PYMNTS

TerraPay's co-founder has a refreshing take on AI in payments: machines aren't ready to fly solo. Ram Sundaram shares how the right mix of automation and human oversight creates the magic formula for secure, efficient cross-border transfers. No full autopilot just yet. https://hubs.ly/Q03fYH2b0

Paper billing: expensive, slow and responsible for 65% of payment fraud. Our research with FIS shows how automated systems are transforming cash flow, security and customer experience simultaneously. Read on: https://hubs.ly/Q03fYGN-0

Hong Kong has quietly become the cheat code for entering Asia's payments ecosystem. Nuvei's Raymond Cui shares why global companies use this strategic hub to crack the region's regulatory puzzles before expanding across APAC's diverse markets. The smart entry strategy explained: https://hubs.ly/Q03fWWHD0

Testing is in the DNA of successful payments companies. WEX Chief Digital Officer Karen Beck Stroup explains to PYMNTS why the best approach to AI adoption involves starting with small experiments with a high probability of success. More on PYMNTS: https://hubs.ly/Q03fW-6m0

Today in Payments for April 3, 2025: Get all the details from today’s top trending stories, exclusively on PYMNTS! 1️⃣ Visa to Launch New Unified Checkout and Fraud Detection Solutions https://hubs.ly/Q03fM7GV0 2️⃣ Fidelity Launches IRA That Allows Direct Investments in Crypto https://hubs.ly/Q03fM8440 3️⃣ Crypto Prices Slip as Tariffs Rattle Investors https://hubs.ly/Q03fLScq0

AWARENESS GAP: 62% of banks cite consumer knowledge as the key barrier to metal authentication card adoption despite their security and convenience benefits. Our research with Arculus reveals a critical education challenge as stolen credentials drive 41% of fraud cases. See why tap-to-authenticate could replace passwords if this awareness hurdle is overcome: https://hubs.ly/Q03fLn-S0

Crypto executives are pushing Congress to allow interest payments on stablecoins. Issuers already earn interest on the backing assets but can't share it with token holders. The bipartisan GENIUS Act is advancing through Congress with this provision now in debate.

Wealthy shoppers embrace BNPL for luxury splurges and everyday essentials. Here's What's Now today, April 3. 💰 Over 60% of convenience-driven BNPL users earn more than $100,000 annually, shattering the perception that installment payments are only for cash-strapped consumers. 🛍️ PYMNTS Intelligence reveals BNPL has gone mainstream with 38% of Americans using it by late 2024—approaching credit card usage levels as luxury retailers like Neiman Marcus and Bergdorf Goodman partner with platforms like Klarna. 💳 Affluent shoppers strategically use pay later options to manage cash flow, maximize credit card rewards, and avoid impacting credit utilization ratios—turning what was once a necessity tool into a sophisticated financial strategy. Are installment payments becoming the smart money move regardless of income level? Want more data? Continue on PYMNTS: https://hubs.ly/Q03fP02w0

The fact that Agentic AI has already become more than a buzzword speaks to the technology's potential to disrupt and impact financial services.   During our What's Next in Payments conversation, i2c Inc. inc CEO Amir Wain outlines some of the critical infrastructure elements needed for a successful agentic AI strategy, when legacy systems lack a strong enough foundation to support the vast amounts of contextual information that agentic AI requires.   For why Amir believes Agentic AI is truly "customer centric," and who stands to benefit most from the technology, watch the full episode on PYMNTS TV: https://lnkd.in/eYCdWsjG

GenAI's procurement reality check: 69% fear errors, 60% encounter missing data, and 56% believe human supervision remains essential. Our study with Coupa Software explains why only 28% of firms automate fraud prevention despite its proven effectiveness: https://hubs.ly/Q03fLkJg0