The digital age has brought with it a new, sophisticated twist to traditional fraud threats. But while the threat of cybercrime is constantly evolving, as bad actors and cybercriminals leverage the same bleeding-edge tools that organizations have at their disposal, it’s important for firms to...
Lawmakers are demanding greater clarity on FinCEN’s forthcoming beneficial ownership reporting requirements. In a Wednesday (June 7) letter to Financial Crimes Enforcement Network (FinCEN) Acting Director Himamauli Das and U.S. Treasury Secretary Janet Yellen, several House members, including House Financial Services Committee Chairman Patrick McHenry, R-N.C., expressed concern that with only six months until the effective date...
Openforce and Ryder have teamed up to offer commercial vehicle rentals to independent contractors. With this collaboration, independent contractors using the Openforce platform will be able to rent sprinter vans and box trucks from Ryder at exclusive discounted rates, the companies said in a Thursday (June 8) press release....
American Express and Plaid have partnered to make it easier for customers to use FinTech apps. With their new customer-permissioned data sharing agreement, which is to launch this year, American Express customers will be able to connect to any of more than 8,000 apps and services powered by...
Bank impersonation is the most-reported form of text message scam. This form of scam — which begins with a text message that is a fake bank security message — accounted for 10% of all text message scams reported in 2022 and has become 20 times...
DoorDash, in its ongoing effort to find and create new occasions for on-demand delivery, is increasing its gifting options. The aggregator announced Thursday (June 8) a partnership with Edible, the company known for its giftable arrangements of fruits and sweets, to offer on-demand delivery from nearly 1,000 of...
Online grocery adoption may have a long way to go, but many consumers are ready to up their digital engagement, according to PYMNTS research. By the Numbers Research from “Tracking the Digital Payments Takeover: Catching the Coming eCommerce Wave,” created in collaboration with Amazon Web...
CAB Payments Holdings plans to go public via an initial public offering (IPO) in London. The U.K. FinTech, which specializes in payments services and foreign exchange (FX), announced its objective to float on the London Stock Exchange Thursday (June 8). “Our intention to list on the London Stock...
Philippines-based mobile wallet provider GCash is reportedly ready to go public. “We’re pretty much ripe for it,” Ernest Cu, president and CEO of GCash parent Globe Telecom, said in an interview with Bloomberg Television Thursday (June 8), referring to the company’s plan for an initial...
