Nov. 22 - Fed queries CapOne on Discover deal

Nov. 22 - Fed queries CapOne on Discover deal | Real-time scams rise

Real-time payments scams rise; CFPB tweaks big tech payments rule; Amazon now accepts EBT card payments; PayPal CEO pushes beyond payments

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Daily Dive

Nov. 22, 2024 | Today’s news and insights for payments leaders

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Which direction is AI in finance headed?

New data reveals CFOs are leveraging AI for payment automation and fraud detection and evolving use cases for generative AI. Read the full survey.

Richmond Fed seeks more CapOne-Discover input

The regional Fed bank, which has purview for the proposed merger, demanded more information from the bank as it considers whether to approve the deal.

Real-time payments scams rise

More people are falling for real-time payment scams as the use of such speedy systems increases, a FICO survey showed.

CFPB tweaks big tech payments rule

In finalizing the new rule to oversee digital wallet providers Thursday, the Consumer Financial Protection Bureau said it made important changes to its initial proposal.

Amazon now accepts EBT card payments

The e-commerce giant began letting needy families shop on its website with their federal benefits cards earlier this month.

Deep Dive

PayPal CEO pushes beyond payments

After a year as CEO of the digital payments pioneer, Alex Chriss is spearheading an expanded role in commerce for the company.

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