PayPal Gets Approval to Facilitate Cross-Border Payments in India
Amid a flurry of initiatives, PayPal has received an in-principle nod to become a cross-border payments aggregator in one of the world’s largest markets. In recent years, the Reserve Bank of India (RBI) has brought cross-border payments under a tighter regulatory framework, requiring all companies to obtain a payment aggregator cross-border (PA-CB) license. Due to […]
Filling a Key Gap in Check Fraud Detection
In the never-ending battle against check fraud, a new capability may help address a frequently overlooked area of risk. ParaScript, a company specializing in AI-powered document processing, has introduced a feature that can detect, read, and interpret handwritten or stamped endorsements on the back of checks. The update to Parascript’s check recognition solution, CheckXpert.AI, enables […]
The Hidden Threats in Online Marketplaces
E-commerce scams continue to plague online shoppers and now account for the majority of the consumer fraud reports fielded by the Better Business Bureau. With social media influencers playing a leading role in selling merchandise online, shoppers are warned to take extra care against these increasingly sophisticated scams. In Fake Deals, Real Trouble: Cyber Risks […]
Apple Expands the Reach of Tap-to-Pay for Small Businesses
As the battle for small business point-of-sale (POS) solutions heats up, Apple has expanded its platform that transforms iPhones into payment terminals. The company’s Tap-to-Pay service has launched in eight additional countries: Belgium, Croatia, Cyprus, Denmark, Greece, Iceland, Luxembourg, and Malta. This solution enables merchants to accept contactless credit and debit card payments directly on […]
Canadian Cardholders Are Also Feeling the Pinch
While delinquencies in the U.S. continue to reach historical levels, Canada is facing a delinquency crisis of its own. A report from Equifax reveals that one in 22 Canadian consumers missed at least one credit payment during Q1. The delinquency rate rose nearly 20% year-over-year, reaching 1.43%. Young consumers were the most affected, with delinquency […]
Telling the Security Story: How FIs Can Leverage Security Centers to Fight Fraud
In response to fraud attacks that increasingly target individuals, there have been continued calls to ramp up consumer education. Many financial institutions have introduced security centers in mobile banking apps that are designed to keep customers informed on the latest threats. Although this is a positive step, as Lea Nonninger, Digital Banking Analyst with Javelin […]
Sling Brings Stablecoins to Traditional Rails for P2P Transfers
In a move that has the potential to usher in a new era of cross-border payments, Sling Money is introducing its US and European Virtual Accounts—combining the accessibility of traditional payment rails with the efficiency of tokenization. According to Sling, these accounts will go beyond peer-to-peer transactions, enabling users to receive payments in their local […]
AI Is Making an Impact in the Fight Against Fraud
Despite concerns about bad actors using artificial intelligence to perpetrate fraud, there are encouraging signs that AI is helping organizations combat it. In an FIS survey of business and tech leaders, 78% of respondents said that AI has improved their company’s fraud detection and risk management strategies. Nearly half reported that, as a result, their […]
Monetizing the Data Ecosystem
Forget whatever AI buzzword is trending this week. Focus instead on what truly turns data into dollars. For IT leaders in financial services, today’s opportunity isn’t about traditional analytics, automation, agentic workflows, LLMs, or generative AI. It’s about monetization—specifically, unlocking the monetization potential inherent within the data ecosystem itself. To back up a bit, we’ve […]
Top 4 Issuers by Credit Card Purchase Volume
Credit card issuers move billions of dollars in purchases every day, steering bank strategy, shaping consumer habits, and fueling economic activity. A small group of dominant players handles most of this volume, battling for market share in a space where size, speed, and customer retention drive success. Their scale isn’t just a status symbol—it’s the […]