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The move from standard to real-time transactions adds another layer of complexity and creates further opportunities for fraudsters. Quicker transaction times increase the chances of fraudulent transactions going undetected, writes David Worthington, vice president of payments at Rambus.
June 20
Rambus -
Robinhood Markets has more than 4 million U.S. consumers using its free stock-trading platform. Now, it's in talks to offer them other banking services like savings accounts, according to people familiar with the matter.
June 20 -
The bank’s weakened public reputation makes it a target for additional attacks.
June 20
Steel City Re -
Fountain City Fintech, a program planned by NBKC Bank, would be one of the first fintech incubators formed by a community bank.
June 20
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Having exceeded its original funding goal, further credit union investment opportunities with the CUSO are now closed.
June 20
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The company will pay $48 million for four branches and $230 million in loans.
June 20
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Jelena McWilliams said the agency will ask banks what's working and what's not; the acquisition of Hyperwallet Systems lets PayPal offer more services.
June 20
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The information you need to start your day, from PaymentsSource and around the Web. Today: Interac ramps up development; Regulators issue more PSD2 guidance; Contactless technology moves deeper into donations; Payments Canada appoints a payments and technology chief.
June 20
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Artificial intelligence and machine learning can far exceed human capabilities. But AI is still only as good as the quality of data that's feeding the machine, according to Sunil Madhu, founder and chief strategy officer of Socure.
June 20
Socure -
Paysafe Group has introduced a cash-based online payment mechanism for people who don’t have bank accounts or don’t use cards online due to security concerns. The U.K.-based payments services provider is also expanding its presence in the U.S.
June 20
