Study Finds Millions Lost to First-Party Fraud in Retail Returns
Consumers are exploiting merchants’ returns process in record numbers, and the costs are adding up. A study of UK retail data found £29 million (over $38 million) in potentially fraudulent returns in just one year. The report from returns firm ReBound Returns was based on analysis of one million retail returns from July 2025 to […]
Fed Proposes AML Rules for Stablecoin Issuers
Stablecoin issuers could soon face some of the same anti-money laundering (AML) obligations as traditional banks under a new federal proposal. While the rule stops short of requiring surveillance of every stablecoin transaction, it signals another milestone in Washington’s determination to establish a comprehensive regulatory framework for digital assets. The proposal would require stablecoin issuers […]
A Career in Payments: Insights from Three Decades at Nacha
Few payments professionals have been able to observe and influence the industry as much as Jane Larimer, President and CEO of Nacha, who has helmed the organization that governs the ACH Network through challenging industry transitions and considerable organizational success. In her nearly 31 years at Nacha, Larimer has seen firsthand the shift away from […]
Revolut Continues Global Expansion with UAE Approvals
Revolut is expanding its presence in the Middle East receiving approval to operate in the United Arab Emirates, a key market for international payments and remittances. The UAE’s central bank granted the fintech Stored Value Facilities and Retail Payment Services (Category II) licenses, allowing it to offer services ranging from multicurrency accounts and cards to […]
SoftBank and OpenAI Team Up on AI-Fueled Enterprise Cybersecurity
SoftBank Group is working with OpenAI on a cybersecurity offering that uses advanced AI to detect and respond to increasingly sophisticated AI-based attacks. The product, called Patching as a Service, is designed to support enterprise-wide cybersecurity vulnerability assessments and remediation planning. It is initially targeted at Japan’s largest companies, including critical infrastructure operators such as […]
Many EU Crypto Firms Aren’t Prepared for Looming MiCA Deadline
Europe’s Markets in Crypto Assets (MiCA) legislation is a landmark crypto regulatory framework, but most of the region’s crypto firms are still not compliant just days ahead of a July 1 deadline. Only 17% of the more than 1,200 companies previously licensed as Virtual Asset Service Providers under national regulations have secured full authorization under […]
The Post-Password Era: Rethinking Authentication in Financial Services
Passwords are failing us. Once the backbone of digital security, they’ve become predictable, forgettable, and increasingly vulnerable—especially in the age of artificial intelligence. Hackers can crack them faster than users can remember them, leaving financial institutions exposed and customers at risk. So, what comes next? In a PaymentsJournal webinar, Dr. Adam Lowe, Chief Product and […]
Digital Yuan Will Be Centerpiece of China’s Cross-Border System
China is accelerating its push to build an alternative infrastructure for international payments. Its latest move is the commercialization of mBridge, a digital platform designed to make cross-border transactions faster and cheaper while reducing dependence on the U.S. dollar and the SWIFT network. The system is backed by the central banks of China, Hong Kong, […]
AI Uncovered Critical Flaw in Crypto Built for Security
The latest warning about AI’s cybersecurity implications didn’t come from a successful cyberattack, but from a cryptocurrency flaw hiding in plain sight. Using Anthropic’s Claude Opus model, a researcher uncovered a uncovered a glaring vulnerability in Zcash cryptocurrency that could have enabled the creation of unlimited counterfeit tokens, Bloomberg reported. The discovery sent shockwaves through […]
The Future of Same Day ACH, RTP, and Virtual Cards
When the economy tightens, commercial payments don’t stand still—they adapt. And when conditions normalize, they adapt again. For providers operating in this uncertainty, the real question is how to position for both realities at once. The 2026 Commercial Payments Factbook from Javelin Strategy & Research explores how these dynamics play out across ACH payments, virtual […]