If you see a brand-new, shiny QR code sticker on an older, weathered sign, you should take a closer look before using it or allowing your customers to use it. Like any other method of payment, QR code-initiated payments have become a target of scammers....
The U.S. Securities and Exchange Commission (SEC) has charged James Velissaris, former chief investment officer and founder of Infinity Q Capital Management, with overvaluing assets and pocketing tens of millions, a press release says. Velissaris overvalued the assets by over $1 billion. Allegedly, beginning at...
When accessing their digital financial accounts, customers want to have a choice of channels and devices to use. They also want to have a great user experience (UX), whether via a desktop website, app or mobile browser. “That flexibility is really important, allowing choice for...
With ransomware on the rise, the FBI is looking at cryptocurrency as the main way these cybercrimes are facilitated, Bloomberg reported Wednesday (Feb. 16). Per the report, crypto has been used by “cyber crooks” that have taken on digital innovations in such a quick fashion...
Hermès Birkin bags start at $12,000 and stretch into the stratospheric from there. In December, an artist sold a nonfungible token (NFT) featuring an image of a reimagined Birkin for $42,000. That could explain why payments players might be taking another look at NFTs and...
Online shoppers are likely to find ‘mystery packages’ on Facebook Marketplace that are actually situations where the shopper pays for a box of unknown goods which have been stolen from porches or shoplifted, according to a Monday (Feb. 14) report from the Greeley Tribune. Other...
Welcome to PYMNTS’ series on crypto crime. In it, we’ll be looking 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...
Seven out of every 10 people in a survey of more than 2,000 adults across the U.K. have experienced potential rip-offs online, according to new Competition and Markets Authority (CMA) research, which also notes 85% of survey respondents believed businesses were being dishonest with customers....
Meta is trying to stop fake luxury goods from circulating on its platforms, including big names from Gucci to Chanel, Reuters writes. The platforms have become concentrated areas for counterfeit offenders. The report says the brands’ work on policing services like Facebook, Instagram and WhatsApp...
