The quick and unexpected digitization of the bill pay market took industry professionals by surprise, forcing them to work overtime to adapt to the needs of their clients and those clients’ respective customers.
NACHA’s New WEB Debit Account Validation Rule Helps Stop Fraudsters in Their Tracks
Let’s face it: fraudsters follow the money. As the digitization of payments has accelerated, fueled by high customer satisfaction, convenience, and cost efficiency, bad actors have shifted their sights accordingly.
Contactless Cards: Displacing Cash, Improving Consumer Experience
We see it more and more. A consumer taps or hovers a card over the wave-like symbol until the light turns green and the terminal beeps. They’ve just made a frictionless payment using the same secure encryption methodology as an inserted EMV card in a fraction of the time.
Artificial Intelligence Has Got it All Under Control
Artificial intelligence (AI) is what all those 1980s killer robot movies were trying to warn us about…right?
Not exactly.
The Challenge of Establishing Trust in Open Banking
In today’s world, digital banking is the new normal. Customers expect seamless journeys from start to finish that includes access to as many services as possible. This leaves banks tasked with maintaining the delicate balance of meeting customer demands and establishing trust through a high level of data security and regulatory compliance.
To learn more about the challenge of establishing trust, Payments Journal sat down with Jose Caldera, Chief Product Officer at Acuant, and Tim Sloane, VP of Payments Innovation at Mercator Advisory Group
Equinix Discusses Key Trends in Banking and Payments Infrastructure
The pace of the digital economy is accelerating, changing how merchants, consumers and businesses interact. Demand for personalized experiences is shifting the classic payment transaction to a digital process based on open collaboration. Read more
Business Email Compromise Is the Top Fraud Concern for Banks
With the Colonial Pipeline ransomware crisis still in full bloom and grabbing the collective attention of millions, one must remember that the everyday threat of payments fraud still looms for businesses across the globe. This posting at the BAI site is from a fraud exec at Bottomline Technologies and speaks to results from a recent fraud survey conducted amongst financial professionals (mostly treasury).