| Wholesale payments vulnerable to cyberattack, AI helps marketplaces fight off-platform fraud, Slow settlement creates cash flow crises for SMBs | | | Fraud Decisioning Playbook⢠|
| How AI Helps Marketplaces Fight Off-Platform Fraud Not all of the nearly 15 million U.S. RV campers who rely on online vehicle marketplaces get what they pay for. Scammers can pose as RV owners and persuade legitimate customers to transact outside platforms' secure boundaries â stealing funds for nonexistent wheels. In this monthâs Fraud Decisioning Playbook, RV rental platform RVshare CEO Jon Gray explains how the marketplace is tapping artificial intelligence (AI) and machine learning (ML) to put the brakes on off-platform fraud. |
| PayPal Hits $10B Charitable Donations Processing Milestone PayPal announced this morning that it broke $10 billion in annual charitable donations processing volume, fueled by a record breaking month (December) and a record-breaking day (GivingTuesday). PayPalâs Senior Vice President, Corporate Affairs and Communications Franz Paasche tells PYMNTS that it points to the democratization of charitable giving and the generosity of people all year round. |
| Credit Unions Place Big Bet On Biometrics If a rising tide lifts all boats, then PSCU is betting that $100M will help all of its member credit unions modernize their tech and embrace digital banking. Denise Stevens, senior vice president and chief product officer at PSCU, shares the details of that investment and the impact of deploying technologies such as AI and behavioral biometrics will have on personalizing service offerings and boosting security. |
| Using Digital Tech And Payments To Solve The Affordable Housing Crisis The wait in some cities for affordable housing can be up to a decade – thanks to paper-based spreadsheets and processes that rely heavily on snail mail. Haven Connect’s Founder Caroline Caselli tells PYMNTS that there’s a reason they’re called the “TurboTax for affordable housing,” and explains the role that they and digital payments play in bringing affordable housing into the digital age. |
| | Small Business Guide To Rapid Settlement Report™ | | New Data: 75 Pct. Of SMBs Say Slow Settlement Creates Cash Flow Crises Faster access to cash is what every business wants, but new data shows that 75 percent of small and microbusinesses say not having faster access to proceeds from sales can cause cascading problems, from delaying vendor payments to even missing payroll. For the new Small Business Guide To Rapid Settlement Report, PYMNTS surveyed nearly 500 SMBs and found that rapid settlement is important enough that more than half would switch to a provider that offers it. |
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