PaymentsJournal.com

We’ve decided to sunset our activity on @paymentsjournal and focus our attention on LinkedIn. We appreciate your support & engagement over the years. To continue receiving the same insights, please follow us here: ow.ly/SAJQ50V77Py Thanks for being a part of our community.

As we shift our social communications to focus on LinkedIn, we’ll no longer be active on X starting in March. Thanks for engaging with us and being part of our journey. Stay connected and continue receiving great insights here: ow.ly/bS1O50V77LI

We’re winding down our activity on X to focus our attention on LinkedIn. While we’ve valued the support of our audience here, follow us on LinkedIn for all the latest industry updates and thought leadership. Let’s stay connected: ow.ly/ZreM50V77CG

@AldiUK’s #ShopandGo store, a #cashierless #grocery in the UK, are facing criticism for requiring a £10 deposit from each shopper. Many customers are unaware of the deposit. If they spend less than £10, the refund can take several days. Read more: paymentsjournal.com/aldis-no-check…

A series of service outages have impacted major British financial institutions in recent days, causing payment delays that have affected hundreds of customers. Read more: paymentsjournal.com/uk-banking-out… #payments #banking #fintech #UK #outages

Mike Kosak of @LastPass, spoke with Tracy (Kitten) Goldberg of @JavelinStrategy about the emergence of nation-states as threats, the rise of #deepfakes, and why information-sharing may be the effective defense. Read more: paymentsjournal.com/the-looming-cy… #fraud #cybercrime #malware

The Justice Department has shut down a Pakistan-based network that had been openly selling #hacking and other #cyberfraud tools online. The group, known as Saim Raza or HeartSender, had been in operation since at least 2020. Read more: ow.ly/92tj50USt2c #fraud #phishing

@Tether will launch its flagship #stablecoin, #USDT, on the #Bitcoin #blockchain and the #LightningNetwork, making it available on the infrastructure that powers the world’s largest cryptocurrency. Read more: ow.ly/KM3350USsQm

#Realtimepayments are bringing millions of people into the financial ecosystem, opening new markets for FIs, and bringing lower costs and higher efficiency to consumers, businesses, and governments. Read more: paymentsjournal.com/transforming-e… #payments #RTP #globalpayments #banking

#Travelpayments continue to shift to #digitalwallets, especially among younger travelers. More than half of Gen Z and millennial travelers booked their recent trip on a #mobile device, while a third used a laptop or desktop computer. Read more: ow.ly/cpty50URntF #payments

Most consumers in #Canada use #instantpayments and will continue to do so, but #fraud remains a top concern. Read more: ow.ly/GS2350URniX #payments #rtp #realtimepayments

#Fintechs worldwide are launching apps that leverage #artificialintelligence to provide #wealthmanagement services to high-net-worth individuals. Read more: paymentsjournal.com/new-ai-powered… #AI

Michael Herd of @Nacha, and Elisa Tavilla of @JavelinStrategy, discuss the growth areas for the #ACH Network, the continued rise of #SameDayACH, and the future of the platform. Read more: paymentsjournal.com/ach-has-best-y… #payments #paybybank #subscriptions

As the Year of the Snake begins, merchants in China are optimistic about a prosperous Chinese New Year. Payments giant Alipay+ is partnering with #merchants to make sure the holiday is both smooth and profitable through special promotions. Read More: ow.ly/AtaC50UPFpq

The way businesses pay and get paid is still evolving. Complex, manual systems continue to be replaced by smarter, more automated and integrated tools that save time, generate cash back, cut costs, and improve security. Read More: ow.ly/ciaw50UPvkt

Most businesses still rely on manual processes to handle at least part of their payments, contributing to a growing problem with failed #payments. Read more: ow.ly/jCsM50UOFOb #automation #manualprocesses

Q4 spending by American Express’ more affluent customer base rose by 8% year-over-year, driven particularly by strong shopping activity among millennial and Gen Z consumers. Read more: ow.ly/vPxf50UOFCt #payments #credit #creditcards #spending #wealthmanagement

Glenn Fratangelo of @NICE_Actimize, and Jennifer Pitt of @JavelinStrategy, discuss the evolving ways #moneymules are deployed, impacts on #banks, and ways financial institutions can protect themselves from this threat. Read more: ow.ly/Rosg50UOEO3 #payments #fraud

Two UK financial organizations are planning to establish an independent firm, Open Banking Limited, designed to foster the adoption of variable recurring payments (VRPs). Read more: ow.ly/577v50UO3HO #payments #VRP #VariableRecurringPayment #openbanking

The promise of stablecoins to facilitate #crossborder #payments has taken an important step. DP World, a logistics company based in Dubai, announced its #stablecoin, developed in collaboration with several global financial institutions. Read more: ow.ly/Ch7o50UO3EV