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It’s a scary fact, but anti-fraud experts agree that cybertheft rings are now well-funded multinationals with revenue goals of their own. Even worse, they now have our personally identifiable information (PII) and are using it to open fake accounts, decimating online trust. Get the Full...
The U.S. Federal Trade Commission announced Tuesday (June 21) that it is sending 7,731 checks totaling more than $9.7 million to small businesses hurt by Yellowstone Capital, a merchant cash advance company the government said withdrew money from customers’ accounts without permission. Get the Full...
Treasurers are facing an uphill battle in supporting their organizations’ long-term growth strategy. While they must face the expected challenges of competition and changing consumer expectations for user experience, they must also deal with an entirely new landscape of risk. From geopolitical unrest to public...
To quote that old song: “To everything there is a season.” 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...
First-party misuse — known as “friendly” fraud — can be difficult to detect, and reducing it is a delicate matter of telling true policy abusers apart from innocent parties. Either way, it ends in chargebacks, extra costs and missing merchandise for merchants eating these losses....
Fraud prevention platforms are fine-tuning as the dust of the great digital shift settles, and a prime revelation from this activity is that stopping fraud and knowing your customer often go together, helping merchants prevent cyber theft and deepen consumer bonds. Get the Full Story...
Banking services provider LHV UK is fighting authorized push payment (APP) fraud with the integration of the Confirmation of Payee (CoP) service, now live for all its direct clients. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Eighty-one percent of consumers believe that data security is “very” or “extremely” important when it comes to sharing personal data online, according to “The Future of Authentication in Financial Services,” a PYMNTS and Entersekt collaboration based on survey responses from 2,719 American consumers. Get the...
