Storing payment credentials is a practice increasing by leaps and bounds from streaming services to food delivery, with PYMNTS research finding that 60% of consumers on average store payment credentials. The question is, whom do they truly trust with these credentials? Examining this in the...
With online sportsbooks coming off a record Super Bowl in February and more states legalizing the practice at what seems like a monthly cadence, concerns are rising about the security of betting pay-ins and payouts on these apps and platforms. Market research firm Insider Intelligence...
For financial institutions — credit unions, especially — fighting fraud is a nuanced battle. Karen Postma, managing vice president of risk analytics and fraud services at PSCU, told PYMNTS that FIs are grappling with the rising tides of first-party and third-party fraud. The pandemic has...
This second-to-last installment of PYMNTS’ generational mini-series takes a closer look at the digital habits and behavior of bridge millennials. The cusp generation known as bridge millennials contains both older millennials and the youngest members of Generation X. These consumers are generally considered to have...
For criminals, big news creates big opportunities. And businesses beware — the recent collapses of Silicon Valley Bank (SVB) and Signature Bank offers cybercriminals a perfect cocktail of urgency, uncertainty and money movement, creating an irresistible, golden opportunity for scammers and fraudsters to exploit. “The phishing has been through...
Block saw its stock tumble Thursday (March 20) after a short seller accused it of misleading investors. A report by Hindenburg Research, which the firm said is the result of a two-year investigation, said the payments company inflated the user base of its Cash App...
Living in the past holds organizations back. But as the B2B payments landscape continues to be transformed by ongoing digitization, some enterprises are themselves holding back from fully embracing modern tools out of a fear that going digital could mean opening the floodgates to fraud....
Cannabis company American Patriot Brands has been charged with fraud. The complaint filed by the Securities and Exchange Commission (SEC) also names the company’s CEO, two current and former executives, and subsidiaries DJ&S Property #1 LLC, TSL Distribution LLC and Urban Pharms LLC, the SEC...
Lebanon central bank Governor Riad Salameh has made his first court appearance facing international charges. Five European countries are investigating the Banque du Liban governor and his brother, Raja Salameh, regarding allegations of money laundering and embezzlement of public funds involving hundreds of millions of...
