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AI Defense, Dynamic Deals, and Leadership Moves: Mastercard, Visa, Chase, DoorDash, and Wells Fargo
Manage episode 431940661 series 3586686
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First up, Mastercard and Visa are ramping up cybersecurity by deploying advanced AI to detect and prevent fraud, aiming to enhance consumer trust in digital payments.
In card news, Chase and DoorDash renew their collaboration, offering new perks like recurring discounts and a complimentary DashPass for new cardholders. DoorDash expands its delivery network to include Michaels and Save A Lot amidst rising inflation.
Moving to regulatory updates, the CFPB's new rules for Buy Now, Pay Later services stir debate. Affirm and Klarna warn of potential disruptions, while AARP calls for better consumer protections for older users.
From the executive suite, Bridget Engle joins Wells Fargo as Senior EVP and Head of Technology, bringing over 30 years of industry experience. Tracy Kerrins is set to lead a new generative AI unit.
In marketing, American Express targets younger consumers through a dynamic social media strategy, earning increased membership among millennials and Gen Z by emphasizing authenticity and exclusive experiences.
Finally, LendingClub reports a 10% increase in loan originations, driven by strong credit performance and high user engagement on their mobile app.
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