Connect with us

Technology

Shaping Payments of Tomorrow: From AI to Real-Time Payments

Published

on

KUALA LUMPUR, Malaysia, April 29, 2025 /PRNewswire/ — The payments landscape is undergoing a significant transformation, driven by rapid advancements in technology and evolving consumer preferences. Here are four key trends that we believe will shape the future of payments.

Trend 1: Leveraging AI against fraud

AI will play a crucial role in personalising payment experiences and enhancing fraud detection capabilities. Deep learning algorithms will become more sophisticated in analysing transaction patterns and identifying potential risks in real-time.

Visa has been at the centre of AI in payments and invested $3.3 billion in our AI and data infrastructure over the last decade. This year, we introduced three new AI-powered risk and fraud prevention solutions, as part of the Visa Protect suite, that are designed to reduce fraud across immediate Account to Account (A2A) and card-not-present (CNP) payments, for transactions on and off Visa’s network. There is immense potential in the next generation of AI to help transform the payments experience, making it more secure and intuitive.

Trend 2: Digital identity simplifies authentication  

For years, passwords, security questions, even card numbers have served as stand-ins for individuals, and fraudsters have taken advantage of this fact. In the future, authentication will rely on highly secure credentials, namely one’s face, fingerprints, or other biometrics.

Visa has introduced solutions such as Click to Pay and Visa Payment Passkey to reduce reliance on traditional PINs and passwords and elevate the payment checkout experience. Visa Click to Pay eliminates clunky checkout processes and reduces the number of steps consumers require to pay for their online purchases.

Visa Payment Passkey requires consumers to do a one-time set-up to bind their devices and authenticate them at participating merchants, removing friction from the online checkout process.

Moving forward, centering biometric markers in payments authentication, in line with the best data privacy, cybersecurity, and AI governance practices will help make the checkout process more convenient and secure, benefiting both consumers and businesses.

Trend 3: Cross-border payments travel fast 

Cross-border money movement has historically been B2B-focused and primarily handled by traditional banks. Cross border payments transcend beyond B2B payments and include peer-to-peer payments or business to consumer payments.

Remittances is a significant part of cross-border payments. Visa’s data also shows new use cases for cross-border payments including payout to creators and digital wallet top-ups. As globalisation and global trade evolve, there is a huge demand for faster and more efficient cross border payment solutions to support the needs of consumers and businesses.

Visa Direct can power real-time and interoperable cross border transactions securely and efficiently, supporting more than 7 billion endpoints, including cards, accounts and digital wallets. Our key focus is building new partnerships and expanding our endpoints.

Trend 4: Real-time payments gain momentum

Real-time payments are growing rapidly across the world and are projected to reach $58 trillion by 2028 globally. The important task for regulators, policymakers and the broader payments ecosystem is to balance innovation with safeguards, protect against the risks associated with the instant and irreversible nature of RTP payments. Keeping consumers’ interests at heart, Visa has rolled out solutions such as Visa Protect for A2A Payments to help mitigate fraud on RTP networks and identify potential instances of fraud.

Interoperability is also key to facilitating trade and global growth, and we see governments working closely with the private sector to address some of the key pain points and gaps.

As we look to the future, these new trends will no doubt impact the way consumers and businesses pay and be paid, making it more seamless and secure for everyone, everywhere.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/shaping-payments-of-tomorrow-from-ai-to-real-time-payments-302440619.html

SOURCE Visa Malaysia

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

MindHYVE.ai™ and Islamabad Diagnostic Centre Forge Strategic Alliance to Launch AGI-Powered Diagnostic Intelligence Across Pakistan

Published

on

By

ISLAMABAD, May 23, 2025 /PRNewswire/ — In a groundbreaking move to elevate clinical diagnostics nationwide, MindHYVE.ai™, a U.S.-based pioneer in orchestrated agentic AI and swarm-intelligent systems, has signed a formal Memorandum of Understanding (MoU) with Islamabad Diagnostic Centre (IDC). The collaboration will see the deployment of Chiron and Ava-AutoNarrator™—two proprietary, AGI-powered agents—across IDC’s core diagnostic workflows.

Initially launching at flagship centers in Islamabad (F-8 Markaz) and Lahore (DHA Phase 4), the pilot will introduce a multi-agent diagnostic intelligence layer, enhancing decision precision, speed, and reproducibility in radiology and laboratory services.

“This isn’t just AI—it’s agentic intelligence in action,” said Belal Faruki, Founder & CEO of MindHYVE.ai™. “By fusing swarm intelligence with domain-specific reasoning models, we’re equipping clinicians with AI collaborators that learn, adapt, and elevate patient outcomes—ethically and transparently.”

