Trusted user experiences are highly important to consumers accessing digital accounts via desktop browser or mobile device. In fact, eight out of 10 consumers say that digital security impacts how much they trust their financial institutions (FIs), according to “The Future Of Authentication In Financial...
In custody since July 2020, the former CEO of Wirecard Markus Braun was by formally charged by Munich public prosecutors with fraud, breach of trust and accounting manipulation following a criminal investigation into the German payments firm, according to multiple media reports on Monday (March...
It’s time to bring the curtain down on “security theater.” You’ve been an actor, perhaps, on that stage — and no bit player, either. Pindrop CEO Vijay Balasubramaniyan told PYMNTS’ Karen Webster that no matter the channel — digital, yes, but especially on the phone...
Companies important to the U.S.’s national interests will now have to report when they’re hacked or if they pay ransomware, an Associated Press report said, under a bill passed by Congress and expected to be signed by President Joe Biden. The rules come as part...
The U.S. Commodity Futures Trading Commission (CFTC) has filed a federal civil enforcement action this week against four men for allegedly conducting a $44 million bitcoin Ponzi scheme. According to a CFTC news release, Dwayne Golden of Florida, Jatin Patel of India, Marquis Egerton of...
Welcome to PYMNTS’ series on crypto crime. We’ll be taking a look at the crimes that have not only been committed in the cryptocurrency industry but have defined it — especially Bitcoin — in many people’s minds. We’ll give you a look at the realities...
Social media platforms and other Big Tech companies are facing new regulatory headwinds in online advertising, this time from the United Kingdom. The U.K. introduced new provisions to the Online Safety Bill March 8 that will require the largest and most popular social media platforms...
While many businesses made the shift to digital during the pandemic, some — too many, in fact — are still relying on paper-based accounts payable (AP) processes. It’s been well documented, of course, that AP modernization can improve cash flow collection. Indeed, PYMNTS’ own data...
That old Watergate adage to follow the money becomes well-nigh impossible in the digital age. After all, the faster the payment, the faster the fraud. The faster the fraud, the easier it is for the criminals — plying their trade online with synthetic IDs, hiding...
