PYMNTS AM Radar: outsmart fraudsters; Regs BNPL

Today is Wednesday, June 22, and Google News turns 20 this year and gets a makeover. The redesign is inspired by user feedback and focused on customization.

Proteus is Amazon’s first fully autonomous mobile warehouse robot. He has the ability to pick up and drop items while moving items.

It’s Take Your Dog to Work Day, the Biden administration wants to cut nearly all nicotine from cigarettes, and the price of haircuts has risen the most since 1982. Here’s what should be on your radar this morning.

Outsmart fraudsters. NeuroID CEO Jack Alton told Karen Webster of PYMNTS that there are three tell-tale ways to reveal a cyberthief is at work, the first being by detecting human versus machine behavior. Behavior as a technology is difficult to simulate, Alton said, and will increasingly become an additional security layer to the “top of the funnel” mix. READ MORE

Bitcoin’s story tells it all. Bitcoin is down 70% from its all-time high in November, but has it bottomed out? Stephen Pair, CEO of bitcoin payments company BitPay, told Karen Webster of PYMNTS that now is the time for experienced investors to think about getting back into the crypto market and hitting the bottom of bitcoin. READ MORE

Regs BNPL. Jaidev Janardana, CEO of UK challenger bank Zopa, told PYMNTS he welcomes the new buy and pay later (BNPL) mandates. Janardana said this is a new era of BNPL 2.0 centered on regulation and consumer protection. READ MORE

Faster access. Managed disbursement platform Onbe Chief Financial Officer Brian Levin told PYMNTS that gig workers need quick access to wages and often rely on expensive routes like payday loans. Companies can attract and retain on-demand workers by providing faster access to their funds through early access to wages or faster access to real-time payments. READ MORE

ICYMI. Lowe’s makes virtual products available for free on its metaverse hub. Other brands have entered the metaverse with products through a virtual platform or game like Fortnite. Lowe’s Metaverse can be used to visualize home improvement projects, but it’s a platform meant to be explored by users and a work in progress. READ MORE

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NEW PYMNTS DATA: THE CUSTOM PURCHASING EXPERIENCE STUDY – MAY 2022

About: PYMNTS’ survey of 2,094 consumers for The Tailored Shopping Experience report, a collaboration with Elastic Path, shows where merchants are succeeding and where they need to up their game to deliver a personalized shopping experience.

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