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European regulators are reportedly preparing to examine Apple, Google and Microsoft’s financial fraud protections.
The European Union wants to determine whether the three tech giants are failing to properly prevent fraud, the Financial Times reported Tuesday (Sept. 23).
“We see that more and more criminal actions are taking place online,” said Henna Virkkunen, the EU’s executive vice...
Amazon and the Federal Trade Commission are reportedly scheduled to present their opening arguments Tuesday (Sept. 23) in a case in which the FTC alleges that Amazon tricked people into signing up for its Prime membership program and made it difficult for them to cancel.
Jury selection began Monday (Sept. 22) and the case is expected to last about a month, CNBC reported Tuesday.
In its...
A report by Bain...
Blockchain-based payments firm Fnality International has raised $135 million in new funding.
The U.K. company’s Series C round, announced Tuesday (Sept. 23), was led by WisdomTree, Bank of America, Citi, KBC Group, Temasek and Tradeweb, with participation from investors that included Goldman Sachs, Barclays and Santander.
“This latest capital raise represents a significant milestone...
Is 2025’s “crypto treasury” phase beginning to fizzle out?
A report Tuesday (Sept. 23) by the Financial Times (FT) notes that companies that had hoarded cryptocurrencies are now initiating share buybacks to juice their stock prices.
At least seven companies have gone this route in the past few weeks, the report said, with five seeing their market value slide below that of their crypto...
Watch more: The Credit Race: Closing the Perception Gap to Win
Credit remains an essential tool for consumers managing both everyday spending and big-ticket plans. But getting the right card in the right wallet is more complex than ever. Digital discovery now drives most card choices, as consumers sift through online reviews and comparison tools to match products with their financial...
Payments and credit card service organizations have always been measured by their ability to reduce friction. Contact center average handle time, dispute resolution speed, and fraud detection accuracy are all metrics that shape strategies and incentives.
The rise of generative artificial intelligence (gen AI) promises a massive improvement across each of these key performance...
Watch more: What’s Next in Payments: Green Dot, Renata Caine
The post-purchase experience is becoming a competitive advantage for brands and platforms in the connected economy.
Cart abandonment remains high whenever checkout introduces friction, making “frictionless checkout … the baseline now,” Renata Caine, senior vice president and general manager of embedded finance at Green Dot,...
For years, retail watchers assumed Amazon Prime and Walmart+ were competing head-to-head for consumer loyalty.
However, the PYMNTS Intelligence report “Winning Both Carts: Millennials Drive Surge in Having Amazon Prime...
Watch more: Mobile Momentum: How U.S. Consumers and Merchants Are Shaping Unified Commerce
While retailers and card networks have made strides in merging card-present and card-not-present payment experiences, the essence of unified commerce extends beyond transaction processing.
Unified commerce has become a goal, Matt Swatzell, head of Solutions, North American Acceptance at Visa,...