How Stripe’s Stablecoin Can Differentiate Itself in a Crowded Market
Stripe has invited companies outside of the United States, the UK, and the EU to participate in trials of its U.S. dollar-backed stablecoin. Patrick Collison, CEO of Stripe, said the payments firm had been planning a stablecoin launch for over a decade. The company made an early foray into bitcoin payments around the same time, […]
Demystifying AI: Turn Complexity into Clarity
The conversation around artificial intelligence in the larger world talks about endless possibilities and true intelligence—once a far-off dream. In business, of course, the conversation is more focused on big questions like “How can this help us?”, “What are the advantages over what we do today?” and “How will this improve the customer experience?” The […]
In the Next Step for RTP, Truist Pilots Bill Pay Solution
Truist is launching a bill pay solution for RTP, introducing an alias-based Request-for-Payment (RfP) platform within RTP, the instant payments platform operated by The Clearing House. The solution will leverage 150 million available mobile and email tokens to keep user data confidential. Although the service will be available to both consumers and businesses, Truist highlighted […]
A Synergy of Technologies: How Blockchain and AI Are Better Together
The emergence of DeepSeek has shifted the understanding of what AI can accomplish on a comparatively small budget. However, as groundbreaking as the model is, DeepSeek still suffers from many of the limitations that have plagued other AI models, including the reliability of data inputs and the transparency of information. As Joel Hugentobler, Cryptocurrency Analyst […]
Rising Transaction Limits Are Paying Off for Instant Payments
The Clearing House’s Real-Time Payments (RTP) network has doubled its transaction volume over the past 18 months, reaching one billion transactions earlier this year. One key contributor to this growth has been an increase in its transaction limit. Since February, RTP now supports payments of up to $10 million each. In response, The Federal Reserve’s […]
How Polymorphic Phishing Campaigns Leverage AI to Evade Detection
A novel artificial intelligence feature is making phishing attacks—already the weapon of choice for cybercriminals—even more effective. In the past, phishing emails were sent out en masse using the same template, making it easier for fraud detection systems to identify patterns among these blanket messages. Now, a technique called polymorphic phishing incorporates AI to randomize […]
What U.S. Banks Can Learn from the UK’s Banks and Neobanks
With the competition growing from the United Kingdom’s innovative chartered neobanks, retail banks have been pushed to upgrade their customers’ digital banking experience. The latest developments there could set a template for U.S. banks seeking to increase their own efforts at attracting customers through digital banking. A new report from Javelin Strategy & Research, Mobile […]
Top 5 Prepaid Cards Purchased, Reloaded, or Received
Prepaid cards continue to hold a strong position in the payments landscape, offering convenience, flexibility, and control for a wide range of consumers. Over the past year, usage has remained steady across various categories—from everyday spending to gifting and financial management. Don’t miss another episode of Truth In Data! Click on the red bell in […]
After European Success, eBay Will Bring Klarna BNPL to U.S. Shoppers
U.S. shoppers will soon be able to pay for their eBay purchases in installments, as the marketplace expands its partnership with Klarna. Klarna’s buy now, pay later (BNPL) services have already been available to eBay shoppers in European countries like the UK, Austria, France, Italy, and Spain. Now, millions of U.S. consumers will be able […]
Rewards Program Helps College Students Earn Points to Pay Down Debt
A new rewards program is helping members tackle one of the most significant debts many face: student loans. Bilt Rewards, which currently allows members to earn rewards points when they pay their rent, is expanding to include student housing properties and will now let members redeem their points toward eligible student loan payments. Student debt […]