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Fraudsters are preying on consumers’ anxieties by turning to authorized push payment (APP) fraud for COVID-19-related schemes. Deploying multiple fraud prevention tactics is therefore a must if banks hope to spot complex scams and outfox bad actors, says Megan Kakani, vice president of product and...
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California officials have frozen about 350,000 unemployment debit cards over purported fraud, according to an AP report on Monday (Oct. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Card declines, disputes and chargebacks are sprouting like weeds in a commerce environment dominated by card-not-present (CNP) transactions that are more prone to fraud. Each rejected charge is harmful in its own way, so companies are partnering to get ahead of the problem. Get the...
There’s no soft version, no smoothing it over. Companies charged with protecting people’s data lost ground in 2020, after an abysmal 2019 of breathtaking data breaches. Yes, the pandemic explains a great deal of the new action. Preparedness (or lack thereof) explains the rest. Get...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Brazilian bank accounts are being hit by a new malware, called Vizom by IBM, that makes use of familiar overlay attack tactics to hijack devices in real time, according to a report by ZDNet. Get the Full Story Complete the form to unlock this article and...
Fraudsters are deploying tactics ranging from impersonating tax officials to selling fake PPE on peer-to-peer (P2P) payment apps amid the COVID-19 pandemic. Fighting these threats requires an equally wide-ranging defense, says Jamie Armistead, vice president of Zelle. In this month’s Preventing Financial Crime Playbook, Armistead...