Key Innovations:

Chiron – A medical diagnostic reasoner, part of MindHYVE.ai™’s Ava-Agent architecture, performs pre-diagnostic inference and real-time anomaly detection across radiological and laboratory datasets.Ava-AutoNarrator™ – A semi-autonomous narrative generation agent, trained on clinical ontologies, that synthesizes structured reports aligned with ICD and HL7 standards.Agentic Coordination Layer – MindHYVE.ai™’s Swarm AI Framework orchestrates agents in real-time—enabling self-organization, priority optimization, and contextual reasoning across patient records.Secure PACS/LIS Integration – Seamless, encrypted integration with IDC’s Picture Archiving and Communication Systems (PACS) and Laboratory Information Systems (LIS).

Three-Phase Rollout Strategy:

Phase 1 – Ground Launch: Initial deployment, radiologist/lab team onboarding, and system calibration.Phase 2 – Reasoner Tuning: AGI model refinement, cross-clinic feedback loops, and clinical data harmonization across 5–7 IDC locations.Phase 3 – Nationwide Readiness: DRAP-compliant licensing, agent swarm scaling, and full-stack intelligence across IDC’s 130+ branches.

Ethical Intelligence Commitment

All systems will be governed under MindHYVE.ai™’s Ethical AGI Protocol, including:

Human-in-the-loop validationEncrypted patient data pathwaysCollaborative oversight with DRAP and PNACExplainable diagnostic decisions using Ava-Fusion™ reasoning models

“MindHYVE.ai™’s orchestrated AGI reflects our vision of scalable, accessible diagnostics,” said Dr. Rizwan Uppal, Founder & CEO of IDC. “This alliance ushers in a new era of intelligent healthcare, anchored in ethics and excellence.”

About MindHYVE.ai™

Headquartered in Newport Beach, California, MindHYVE.ai™ builds domain-specific AGI agents, multi-agent orchestration systems, and the Ava-Fusion™ family of reasoning models—driving intelligent transformation in diagnostics, infrastructure, and national systems.

Website: www.mindhyve.ai | Email: hello@mindhyve.ai | Contact: +1 (949) 200-8668

Media Contact
Marc Ortiz
Email: marc.ortiz@mindhyve.ai

Photo – https://mma.prnewswire.com/media/2694515/MindHYVEai_idc.jpg

Logo – https://mma.prnewswire.com/media/2686713/MindHYVEai.jpg

View original content:https://www.prnewswire.co.uk/news-releases/mindhyveai-and-islamabad-diagnostic-centre-forge-strategic-alliance-to-launch-agi-powered-diagnostic-intelligence-across-pakistan-302463844.html

Continue Reading

Technology

MediSun Energy and EMSTEEL Launch UAE’s First Pilot to Transform Desalination Brine into Blue Energy and Magnesium Carbonate

Published

on

By

SINGAPORE, May 23, 2025 /PRNewswire/ — MediSun Energy, a Singapore-based integrated brine management company, has partnered with EMSTEEL (ADX: EMSTEEL) (“the Group”), one of the largest publicly traded steel and building materials manufacturers in the region, to launch Project Elixir — the UAE’s first pilot system that transforms desalination brine into renewable blue energy and magnesium carbonate. This groundbreaking initiative introduces a circular model that converts industrial waste into clean energy and sustainable materials, aligning with the UAE’s goals for innovation, decarbonization, and resource efficiency.

The project is supported by an AED 100 million R&D fund launched by ADQ, an active sovereign investor with a focus on critical infrastructure and global supply chains, in 2022. The fund forms part of ADQ Growth Lab, a community of innovators across ADQ’s portfolio that realises the company’s commitment to accelerating innovation and R&D with a focus on unlocking growth opportunities and driving value creation and sustainability across priority sectors of the UAE’s economy.

The pilot will be installed at EMSTEEL’s steel business unit in Abu Dhabi, where MediSun Energy will deploy two integrated systems. The WEGen RED system treats 500 cubic meters of desalination brine per day, generating “blue energy” while consuming less power than conventional processes. The WEGen Green Pilot processes 30 cubic meters of brine daily, captures carbon dioxide, and produces up to 300 kg of magnesium carbonate (MgCO₃) per day — a low-carbon alternative to traditional additives used in steelmaking.

By combining carbon capture and energy recovery, Project Elixir transforms desalination brine — typically treated as waste — into a valuable resource. The recovered magnesium carbonate will be trialed as a sustainable substitute for dololime in EMSTEEL’s electric arc furnace (EAF), supporting the company’s efforts to reduce emissions and advance green steel production.

Eng. Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL, said: “This collaboration with MediSun Energy marks a significant step in redefining industrial sustainability. The ability to convert desalination brine into clean energy and valuable materials directly supports our decarbonization strategy and aligns with national objectives for circularity and innovation. Project Elixir reflects EMSTEEL’s commitment to advancing green steel production while reinforcing the UAE’s leadership in industrial transformation.”

