PYMNTS

AUGUST 9, 2017

According to research from RBR , at the end of 2016, more than six billion UnionPay-branded cards existed worldwide. It has become the default way of life now,” said Shiv Putcha, an analyst with the research firm IDC. Literally every business and brand in China is plugged into this ecosystem.”.

Online and Mobile Banking 46

Online and Mobile Banking Push-to-Card Payments Mobile Payments 46

PYMNTS

JANUARY 30, 2020

What’s more, these transactions are irrevocable, and as fraud losses mount, new questions surface over who holds liability to recoup funds. By definition, real-time payments give financial institutions (FIs) almost no time to analyze and authenticate a transaction to prevent fraud and other financial crimes.

Faster Payments 43

Faster Payments APACS Real Time Payments Financial Crimes 43

FICO

APRIL 29, 2022

Nearly 18 million Americans were defrauded through scams involving digital wallets and person-to-person apps in 2020, according to Javelin Strategy & Research, an industry consultant. About 56,000 romance scams, totaling $139 million in losses, were reported to the Federal Trade Commission last year, according to agency data.

Retail Payments 52

Retail Payments Zelle Romance Scams Consumer 52

FICO

MAY 25, 2023

technology “in the wild”—is irrevocable; how could it possibly be pulled back? In 2017 Google principal researcher and AI visionary Ray Kurzweil predicted that the singularity would occur by 2045, and that computers would have human-level intelligence by 2029. Technology that’s been made freely available to the public—e.g.,

AI 52

AI Regulations Audit Government 52

CB Insights

FEBRUARY 16, 2018

In harnessing this technology, researchers have added a new step: after DNA is cut by CRISPR-Cas9, a new DNA sequence carrying a “fixed” version of a gene can nestle into the new space. CRISPR research has moved so fast that it’s already gone beyond basic DNA editing. Key researchers in crispr’s discovery .

Research 78

Research Irrevocability Process Technology 78

PYMNTS

AUGUST 5, 2019

As part of a research study, they are asked to take a $500 (obviously bad) check, take a picture of it with their phone to deposit to their bank account and then use Zelle to immediately transfer $250 back to them. Unlike checks, instant payments is, well, instant – and irrevocable. Here’s how.

Checks 65

Checks Instant Payments Online and Mobile Banking Irrevocability 65

CB Insights

FEBRUARY 16, 2018

In harnessing this technology, researchers have added a new step: after DNA is cut by CRISPR-Cas9, a new DNA sequence carrying a “fixed” version of a gene can nestle into the new space. CRISPR research has moved so fast that it’s already gone beyond basic DNA editing. Key researchers in crispr’s discovery .

Research 40

Research Irrevocability Process Technology 40

PYMNTS

OCTOBER 16, 2017

To take an example, researchers at FireEye report that North Korea’s President Kim Jong-un loves bitcoin and crypto because of the anonymity and ability they give him to operate outside regulatory oversight. Bitcoin’s innovation — anonymity and irrevocability — have taken the friction out of crime.

Cryptocurrency 71

Cryptocurrency Bitcoin Near Real-Time Use Case 71