Digitization of small- to medium-sized business (SMB) banking is a double-edged sword. 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...
Once-mighty payments giant Wirecard reportedly faked client data and was lying about internal records in order to get a SoftBank investment for €900 million ($913 million), a report from Financial Times (FT) says. Get the Full Story Complete the form to unlock this article and...
Is “fraudster” a title or job description of some kind? Perhaps it should be, because when shopping or sending money online, you’re never totally sure who’s on the other end. It could be someone you know — or it could be a bad actor who...
Figuring out the best way to maximize money mobility is the goal in today’s digital-first economy, but digital banking’s vulnerability to bad actors has made fraud a pervasive threat to this ideal. Get the Full Story Complete the form to unlock this article and enjoy...
Delio, the first virtual asset service provider (VASP) in Korea has launched the country’s first cryptocurrency bank, offering money market deposit accounts (MMDA) that enable crypto deposit and withdrawal at any time, according to a Thursday (July 7) blog post. Get the Full Story Complete...
Apple has put out two initiatives to help users fend off digital threats such as state-sponsored mercenary spyware, the tech giant announced in a company blog post Wednesday (July 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
A San Francisco law firm says it is investigating the fraud reimbursement practices of a number of major American banks that use the Zelle peer-to-peer payment system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Authorized push payments (APP) fraud in the U.K. amounted to £583 million ($706 million) last year as financial fraud in the country increased 39% from the previous year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Nine people were arrested following the interception of a European Union payments phishing campaign that allegedly defrauded over 5,000 citizens of Ukraine of more than 100 million hryvnias (about $3.39 million), according to a press release. Get the Full Story Complete the form to unlock...
