Over half (57%) of US banking executives are using generative AI to help employees be more productive, according to an October 2023 Google Cloud survey conducted by The Harris Poll.
The rollout will help Zilch attract more volume as it angles to become consumers' top payment choice for all purchases
The service can ease consumers' financial concerns and help them avoid alternatives like payday loans
The tie-up can help Adyen attract and retain more merchants as demand grows for B2B installment loan offerings
The company is unable to keep up its pandemic-era growth as POS verticalization ramps up competition
Mounting KYC complaints may damage Block’s reputation—to say nothing of potential legal and financial troubles
If approved by regulators—and that’s a big “if”—this merger could change what large lenders consider possible
But to keep it up to date and effective, financial institutions must follow some best practices.
On this podcast episode, we explore the deployment of AI in payments in 2024. First, we discuss the most impactful use cases for AI in payments, such as fraud detection and prevention, false declines and purchase conversion, B2B payments, enhanced customer service, and digital wallets. In our "For Argument’s Sake" segment, we rank these use cases in order of impact and debate our decisions. Join the conversation with host Rob Rubin, our analyst David Morris, and Angela Murphy, PhD, client partner at Persistent Systems.
Amid rising fintech and neobank competition, traditional financial institutions are investing in their rivals.
The service may incentivize more shoppers to pay with the BNPL provider, and it may also bring Klarna key data benefits
The solution serves both businesses and consumers, although A2A payments at the POS haven’t taken off yet
It’s capitalized on B2B payments digitization and demand for faster payments from both consumers and businesses
These new capabilities can help Visa keep more B2B volume on its cards instead of alternatives like ACH payments
The feature would open up the prepaid debit card to a new volume opportunity and help the wallet compete against Google Wallet