Payments

Commonwealth Bank of Australia has developed an advanced artificial intelligence tool that can spot harassment in transaction messages.

Early Warning Services, which operates the peer-to-peer network, is among the latest to take a creative approach to educating consumers about the relentless onslaught of fraud schemes.

In reality, central bank digital currencies would provide only some of the benefits of a real cryptocurrency and would have numerous drawbacks.

Wells Fargo is expanding into New York City's Hudson Yards, Mastercard launches a new generative AI-powered shopping tool, Banc of California closes PacWest acquisition and more in the weekly banking news roundup.

Zelle owner Early Warning Services has completed a test of its digital wallet, which it sees as a tool to streamline payments and combat the rising tide of fraud schemes, including those driven by generative AI.

Real-time payments and a potential central bank digital currency are different initiatives, but many bank customers get them mixed up. To promote acceptance of FedNow, banks must distinguish between these new technologies as well as dispel the myths and fears linked to CBDCs.

How the next generation of payments technology is being developed in fields such as public transit, sports and long-haul trucking.

Australia plans to put Apple Pay and Google Pay under the same rules that apply to credit cards, NatWest is inviting customers into its branches for a tabletop game about the perils of financial scams and more.

Two years after acquiring the installment lender Afterpay, Block, which also owns Square, is seeing the payoff of a strategy that focuses on the sale of specialty items.

Goldman Sachs, which has been trying to jettison its struggling credit card business, now has a potential way out of its partnership with Apple.