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Buy now pay later (BNPL) has grown rapidly over the past few years, reshaping how consumers think about credit. While traditional credit cards still dominate U.S. consumer spending, BNPL providers like Affirm, Afterpay, Klarna, and PayPal are creating a shift in expectations that financial institutions and merchants can no longer ignore. This shift is not just about offering another way to pay; it…

Chargeback volumes have increased 25% annually over the past three years, pushing financial institutions to reconsider their manual processing approaches. With each dispute costing between $25 and $50 to process manually, automation has shifted from a nice-to-have to a business necessity for many organizations. The traditional approach — teams of analysts reviewing disputes, gathering documentatio…

Synthetic identity fraud represents the fastest-growing financial crime in the United States, yet many financial institutions still struggle to detect it. Unlike traditional identity theft where criminals steal existing identities, synthetic identity fraud involves creating new identities by combining real and fabricated information. This Frankenstein approach to fraud cost US lenders an estimated…

Business email compromise attacks cost organizations $2.4 billion in 2021 alone, according to the FBI’s Internet Crime Complaint Center. For financial institutions, these losses represent just the tip of the iceberg. Banks and credit unions face a perfect storm of attractive targets, sophisticated attackers, and mounting regulatory scrutiny that makes BEC prevention a critical priority. Financial …

The payments industry in Europe is bracing for its next major regulatory evolution with PSD3 (Payment Services Directive 3). Following the landmark revisions introduced by PSD2, this new update is poised to address lingering challenges while adapting to the rapidly evolving financial and technological landscapes. But what does PSD3 aim to change, and why should banks and payment providers care? Th…

Data protection is a top priority in banking and payment systems, where sensitive information such as cardholder details and personal data are frequently exchanged. The rapid rise in cybercrime and data breaches makes robust security frameworks indispensable for financial institutions. Two key technologies, Encryption and Tokenization, are at the forefront of safeguarding sensitive information. Th…