Visa says its AI prevents US$25 Billion in fraud a year
In 1993, Visa became the first payments network to apply neural networks to calculate, in real-time, the ‘riskiness’ of a transaction.
In 1993, Visa became the first payments network to apply neural networks to calculate, in real-time, the ‘riskiness’ of a transaction.
More than 500,000 customers will now have access to the innovative payments platform, says.Simon Tong, ASB executive general manager digital, data and brand
Security and privacy at the core of the mobile payment system, says ANZ.
The Bank of England wants to open its interbank settlement service to blockchain technologies as part of a major revamp of the system.
This is not surprising given the need for top notch security across the explosion of new payment tools and services now emerging, says Ovum analyst Gilles Ubaghs.
Ultimately, this could mean the end of physical wallets of cards and cash, says Fred Ohlsson, managing director retail and business banking at ANZ.
Gilles Ubaghs of Ovum notes the challenges ahead for PayPal as it repositions itself as a broader commerce platform
"Partnerships are key in this rapidly evolving marketplace," says Melissa Steward, Westpac NZ’s Head of Global Transactional Services and Enterprise Payments.