Source: https://www.pymnts.com/topic/ai

Mastercard is preparing for the future of e-commerce by focusing on tokenization. This technology replaces sensitive account numbers with unique, disposable codes, making it harder for fraudsters to steal information.

Source: https://www.pymnts.com/topic/ai

Maintaining trust in payments is crucial, but faces threats like fraud, security, and compliance risks. Elly Aiala, Chief Compliance Officer at Boost Payment Solutions, highlights these risks as particularly important due to evolving technology and increasing cybercrime sophistication.

Source: https://www.pymnts.com/topic/ai

The US House of Representatives released a report recommending industry-specific AI oversight instead of broad federal regulations. Malaysia launched a National AI Office to regulate its tech sector, while the UK proposed copyright reforms to balance AI innovation with creative industry protections.

Source: https://www.pymnts.com/topic/ai

Perplexity AI closed a $500 million funding round, tripling its valuation to $9 billion, with backers including SoftBank, Nvidia, and Jeff Bezos.

Source: https://www.pymnts.com/topic/ai

Bureau, a fraud prevention platform, has raised $30 million to combat sophisticated forms of fraud using artificial intelligence.

Source: https://www.pymnts.com/topic/ai

MIT researchers created PRoC3S, an AI system that can help warehouse robots handle complex tasks like navigating crowded spaces and managing oddly shaped packages, improving safety and efficiency.

Source: https://www.pymnts.com/topic/ai

Panza, a financial compliance/risk monitoring platform, has partnered with Klaros Group, a Walnut Creek-based advisory firm specializing in bank regulation, compliance, and risk management. Klaros is excited about using AI technology, provided by Panza, to reduce time spent on basic tasks and allow experts to focus more on high-value issues. Klaros has found that many AI solutions lack sufficient client confidentiality protection.

Source: https://www.pymnts.com/topic/ai

The latest AI models show mixed progress, with some experiencing breakthroughs and others facing unexpected challenges, making it difficult to determine the pace of AI advancement.

Source: https://www.pymnts.com/topic/ai

American Express has seen significant growth in virtual cards for business-to-business (B2B) payments, which offer enhanced fraud protection, automation, and flexibility compared to traditional methods.

Source: https://www.pymnts.com/topic/ai