Fortis’ Post

Visa just took fraud detection in the UK to the next level with AI technology! 🔄 Their new service, Visa Protect for A2A Payments, detected 54% more fraud in their pilot. This innovation is a game-changer for banks and consumers alike. 🤖 Stay protected, stay ahead. Who else is excited about this leap in fintech? 🚀 #Visa #FraudDetection #AI #Fintech #Innovation Read More 👉 https://lnkd.in/gStcci3m

Last week's Visa Payments Forum 2024 unveiled groundbreaking trends shaping the future of payments. Thank you, Visa, for inviting us to participate in #VPF2024 we had an incredible time learning about all these emerging trends. Here are our 5 key takeaways: 1. AI & Generative AI Revolution: AI is transforming fraud detection, automating tasks, and enhancing customer experiences. 2. Innovative Payment Solutions: New products are simplifying and securing transactions, leveraging biometrics and NFC technology for seamless experiences. 3. Interoperability & Open Infrastructure: Emphasizing the need for seamless experiences across payment methods, interoperability is crucial for global financial inclusion. 4. Tailored Consumer Experiences: Consumers demand convenience and security. Businesses are partnering with tech providers to offer personalized solutions, enhancing customer satisfaction. 5.Real-Time Payments & Financial Inclusion: Advancements in RTP are empowering small businesses with instant, secure transactions, promoting financial inclusion globally. As Visa CEO Ryan McInerney put it, "We're just trying to make it simpler, easier, and safer to shop and to pay." What emerging payment trends do you think will have the most significant impact on consumers and businesses in the coming years? Do follow Paysend for more engaging content. Curious about our culture, business, or products? Visit us at www.Paysend.com. #fintech #digitalremittance #financialinclusion #VisaDirect #LatAm

🗞 As featured in Finextra Thunes and Visa surveyed 233 European payment leaders on the state of payment interoperability in Europe. The findings were surprising. While most leaders were broadly confident in their cross-border strategy, nearly 40% had lost a business due to siloed payment interoperability. The respondents also indicated that digital wallets were the most challenging payment method for cross-border integration. Read the full article here ➡ https://lnkd.in/g52G9bbR #Thunes #Visa #PaymentInteroperability

𝗛𝗮𝗱 𝗮 𝗰𝗹𝗼𝘀𝗲𝗿 𝗹𝗼𝗼𝗸 𝘁𝗼 𝘁𝗵𝗲 𝗳𝗼𝗿𝗲𝗰𝗮𝘀𝘁𝘀 𝗼𝗳 𝘄𝗵𝗮𝘁 𝗶𝘀 𝗻𝗲𝘅𝘁 𝗶𝗻 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗚𝗹𝗼𝗯𝗮𝗹 𝗟𝗲𝗮𝗱𝗲𝗿𝘀 – 𝗩𝗶𝘀𝗮 𝗮𝗻𝗱 𝗠𝗮𝘀𝘁𝗲𝗿𝗰𝗮𝗿𝗱. 👩🎓If these two Giants think alike – that is 100% guarantee that the world will go in the direction they predict: 💳 Both MasterCard and Visa foresee that 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝘄𝗶𝗹𝗹 𝗯𝗲 𝘁𝗵𝗲 𝗱𝗼𝗺𝗶𝗻𝗮𝗻𝘁 𝗺𝗼𝗱𝗲 𝗼𝗳 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 in the next economy, driven by changing consumer expectations, emerging technologies, and collaborative regulatory engagement. 💱 Both MasterCard and Visa recognize the need for 𝗶𝗻𝘁𝗲𝗿𝗼𝗽𝗲𝗿𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗼𝗽𝗲𝗻 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 to enable seamless and flexible payment experiences across different networks, platforms, and services. 🤖 And what is most important - both MasterCard and Visa 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁 𝘁𝗵𝗲 𝗿𝗼𝗹𝗲 𝗼𝗳 𝗮𝗿𝘁𝗶𝗳𝗶𝗰𝗶𝗮𝗹 𝗶𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝗰𝗲 (𝗔𝗜) in enhancing the security, efficiency, and innovation of payments, as well as the challenges and opportunities that it poses for the payment industry. This means revenues and shares of AI companies will continue to grow 😉 . 𝙈𝙖𝙨𝙩e𝙧𝘾𝙖𝙧𝙙’𝙨 𝙛𝙤𝙧𝙚𝙘𝙖𝙨𝙩: https://lnkd.in/dydCvcHm 𝙑𝙞𝙨𝙖’𝙨 𝙛𝙤𝙧𝙚𝙘𝙖𝙨𝙩: https://lnkd.in/d3_RfRvf   Illustration - credits to Bing https://lnkd.in/dQ4PEUsG

