| AI: The Glue That Binds FIs' Fraud Prevention Systems Financial institutions face a dizzying array of cybercrime threats that require multilayered defenses. In this monthâs Digital Fraud Tracker, PYMNTS spoke with Mike Upton, chief digital and technology officer at First Tech Federal Credit Union, about the role that artificial intelligence (AI) plays in coordinating among those layers while offering new data insights. |
| BitPay CEO: Institutional Activity Creates New Era for Bitcoin As Bitcoin crosses the $51,000 threshold, banks, FinTechs and card networks are all stepping up to step in. As Stephen Pair, CEO of crypto management platform BitPay told Karen Webster, all of these events are creating an environment where more people want to have exposure to the asset class. |
| Robinhood Retail Stock Trade Surge Spotlights Need For Digital ID Verification Trading apps like Robinhood are democratizing access to the stock market for the retail investor and, in the case of the recent GameStop run-up, also creating volatile market conditions. As Trulioo Chief Operating Officer Zac Cohen told PYMNTS, itâs a situation that underscores the urgency for creating a safe and secure environment inside of those apps, including verifying investors' digital identities. |
| No Remittance Data Means Lots Of B2B Payments Friction For all the talk of B2B payments digitization last year, corporates still face plenty of friction in their payment workflows, as new data from PYMNTS and Flywire reveal. Though firms may turn to technology to tackle those individual pain points, Flywire Executive Vice President and General Manager, B2B Ryan Frere told Karen Webster that companies can be even more effective at removing friction by using software to bill and collect money from their buyers. |
| Consumer Spending Shifts From What They Could Spend To What They Can Spend The pandemic has shifted consumer spending habits from physical to digital, as well as from what they can – and not what they could – spend on their credit cards to make a purchase. As Chuck Fagan, president and CEO at PSCU, told PYMNTS, the shift could be just as important for credit unions and retailers as consumers’ preference for a digital-first experience spreads across every aspect of their daily lives. |
| | The Real-Time Payments Tracker | | Report: Request-For-Payment Seen By Banks As Real-Time Payments Game Changer Late payments can sink businesses, but there is a fix: request-for-payment that allows consumers to pay and billers to instantly receive funds. Hisham Salama, executive vice president and chief digital officer at Bank of the West, explains how pairing request-for-payment features with real-time payment options can usher in âpayments nirvanaâ for businesses in this monthâs Real-Time Payments Tracker. |
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