PaymentsJournal

The success of options trading on @BlackRock’s iShares Bitcoin Trust ETF (IBIT) serves as yet another signal that cryptocurrencies are here to stay as a viable investment class. The ETF traded 73,000 options contracts within its first 60 minutes on the Nasdaq market, ranking it among the top 20 most active nonindex options, reports CNBC. The crypto firm Grayscale Investments reacted quickly, offering its own bitcoin ETF options the very next day. Read more: https://ow.ly/3CzU50UbSXq #crypto #cryptocurrency #bitcoin #cryptoETF

A senior U.S. Treasury official expressed concerns that establishing a cross-border payments system outside a transparent regulatory framework could pose risks to economic stability, potentially leading to international ramifications. Brent Neiman, Assistant Secretary for International Finance at the U.S. Treasury, was particularly concerned about the potential for misuse of improperly regulated systems for money laundering and fraud. Read more: https://ow.ly/kkvf50UbSHE #payments #crossborder #risk #BRICS #BCBPI

REGISTER NOW: https://ow.ly/bipv50UbS6Y A transformative demographic shift is on the horizon for the United States. As baby boomers age and millennials establish themselves with their preferred financial services providers, new consumer populations—especially Gen Z and new-to-country individuals—are growing rapidly.? But as these populations attempt to use the financial system to build their lives—from applying for a car loan to getting approved for a new apartment to signing up for government benefits—they too often find themselves locked out of the modern economy.? Join us on Dec. 3 to hear from Joshua Linn, Senior Vice President of Product Management at Socure and Christopher Miller, PhD, Emerging Payments Analyst at Javelin Strategy & Research. #banking #inclusion #unbanked

In some cases, physical and digital formats are combined to create compelling user experiences. IKEA, for instance, leverages augmented reality to help customers visualize furniture in their homes, enhancing a predominantly physical experience with a digital twist. Similarly, companies like Chatbook enable users to create physical photo books from photos stored on smartphones or social media platforms, blending a primarily digital experience with a tactile component. Read more: https://lnkd.in/e7WcjdWP #retail #merchants #physical #digital #userjourney CompoSecure

Fraud always seeks the path of least resistance. In the world of payments, hackers look for vulnerable spots to exploit. The rise of artificial intelligence introduces yet another layer that criminals can manipulate and enhance their methods. Juan Alberto Funes Carniago, CFE, Director of Fraud and Decisioning Products at Mastercard and James Wester, Co-Head of Payments at Javelin Strategy & Research, discuss best practices organizations can use to maintain effective fraud mitigation strategies and stay ahead of evolving threats. Read more: https://lnkd.in/eRniFnGa #payments #fraud #AI #friction #digital Jacob Jegher, Brian Riley, Jordan Hirschfield, Albert Bodine, Ryan Cole, Don Apgar, James Wester, Christopher Miller, PhD, Craig Lancaster, Ben Danner, Matthew Gaughan, Suzanne Sando, Jennifer Pitt, Kevin Libby, Justin Hamel, Sandy Park, Christopher Lascano

Just in time for the holidays, Google is updating the artificial intelligence engine behind its visual search tool Google Lens, aiming to help shoppers make more informed decisions at brick-and-mortar retailers. According to Google 72% of consumers use their smartphones in-store to find the right item at the right price. However, over half of these shoppers still leave the store empty-handed. The goal of the updates is to allow consumers to take a picture of a product and instantly access reviews, information on similar products at the same retailer, and price comparisons with other nearby merchants. Read more: https://lnkd.in/enA_YKjq #holiday #shopping #AI #retail #merchants

A payments platform grappling with fraud losses grew frustrated when its risk scoring system failed to differentiate effectively, leaving every transaction in the same neutral-risk category. Even high-risk transactions slipped through undetected. The organization then turned to a collaborative intelligence network that was focused on flagging suspicious email accounts. This shift led to a 327% increase in fraud detection. Read more: https://ow.ly/Av4a50UbcZ4 #payments #fraud #collaboration

Driven by AI, deep fakes represent a new frontier in fraud. There has been a 3000% increase in deep fake fraud over the last year and 1200% increase in phishing emails since ChatGPT was launched. Synthetic voices have been around for decades. They used to sound like a hollow robot, but recent advances in technology have allowed voices to be cloned from just a few seconds of audio. They are so realistic that fraudsters were able to use a deep-fake voice of a company executive to fool a bank manager into transferring $35 million to them. Read more: https://lnkd.in/eMzi9MMQ #payments #AI #fraud #deepfake #fraudmitigation Fiserv

As fraudsters become more innovative in their schemes, Nacha is rolling out new rules to address emerging fraud risks, particularly scams involving business email compromise, vendor impersonation, and the increasing use of money mules. These key changes, centered around the ACH rules, began rolling out in October and will continue through 2026. Glenn F., Head of Fraud Prevention Product Strategy and Marketing at NICE Actimize, and Suzanne Sando, Senior Analyst of Fraud and Security at Javelin Strategy & Research, discuss what FIs need to do to enhance their fraud detection programs to better protect both banks and customers. Read more: https://ow.ly/b92p50UaXUl #payments #ACH #fraud #machinelearning #deepfakes Jacob Jegher, Brian Riley, Jordan Hirschfield, Albert Bodine, Ryan Cole, Don Apgar, James Wester, Christopher Miller, PhD, Craig Lancaster, Ben Danner, Matthew Gaughan, Elisa Athonvarangkul Tavilla, Suzanne Sando, Jennifer Pitt, Kevin Libby, Justin Hamel, Sandy Park, Christopher Lascano

Holiday gift cards have a meaningful impact on employees and their teams worldwide. In fact, a recent survey from CleverCards, which polled 600 employees in Ireland, revealed that 84% of respondents said receiving a holiday gift card from their employer would boost their engagement and make them less likely to consider switching jobs. Read more: https://ow.ly/zRER50Uap3s #payments #giftcards #prepaid #incentives #employeeengagement