Týden inovací ČR was really great event! There have been many discussions on the #artificialintelligence topic and its practical use across industries, as well as many interesting and inspiring workshops with big names. Besides presentations and great workshops, we also met interesting people and had discussions about their solutions. For example, with Marek Pechlát, Eva Karnikova, together with Visa and their fin-tech partner Snowdrop Solutions, we discussed the possibility of enriching transaction data with merchant details, exact location using Google Maps and even with merchant’s ESG rating! This increases customer satisfaction and also acts as a security feature. This solution creates outstanding customer experiences in top #neobank apps like Monzo, Starling Bank or N26. Furthermore, we had the privilege with Marek Pechlát, Eva Karnikova to meet in person with Lucian Maricas to discuss the Visa Direct solution used by companies like PayPal, Revolut, Wise and other fin-tech companies. This solution allows money transfers within seconds around the world. Real-time cross-border payments are the future! Thank you Komerční banka and Visa for the opportunity to be there. #týdeninovací #AI #payments #sustainability #komerčka #futureisyou

Explore PaymentsJournal's take on the indispensable role of AI in crafting personalized payment experiences for customers. Meanwhile, PYMNTS delves into issuers' strategies for managing real-time fraudsters and Visa CEO's outlook on the long runway ahead for digital payments. UpLead highlights eight B2B payment trends reshaping financial transactions in 2024, from declining check usage to surging virtual cards and cryptocurrencies. Lastly, IBS Intelligence International reports on Mastercard's launch of a new mobile virtual card app simplifying travel and business expenses. Don't miss out on the latest trends shaping the payment landscape! https://lnkd.in/dr4akrew #GenerativeAI #BankingInnovation #PaymentExperiences #Automation #BankingTrends #MobileBanking #payments #banks #i2c #news

AI has been of a growing importance in payments, learn how Visa has been using AI to deliver more efficient and seamless payment experiences in this article.

Building on our previous insights about the #fintech revolution, let's delve into what makes a fintech app truly user-friendly and secure.🔒 🔹 Basic Features: Simplify life with quick registration, personal accounts, and seamless payment gateways. Don't overlook the value of AI-assisted chatbots. 📱 🔹 Advanced Features: Enhance security protocols with biometric scanning and 2FA, while also offering perks like cashback. 🔹 Extra Mile: Differentiate your app by incorporating financial literacy resources like guides, quizzes, and videos. For a deep dive into fintech, continue your exploration on our blog! 🔗https://lnkd.in/d2u5qX3R #FinancialRevolution #MobileBanking #UserExperience #Anadea #FutureOfFinance #Infographic

🌌 As we look into the future, the influence of AI and biometrics emerges.  In this week's episode of Tech People, Ken Coyne - BComm, FCMA is joined by Gideon Fourie, the Group Chief Commercial Officer at RS2 Software plc, a pioneering payments company. As a seasoned expert, Gideon has been at the forefront of innovation, witnessing the massive shifts that have shaped the payments landscape. 🧠🌃 ➡ https://lnkd.in/eQ2Fnc68 📈 This episode delves into the heart of payments, exploring its remarkable evolution over the past decade. From the humble mag stripe to the revolutionary rise of contactless and digital wallets, we uncover the technological leaps that have reshaped the way we transact. 💵 🖥 But technology is just one side of the coin. The behaviour of consumers has played a pivotal role in this journey. Gideon sheds light on how the expectations of the younger generation, driven by the need for instant gratification and mobile accessibility, have moulded the payments industry. Don't miss out on this incredible opportunity to learn about the future of payments with Gideon Fourie! 🚀 #finance #fintech #payments #ai

My highlights from Money 20/20 Amsterdam - Day 2! Today has been packed with speeches on exciting developments in fintech and payments. Running from stage to stage to keep up with it all, here are some of my five key takeaways. 💡AI for Resilience: @Visa's AI technology is enhancing resilience for UK issuers, stepping in to support authorisations when issuers are unavailable. 🔒 Fraud Reduction: @Mehrret Habteab from Visa shared how AI has drastically reduced card fraud, making transactions safer. AI's role in Pay.UK has also detected up to 50% more fraud in account-to-account transactions via Faster Payments. 🚀 Innovative Payment Solutions: Groupe BPCE showcased how their payment services help financial institutions meet instant payments mandates. Solutions like @Payplug and @XPollens are optimising merchant performance and cash management strategies. 📈 Future Trends: Visa's issuance of 10 billion tokens underscores the shift to secure, invisible payments. With 80 billion contactless taps in 2023, the future of payments is here, with biometrics set to revolutionise online transactions. It’s been SUCH an insightful day of networking and learning. LOVED ALL OF IT. #Money2020 #Fintech #AI #Payments