Amazon Takes on Returns Fraud
As e-commerce scams mount, Amazon is investing in a 3D imaging company that could help address the growing problem of returns fraud. The issue stems from a gap in the current online shopping model: a consumer can request a refund, and it is typically issued once the product is shipped back to the retailer. However, […]
Biometric Payments Pilots Are Picking Up, But U.S. Adoption Is Years Away
Consumers increasingly interact with their phones by using facial recognition software and fingerprint scans. This familiarity—coupled with the technology’s potential for fraud mitigation and friction reduction—has been a driving force behind the movement to implement biometrics at the point of sale. However, as Christopher Miller, Emerging Payments Analyst at Javelin Strategy & Research, discovered in […]
PayPal Cross-Border Payments Platform to Integrate UPI and WeChat Pay
Amid a wave of solutions aiming to close the gaps in cross-border payments, PayPal is launching a platform that integrates with several leading global payments systems. At launch, PayPal World will partner with India’s Unified Payment Interface (UPI) and China’s WeChat Pay, with plans underway to integrate with Latin American payments platform Mercado Pago. Through […]
Smart Cards: How AI Is Changing the Credit Industry
Artificial intelligence has been a part of the credit landscape for a while now, but generative AI promises to fully change the game. From the ubiquitous chatbots to enhanced credit scoring to personalized loyalty programs, AI is trained on every aspect of the credit industry. In From Hype to Impact: How AI Is Transforming Credit, […]
3 Costly Mistakes Even Smart Teams Make – And How to Fix Them
3 Costly Mistakes Even Smart Teams Make – And How to Fix Them Tue, Jul 29, 2025 1:00 PM – 2:00 PM EDT Thank you. You have been registered for the webinar. Details on accessing the webinar to follow. The post 3 Costly Mistakes Even Smart Teams Make – And How to Fix Them […]
Tether Freeze Raises Stablecoin Centralization Concerns
After law enforcement agencies identified illegal activity, stablecoin issuer Tether froze $85,877 worth of its flagship USDT coin. The freeze followed a user’s report that their Binance account has been hacked and their USDT was drained. However, this freeze is relatively small compared to the firm’s recent larger-scale actions. In June, Tether froze $700 million […]
A Fragmented Accounts Payable Process Is a Liability in More Ways Than One
At best, an inefficient accounts payable process can result in delayed payments or limited visibility into spending. At worst, it could lead to misrouted payments and an increased probability of fraud. Yet many organizations still rely on outdated AP processes—jeopardizing relationships with the suppliers that keep their business moving. In a recent PaymentsJournal podcast, Marchelle […]
Nasdaq Verafin Deploys AI Agents for AML Compliance
As financial institutions face increasing compliance pressures, Nasdaq Verafin has introduced a platform that applies agentic artificial intelligence to assist with certain anti-money laundering (AML) processes. Verafin, known for its cloud-based financial crime management solutions, recently unveiled its Agentic AI Workforce platform. The platform leverages AI agents to automate common compliance tasks with minimal human […]
Legislation Requiring Cash Acceptance Faces an Uphill Battle
Two U.S. Senators have introduced the Payment Choice Act, the latest attempt to ensure that consumers can use cash at physical retail stores. While several states and cities have passed similar laws, previous efforts to enact cash acceptance legislation at the federal level have stalled. Under the proposal, businesses that accept in-person payments at a […]
Wyoming Trials Stablecoin for Contractor Payments
Wyoming—often at the forefront of crypto innovation—has piloted its Wyoming Stablecoin (WYST) with help from blockchain firm Hashfire. Hashfire’s platform was built to bring agreements and contracts on-chain. The goal of the WYST trial was to automate vendor agreement approvals and enable real-time payments—a process that would normally take 45 days. According to Coindesk, Wyoming […]