Featurespace announced a leadership change after its acquisition by Visa. CEO Martina King will retire, succeeded by Jason Blackhurst as SVP, head of Featurespace and acceptance risk solutions at Visa. Blackhurst, previously SVP of innovation at Visa, will relocate to the UK. Visa completed the acquisition in December, integrating Featurespace into its Risk and Identity Solutions unit. Featurespace's adaptive behavioral analytics technology recently received a U.S. patent.

Say ‘Mississippi’. In the time it took you to say it, $199,771 USD was spent online – the$6.3 trillion eCommerce market divided by the 31,536,000 seconds in a year. If every sale made in that single second was routed to the average global citizen’s bank account instead of hundreds of companies then, since they earn $9,733 per year, they would. make twenty years of wages in a single second. Widen the scope to all retail sales, online and off, and the figure expands dramatically to$30.5 trillion, and the per-second figure becomes a dizzying $967,148. While cash accounts for

Artificial intelligence verification software firm Informed.IQ teamed with loan origination system (LOS) Fuse. Via the partnership, the companies launched a solution that offers streamlined verifications and fraud detection for financial institutions, according to a Tuesday (June 4) press release. “Fuse enables banks and credit unions to build custom workflows and integrations with their next-gen loan origination software,” the companies said in the release. “The new workflow allows users of the Fuse system to take advantage of Informed’s AI-powered verification suite to reduce operating expenses, detect income fraud, shorten loan processing times, and allow lenders to access that information in a single location in the LOS.”