Global financial community completes switch to ISO 20022
The global financial community has unleashed a new era for global payments innovation with universal adoption of ISO 20022 as the standard language for cross-border payments worldwide.
Citi and US Bank Customers First to Experience Mastercard’s Agentic Payments
Citi and US Bank Mastercard cardholders will be the first to access Mastercard’s new Agent Pay technology, ahead of a wider U.S. launch during the holiday season and a subsequent global rollout. Introduced in April, Agent Pay is Mastercard’s entry into the emerging agentic payments space, allowing AI agents to handle shopping and payment tasks on behalf of users.
Worldpay and Trulioo collaborate on safeguards for agentic AI commerce
Worldpay, a global leader in payment technology, today announced they are partnering with Trulioo, the leading global digital identity platform, to introduce new safeguards for AI-powered agent-led commerce.
Sam Altman Warns of Looming AI-Driven Fraud Crisis in Banking
OpenAI CEO Sam Altman has voiced strong concerns about the continued reliance on voice-based authentication by banks, calling it “terrifying” in the face of rapidly advancing AI capabilities.
Visa using AI to combat AI-driven fraud in New Zealand
Visa, a world leader in digital payments, is fighting back as scammers harness the power of artificial intelligence to target New Zealanders by using AI to combat AI.
We Fight Fraud adopts Salv Bridge to share real-time scam intelligence with banks
Source: WFF
We Fight Fraud (WFF), a specialist financial and cyber crime consultancy, has selected European Regtech scale-up Salv to share intelligence with financial institutions across Europe.
Visa makes AI-driven commerce push in Asia Pacific
Source: Visa
Jack Forestell, Visa’s Chief Product and Strategy Officer said, “Combining the strength of our global network with our leadership in payment innovation here in Asia Pacific, we are bringing new products and solutions that will transform commerce and deliver trust and security to AI-enabled payments across the region.”
Discover Bank Ordered to Repay $1.2 Billion to Merchants Over Swipe Fee Misclassification
The Federal Deposit Insurance Corporation (FDIC) has directed Discover Bank to return over $1.2 billion to merchants who were overcharged on swipe fees.
