Brad Wiskirchen, CEO of Kount, dives into the pandemic’s effect on payments, eCommerce and fraud prevention, and the importance of businesses to address account protection by early 2021. “As new digital interactions between our customers and partners and their end consumers develop, establishing identity trust...
Melissa Townsley-Solis, head of GIACT, discusses one of the negative effects of COVID-19: the escalation of fraud in the payments arena. In “A Look Forward: What Executives Wish for America and the World in 2021.” She stresses the importance of small businesses fighting back against...
In financial services, in the eternal war to keep customers (and themselves) safe from online fraudsters, banks may lift a mantra from the real estate sector: Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
A Texas resident, 32-year-old Samuel Yates, was charged with allegedly trying to file fraudulent bank applications for over $5 million in loans related to COVID-19 relief, according to a press release Friday (Jan. 15) from the Department of Justice. Get the Full Story Complete the...
People in general are more aware of — and concerned about — fraud as we pass through a second season of COVID, and eCommerce continues to rack up impressive stats, good and bad. Get the Full Story Complete the form to unlock this article and...
The Financial Crimes Enforcement Network (FinCEN) late Friday (Jan. 15) announced that it is assessing a $390 million penalty against Capital One for engaging in what it says are “both willful and negligent violations” of the Bank Secrecy Act (BSA). Get the Full Story Complete the...
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Commerzbank has told lawyers that the bank was a victim of fraud in the ongoing Wirecard case, Reuters reported Thursday (Jan. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The post-holiday season is a busy time for consignment stores — making it a busy time for cybercriminals as well. And as new threats emerge, foiling fraud takes more than just spotting and flagging illegitimate transactions, says KP Brendel, director of marketplace operations at online...
