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Processors lean on AI to fight fraud

Payments Dive

The issue surfaced this week as Congress members debated the budget and spending reconciliation bill, including a provision that would have prohibited states from regulating AI for ten years. That’s because payments companies will increasingly depend on AI to fight criminals who are tapping the technology for wrong-doing, he said.

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Today In Digital-First Banking: OCC Issues Stablecoin Guidance For Banks; Deutsche Bank, PNC Plan Branch Closures

PYMNTS

In today’s top news in digital-first banking, the Office of the Comptroller of the Currency (OCC) has issued stablecoin guidance, and Deutsche Bank intends to decrease the size of its brick-and-mortar footprint. Plus, Mesh Payments has launched a cardless payment offering that makes recurring and one-time payments easier.

OCC
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How Treasurers Can Prepare For A Real-Time Payments Ecosystem

PYMNTS

That blog post, Long pointed out, was published the same day that the Office of the Comptroller of the Currency (OCC) released an interpretive letter that offered guidance on banks’ and federal savings associations’ ability to provide crypto custody services.