The 5-minute briefing for payments professionals who need to know what happened, what it means, and what to do about it — before their 9am.
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The European Council and Parliament have tightened the Payment Services Directive (PSD2), introducing robust fraud prevention and clearer operational guidelines for payment service providers. This overhaul is set to reshape the European payment landscape, ensuring higher security standards and transparency, crucial for maintaining consumer trust and compliance.
US Bank is testing the waters with its own stablecoins on the Stellar blockchain network, signaling a major shift towards embracing blockchain for enhanced payment solutions. This move could pave the way for broader adoption of digital currencies in mainstream banking, potentially transforming payment processes with increased speed and reduced costs.
Source:Artificial intelligence was a game-changer this Black Friday, driving online sales to a staggering $11.8 billion, a 9% increase from last year. AI's role in optimizing consumer engagement and traffic not only boosted sales but also highlighted the growing influence of tech in retail strategies, setting new standards for future shopping events.
Source:Visa's new partnership with Aquanow to enhance stablecoin settlements across Central and Eastern Europe, the Middle East, and Africa marks a significant step in digital currency's integration into global finance. This collaboration aims to streamline transactions and expand digital payment infrastructures in these key markets.
Source:New York has set a precedent by legislating against AI-driven personalized pricing, requiring retailers to disclose if AI influences pricing strategies. This move towards greater transparency and consumer protection could inspire similar regulations globally, impacting how retailers leverage AI for pricing.
Source:“Did you know that the first credit card was issued in 1950 by Diners Club and was made of cardboard?
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