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Processors lean on AI to fight fraud

Payments Dive

In one instance, Richards explained how AI used card payments data to flag a fraudulent transaction when a card holder was tracked as buying sushi at a restaurant around lunch-time in San Francisco, and 30 minutes later paying for an Italian meal on the other coast in New York. You can unsubscribe at anytime. By Lynne Marek • Aug.

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Donna Turner, Early Warning

Payments Source

As chief fraud policy and control officer for Early Warning, it’s Donna Turner’s job to ensure security when consumers enroll through the Zelle app, and protect consumers and participating banks when users zap payments to recipients at different institutions.

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Today In Data: Digital Payments Take Two Steps Forward, One Step Back

PYMNTS

Sure, payments are getting more digital, but the paper check has remained a stunningly persistent player. . $75 75 billion: Value of transactions processed by Zelle in 2017. 32 percent: Share of firms that report using checks more than any other method when receiving payments.

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Get a Healthy Bottom Line with Digital Payments

Payment Savvy

Consumers today expect businesses to offer a variety of payment options. This includes credit and debit cards, ACH payments , and even instant bank transfers services, such as Zelle. By accepting digital payments, you make it easy for customers to pay you. Digital payments process quickly, often in real-time.

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More Payment Platforms Mean More Headaches For B2B Sellers

PYMNTS

PayPal , for example, is deepening its presence in the industry by partnering with B2B FinTechs and enabling suppliers that send e-invoices to receive payment. Zelle , the peer-to-peer payment platform designed by financial institutions to compete with Venmo, is gradually increasing its presence in B2B payments, with U.S.

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How AP Digitization Tackles Hospitals’ Biggest AR Woes

PYMNTS

Accounts payable is also only a single piece of the broader hospital payments and cash management landscape as industry players demand access to ways to refund patients with real-time solutions like Zelle , as well as ways to pay physicians and employees electronically and more efficiently.

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FinServ At The Intersection Of ‘Expertise, Functionality And Experience’

PYMNTS

” The CEO also noted that many of Fiserv’s latest offerings center around the theme of payments speed. “We’ve got more than a handful of organizations right now using Alexa for everything from checking balances to initiating payments,” reflected Yabuki. . “Security tends to always be a requirement.”

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