The Federal Trade Commission announced Thursday (May 19) that it will mail 690,000 checks, amounting to over $152 million, to customers who were defrauded by a payday lending fraud scheme run by AMG Services and the company’s owner, Scott Tucker. Get the Full Story Complete...
The pandemic has significantly changed consumer behavior and preferences, pushing banks to upgrade their processes to meet these shifting demands. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Financial crime compliance technology specialist Napier announced Wednesday (May 18) that it has added two new hires to its growing team in North America. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
As goes the online marketplace, so goes fraud. Cybercrooks treat online marketplaces like great fishing spots, ceaselessly testing for vulnerabilities — and often finding them — to exploit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The U.K. Payment System Regulator (PSR) is continuing its fight against authorized push payment (APP) fraud. New rules and legislation will provide the regulator with more tools to reduce fraud and to demand compensation from banks. Get the Full Story Complete the form to unlock...
Fraud detection is constantly improving, but so are the capabilities of fraud rings and hackers, making choice of fraud detection and dispute resolution technology critically important in 2022. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Digital Main Street and Mastercard will expand their partnership with an eye toward giving more resources to help Canadian businesses fight cybercrime, which has been increasing since the beginning of the pandemic, according to a Mastercard press release Monday (May 16). Get the Full Story...
The online shopping surge of the past two years heightened the risk of credit card fraud and drove many merchants to invest more heavily in anti-fraud measures. Merchants tend to rely on a mix of proprietary and third-party tools to resolve transaction disputes and clamp...
The U.S. Department of the Treasury issued its strategy for fighting illicit financing Friday (May 13), highlighting measures designed to make the financial system more transparent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...