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Visa has launched an artificial intelligence (AI)-powered real-time fraud detection service in the United Kingdom, aiming to prevent account-to-account (A2A) fraud.
The company is making this “Visa Protect for A2A Payments” service available to all banks in the U.K. after a pilot program in which it found an additional 54% of fraud beyond that identified by banks’ fraud prevention systems, Visa...
With a market projection of $290 trillion by 2030, cross-border payments are the backbone of global commerce. Despite their critical importance, however, these transactions are frequently riddled with friction. According to a recent PYMNTS Intelligence survey, the failure rate for cross-border payments approaches 11%, accounting for $3.8 billion in lost sales in 2023 alone. Traditionally...
In an era of rapid technological advancement, there remain certain immutable aspects — particularly for payments.
When it comes to the way businesses and consumers transact, speed, security and convenience are far from ever going out of style.
As Scott P. Young, senior vice president of emerging services at Velera, told PYMNTS for the series “What’s Next in Payments: Payments Modernization,”...
As businesses evolve, so too do the ways in which they pay and get paid.
After all, cash flow is the lifeblood of any business.
Against that backdrop, there exists a broader trend in the FinTech industry where innovative solutions are transforming the traditional landscape of accounts receivable (AR) and invoice financing.
There are three primary factors influencing the contemporary B2B landscape...
In a big victory against cybercrime, the U.S. Justice Department, in collaboration with international law enforcement agencies, recently conducted a successful operation to dismantle a notorious botnet known as 911 S5.
This operation led to the arrest of YunHe Wang, a Chinese national, on charges related to the deployment of malware and the operation of 911 S5, the Justice Department said in a...
NCino reported Wednesday (May 29) that demand for its single-platform cloud banking solution and artificial intelligence (AI) features drove record gross sales in the most recent quarter.
The company reported that its total revenues of $128.1 million for the first quarter of fiscal 2025, which ended April 30, were up 13% from the same quarter a year earlier, according to a Wednesday earnings...
C3.ai, an enterprise artificial intelligence (AI) software company, reported strong fourth-quarter results for fiscal year 2024, exceeding both its own guidance and analysts’ expectations. The company saw its fifth consecutive quarter of accelerating revenue growth, with subscription revenue increasing 41% year-over-year.
The performance comes at a time when the AI industry is experiencing rapid...
Economic activity in the United States expanded from early April to mid-May, though it varied in different industries and Federal Reserve districts.
While 10 of the 12 districts reported slight or modest growth, Boston and San Francisco said there was no change in activity, the Federal Reserve said Wednesday (May 29) in a national summary of its May 2024 Beige Book.
“Retail spending was flat to...
According to our recent “C(AI)O Report: High Impact, Big Reward: Meet the GenAI-Focused CFO,” six in 10 CFOs say generative AI (GenAI) is the greatest innovation of our time. Not “one of the greatest;” but the greatest.
The report, which is based on surveys PYMNTS Intelligence conducted with 60 CFOs representing U.S. companies that earn at least $1 billion in annual revenue, examines the rapidly-...
French artificial intelligence (AI) startup Mistral AI is rolling out generative AI (GenAI) software capable of generating computer code.
Codestral, as the model is called, is trained on a dataset of over 80 programming languages, including Python, Java, C, C++, JavaScript and Bash, Mistral AI said in a Wednesday (May 29) news release announcing the launch.
Codestral can complete coding functions...