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In the same week that The Bank of England called on financial services firms to join its AI consortium, Cledra have released finding of a report that, at it heart, finds the use of AI in business may be a bit underwhelming. While Artificial Intelligence adoption rates have surged, particularly in the wake of the […]

Visa has announced it has signed a definitive agreement to acquire Featurespace, a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. Visa acquires Featurespace The acquisition of Featurespace will strengthen Visa’s portfolio of fraud detection and risk-scoring solutions used by clients to grow and

As the digital economy expands, the demand for more secure and seamless payment solutions is intensifying, particularly in the business-to-business (B2B) sector. The future of biometric authentication While biometric authentication has already gained popularity in consumer payments through technologies like facial recognition and fingerprint scans, its potential in B2B payments is only beginning to be

Klarna has announced a major partnership with Adyen, aimed at bringing Klarna’s BNPL instalment payment options to physical retail locations. Klarna and Adyen team on BNPL The collaboration marks a significant step for Klarna as it extends its BNPL service beyond the online space and into brick-and-mortar stores across North America, Europe and Australia. The

Ericsson and INFORM, a provider of Anti-Money Laundering (AML) and Fraud Management Solutions (FMS), are collaborating to explore ways of enhancing financial services security. Ericsson and INFORM collaboration By combining Ericsson expertise with INFORM’s advanced AML and FMS capabilities, the companies aim to support Ericsson’s global customer base – including Communication Service Providers (CSPs) and

As vehicles evolve from simple modes of transportation to fully connected, intelligent platforms, the potential for in-car payments is rapidly gaining traction. By 2030, the in-car payment market is forecasted to reach over $580 billion, presenting a significant opportunity for automotive manufacturers, technology companies, and financial institutions. The ability for drivers to make seamless payments

A new white paper from Visa, Using AI to Secure the Future of Payments, highlights the changing characteristics of the fraud landscape, and what payment businesses need to do to stay ahead of the criminals. And, as one might expect, Artificial Intelligence (AI) is set to play a central role – in both the threats

MoneyGram International, one of the world’s largest money transfer companies, has confirmed that it suffered a cyberattack that has disrupted its services since September 22. MoneyGram hit by cyberattack The company has been grappling with system outages and connectivity issues, leaving millions of customers unable to transfer or access funds. The incident has forced MoneyGram

For a flawless gaming experience, choosing the best payment method to use on gaming websites is essential.  Best payment method to use in gaming This post will examine several payment options, outlining the advantages and disadvantages of each, such as bank transfers, digital wallets, credit cards, and cryptocurrency purchases. Credit/Debit Cards: The Classic Choice Credit

The US Department of Justice (DoJ) has launched a significant antitrust lawsuit against Visa, accusing the payments giant of leveraging its dominance in the debit payments market to stifle competition and maintain inflated fees. US antitrust lawsuit targets Visa’s debit payments The lawsuit, filed in Manhattan federal court, alleges that Visa has created a “web