Transaction Tagging for the Pay by Bank Evolution

In the past year, Pay by Bank has made strides in utilizing transaction tagging to bolster security and glean market insights, setting the stage for future innovations. As Pay by Bank ventures into new and potentially higher-risk areas, transaction tagging has become more crucial for effective risk scoring and fraud detection. This approach has already led to a more than 3x increase in customer claims in high-risk use cases such as commerce and certain account-to-account(A2A) transfers. This session will explore how tagging elements are shaping product strategies and transforming customer experiences.