PYMNTS reports that BNY’s new Pay-to-Wallet capability lets banks send cross-border payments to retail digital wallets.
BNY has debuted Pay-to-Wallet, a capability for banks to send cross-border payments to retail digital wallets, PYMNTS reports.
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PYMNTS advertised a free-to-register session with Bottomline risk and fraud officer Katie Elliott on verifying suppliers and deciding whether automated business payments should go out.
PYMNTS says its Fraud Economy report found that banks spend $2.27 to stop every $1 that gets through. It says 69% of institutions name damaged customer loyalty as fraud’s most common consequence.