Dusun Kim, CEO of MediSun Energy, said: “This pilot represents a breakthrough for industrial sustainability in the UAE. By turning brine waste into clean power and green materials, we’re demonstrating a circular model for the future of steelmaking. We’re proud to partner with EMSTEEL on this historic initiative.”

Scheduled for installation in mid-2025, the pilot will be implemented without disrupting existing operations. MediSun will lead engineering, installation, and operations, supported on-site by EMSTEEL and Emirates Electrical & Instrumentation Company (EEIC), which will assist with local assembly and integration.

About EMSTEEL

EMSTEEL is a public joint stock company (ADX: EMSTEEL) and the UAE’s largest steel and building materials manufacturer. The Group leverages cutting-edge technologies to supply both the local market and over 70 international markets with high-quality finished products, creating a one-stop shop for the manufacturing and construction sectors.

About MediSun Energy

MediSun Energy is an integrated brine management company headquartered in Singapore. The company specializes in turning desalination brine and industrial waste streams into valuable resources through energy-efficient and circular solutions. MediSun’s proprietary technologies — including Reverse Electrodialysis (RED) and CO₂ mineralization — are designed to decarbonize energy-intensive sectors such as desalination and heavy industry, supporting a more sustainable and resource-resilient future.

For more information, visit www.medisun.energy or write to info@medisun.energy. You can also follow MediSun on LinkedIn.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/medisun-energy-and-emsteel-launch-uaes-first-pilot-to-transform-desalination-brine-into-blue-energy-and-magnesium-carbonate-302462906.html

SOURCE MediSun Energy

Continue Reading

Technology

Think Together Expands Executive Team with Matt Scharpnick as Chief of Innovation

Published

on

By

Think Together creates new C-suite role to fuel market innovation and transform educational outcomes as it expands services and impact across California.

SANTA ANA, Calif., May 22, 2025 /PRNewswire/ — Think Together, California’s leading nonprofit provider of expanded learning, afterschool programs, staffing, and school improvement services, is pleased to announce the appointment of Matt Scharpnick as Chief of Innovation, Impact Portfolio.

With the completion of Think Together’s strategic plan, the organization is launching a bold new phase of growth through its Impact Portfolio to create conditions where every child has access to all of life’s possibilities upon graduation from high school. As Chief of Innovation, Scharpnick will play a pivotal role in building out Think Together’s five-year plan to double its footprint and increase its impact on school systems across California and beyond.

“Our Impact Portfolio is designed to extend the reach of Think Together’s core services by elevating what we offer in support of schools and communities,” said Founder and CEO of Think Together Randy Barth. “Scharpnick brings a rare blend of creativity, strategic insight, and digital innovation expertise that will help advance our vision for scalable and equitable student success.”

In this role, Scharpnick will lead the strategic development of technological solutions for Orenda Education, Leading for Student Success, as well as a new suite of digital products designed to expand the impact of Think Together’s core expanded learning and afterschool programs. He will also drive innovation across Think Together’s Impact Portfolio using technology and strategic design to scale transformative education efforts statewide.

The Impact Portfolio will focus on leveraging digital tools, including artificial intelligence, to help schools elevate student outcomes. Scharpnick will partner with leaders across Think Together and its sister organizations to launch new ventures, train the next generation of education leaders, and deliver proven practices to the right stakeholders at the right time.

Scharpnick returns to Think Together with nearly two decades of experience in strategy, design, and digital transformation. He most recently served as a Director at BCG X, the digital and AI innovation arm of Boston Consulting Group, where he led product  development and venture launches for Fortune 500 companies. He also co-founded Elefint, a design studio focused on supporting mission-driven organizations through strategy and storytelling. Earlier in his career, he served as Think Together’s Director of Marketing and Communications from 2006 to 2007.

“Returning to Think Together feels like coming full circle—not just personally, but professionally,” said Scharpnick. “It’s an exciting moment to be part of an organization that’s leaning into innovation to meet the needs of today’s students. I’m honored to help lead efforts that make our systems more scalable, more sustainable, and ultimately more impactful.”

“Innovation is essential to transforming education at scale,” added Barth. “By reimagining systems and streamlining how we deliver what works in schools, we can align people and practices around a shared vision for student achievement.”

For more information about Think Together and its expanded learning programs, visit thinktogether.org.

About Think Together
For over 25 years, Think Together has partnered with schools and communities to pursue educational opportunity and excellence for all kids. As a nonprofit organization, Think Together innovates, implements, and scales academic solutions that change the odds for hundreds of thousands of California students each year. Think Together’s program areas include early learning, afterschool programs, staffing, and leadership development for teachers and school administrators. For more information, call (888) 485-THINK or visit www.thinktogether.org

View original content to download multimedia:https://www.prnewswire.com/news-releases/think-together-expands-executive-team-with-matt-scharpnick-as-chief-of-innovation-302463867.html

SOURCE Think Together

Continue Reading

Trending