How AI Agents Are Managing Shopping and Payments
Artificial intelligence is already shaping the shopping experience with personalized recommendations, but Mastercard’s Agent Pay gives AI a more active role. For example, a consumer hosting a large event, like a birthday party, could chat with AI about themes and items they need. An AI agent would then shop for those items and provide data […]
Sports and Entertainment Venues Can Be a Proving Ground for Payments
A cursory survey of sports venues will reveal fields sponsored by Citi, Chase, PNC, and Truist—just within Major League Baseball alone. However, the connection between payments and the arenas and stadiums that host events runs much deeper than naming rights. With a captive audience of thousands, there’s a strong opportunity to drive loyalty and revenue, […]
Cashless Payments Are a Boon for Vending Machines
Consumers spent more than $3.5 billion at food and beverage vending machines in 2024, a 15% increase over 2023. While vending machines were initially thought to be poorly suited for credit cards and digital payments—due to concerns over transaction fees on small purchases—the opposite has proven true. Indeed, cash-operated vending machines are quickly becoming a […]
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 […]