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- A report from AU10TIX identified 2025 as the “year of machine deception,” in which synthetic identities and automated fraud engines have learned to adjust and adapt in real time.
- Cross River Bank said it has launched a proprietary, in-house card-processing engine in a move it says places it among a select group of financial institutions offering services ranging from issuing to processing. The bank said it is working with Aion Financial Technologies as its initial pilot partner.
- Zebec Labs Ltd., a payroll and real-time payments platform based on blockchain, said it is integrating digital-wallet technology from Privy, a Stripe Inc. company, into Zebec’s SuperApp for stablecoin-based payments.
- Mastercard Inc.’s board approved a plan to repurchase up to $14 billion of the company’s Class A common stock, effective when a previous $12-billion repurchase program is completed. Approximately $4.2 billion remains to be spent in that program. The company’s share price, at $537, is down from a $598 peak reached in September.
- Real gross domestic product (GDP) worldwide will grow 3.1% next year, down slightly from an expected 3.2% for 2025, according to an analysis from the Economic Outlook 2026 report from the Mastercard Economics Institute.
- Lumanu Inc., a payments platform for artists, said it has integrated Visa Inc.’s Visa Direct real-time global payments network.
- Bloxley Inc., a startup platform featuring peer-to-peer payments and physical and virtual debit cards, announced it raised $2.5 million in a funding round valuing the company at $25 million. Launch is set for the first quarter next year.
- Gift cards are a “close second” to physical presents as the gift people prefer to receive, according to a report from Wells Fargo. The bank surveyed 2,010 U.S. adults from Oct. 30 to Nov. 3 for its study.
- Long-time Wells Fargo executive Marc Winniford has joined MoneyGram International Inc. as chief financial officer.
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