Payment Fraud Is Moving Upstream, and Visa Just Bought the Data to Follow It
Visa agreed to acquire behavioral-intelligence provider BioCatch for 2.4 billion dollars in cash. The acquisition gives Visa capabilities to detect fraud earlier in the payment process by analyzing customer behavior patterns before transactions occur.
Read full story →LoanDepot Q2 Revenue Jumps 18% on Home Equity Expansion
Home equity lending drove unit volume growth of 25% and revenue growth of 18% in the second quarter. LoanDepot expanded its home equity lending business as a central strategy during this period.
Appeals Court Overturns Ban on Perplexity AI Shopping Agents on Amazon
A U.S. appeals court reversed a March ban preventing Perplexity's AI shopping agents from accessing Amazon's platform. Amazon had claimed the agents violated federal hacking law, while Perplexity argued it did not breach the statute prohibiting unauthorized computer access.
Bahrain based Fintech Infinios Activates Live Stablecoin Settlement with Mastercard
Infinios activated live stablecoin settlement services using regulated stable digital currencies through a Mastercard partnership. The Bahrain-based fintech became the first issuer in the Kingdom to offer this settlement capability.