ISVs Can Optimize Revenue This Holiday Season
As the 2025 holiday season approaches, a convergence of payments technology—from embedded financial services to agentic AI—will influence consumer shopping behavior. Adobe for Business projects point-of-sale financing transactions will value $1 billion on Cyber Monday alone. Additionally, shoppers will use mobile payments for 56.1% of holiday sales, marking the first time mobile purchases exceed half […]
PayPal Brings BNPL to Canada as Holidays Approach
As more consumers feel the impact of holiday spending on their budgets, PayPal is launching its buy now, pay later service in Canada. Customers will be able to split purchases between $30 to $1,500 into four installments, as long as the merchant is a PayPal partner. One of the goals of the launch is to […]
What the CFTC Has in Store for the Crypto Industry
The Senate has moved one step closer to regulating cryptocurrencies as commodities rather than securities—a shift that would open the door to spot trading. The move aligns with the broader trend, accelerated under the Trump administration, toward easing restrictions on crypto. A new bipartisan discussion draft from the Senate Agriculture Committee would grant the Commodity […]