#Paymentmethods are diversifying and multiplying. What used to be cashier-only has expanded to include mobile, #contactless, digital, #BNPL, and more. These shifts highlight how #payments are driven by #consumerpreferences. Read more: ow.ly/r0Tc50T50cJ

The former CEO of a Kansas bank embezzled millions from the organization and wired the funds to criminals in a massive pig butchering scam. Read more: ow.ly/GgbU50T59nU #fraud #banking #wiretransfer #cybercrime

Danny Shader of PayNearMe, spoke with Christopher Miller of Javelin Strategy, about the innovation that has driven the #payments market forward. They looked at payment #technology, #userexperiences, #AI, and empowering stakeholders. Read more: paymentsjournal.com/achieving-seam…

#Digitalwallets have surged in popularity. In some cases, they are used as often as traditional #payments methods. There may be #security issues that have been overlooked that could leave credit or debit cards vulnerable. Read more: ow.ly/3XVs50T6EzP #mfa #tokenization

A U.S. appeals court has dismissed a lawsuit against the #SEC that aimed to force the SEC to take a formal position on whether #ether and the Ethereum network are classified as securities or commodities. Read more: ow.ly/fqzu50T6Szw #crypto #regulation

Vladimir Jovanovic of Velera, and James Wester of Javelin Strategy, discuss #openbanking’s evolving regulatory framework, its benefits for #banks and #credit unions, and its accelerating adoption in the U.S. Read more: ow.ly/MJGG50T7Aq4 #regulation #technology #CX

The Federal Reserve has no plans to launch a CBDC to digitize the dollar, so Wyoming is pioneering its own stablecoin. The Wyoming state token could be launched as soon as Q1 25. Read more: ow.ly/B7eW50T7VWT #crypto #stablecoin #SOlana #digitalassets #Wyoming

Nick Botha of AutoRek, and Brian Riley of Javelin Strategy, explore where things stand with #ISO20022 conversion, and how workarounds may cause #banks more problems than they solve. Read more: ow.ly/JY5b50T8InU #payments #Swift

Every year, the top U.S. #banks undergo thorough stress tests of lending portfolios to identify risks under stressful economic conditions. These DFAST evaluations are required under the #DoddFrank Wall Street Reform and Consumer Protection Act. Read more: paymentsjournal.com/dodd-frank-str…

The #CFPB evaluated eight national #retailers and found that three of them—Dollar General, Dollar Tree, and Kroger—charged their customers fees when requesting #cash back at the #POS. Read more: paymentsjournal.com/cfpb-concerned…

#Fintechs face imperatives to succeed in an industry abuzz with excitement—enhance the value proposition, stand out, grow profitable, protect margins, and retain existing customers. How can they get it all done? Read more: paymentsjournal.com/in-todays-fint… #payments #AI #machinelearning

Kids under 17 made fewer transactions this summer, but the average spend per transaction rose by 3.8%. Transactions per youth account dropped 26% in June and 7.8% in July YoY. Read more: ow.ly/ufaY50Tb0ma #payments #debitcards #spend #teens Venmo

The median age of #GenZ is 20 years old, and many of the young consumers are aging out of their first #bankaccount. This group is at a stage where most adults choose a #bank to serve them for years to come—or even the rest of their lives. Read more: ow.ly/wOfC50Tem2q

Digital #giftcards now account for over half (52%) of the UK gift card market share in what is being called a “pivotal shift” in the industry. Read more: ow.ly/jXrH50TeIjH #payments #loyalty #rewards #UK

The financial world saw #realtimepayment transactions set a record last year, with 266 billion global transactions. This record is expected to be surpassed. Real-time #payments are projected to more than double over the next five years. Read more: paymentsjournal.com/real-time-hits… #RTP

An executive at an #EU fintech said improving the financial relationship between the #UK and the EU would be a boon for #payments platforms and #merchants that have struggled with additional fees and regulatory requirements since Brexit. Read more: ow.ly/VHcV50TfI9v

The next #crossborder #payments system might emerge from Poland, where #mobilepayment platform BLIK pursues growth. After securing placement in Google Play, BLIK announced expansion into Slovakia, with plans to enter Romania soon. Read more: ow.ly/s02R50TfIK7

#AI-powered tools are improving secure #payments. The use of #generativeAI gives #merchants and their processors the upper hand in combating even more #fraud. Read more: ow.ly/nQRR50TgqAh

Alibaba will soon accept #payments through rival Tencent’s WeChat Pay on its popular Tmall and Taobao e-commerce platforms. Previously, the Chinese tech company only accepted payments through Alipay, which is owned by affiliate Ant Group. Read more: ow.ly/WTwX50TgtpF

In 2022, Midwest convenience store chain Kwik Trip partnered with Coinsource to begin installing #ATMs that dispense #bitcoin. Shoppers at any of the 800 locations could pocket a little #crypto after gassing up their cars. Read more: ow.ly/CZjA50TgtAS