September 20, 2019 Sales of counterfeit goods, particularly on third-party sites that facilitate transactions between individual buyers and sellers, have skyrocketed with the advent of online shopping. Even well-established and trusted marketplaces like ...
September 20, 2019Subscription-based businesses have become all but ubiquitous over the past few years.
Customers can have anything from razors to clothing to toys delivered to their front steps, and they can stream ...
September 19, 2019Fraudsters sold counterfeit products worth $323 billion last year, and are projected to make off with $1.8T by 2020. Kimberly Gianopoulos, director at the U.S. Government Accountability Office says that ...
September 19, 2019Global fraud’s price tag reached $4.2 trillion last year. The Securing B2B Payments Report includes a Deep Dive outlining how learning technologies like AI are being deployed to keep fraudsters ...
September 18, 2019The fallout over alleged fraud at the hands of payroll software company MyPayrollHR came to a head this week when the Federal Bureau of Investigation announced a probe into the ...
September 18, 2019For FIs, staying secure requires a fundamental shift in how they protect against account opening fraud and synthetic identity theft, says Dominic Venturo, executive vice president at U.S. Bank. In ...
September 18, 2019In the $1.8T construction industry, payment delays to contractors and subcontractors can have a crippling effect on the timely completion of projects. Karin Rush and Linnet Phoenix of DPR Construction ...
September 18, 2019 Online marketplaces need to meet higher standards if they want to keep customers from the competition.
For third-party marketplaces, that means supporting transactions in local currencies and through the local payment ...
September 17, 2019 Banks lost about $4 billion to account takeover (ATO) fraud attempts last year and the losses are set to further increase as this year progresses. ATO and other fraud methods that ...
September 17, 2019 In today’s highly interconnected ecosystem, businesses rely on many other companies to keep their operations running smoothly. The timeliness of B2B payments raises the stakes for all parties involved, as ...
September 16, 2019The first Influencer Fraudnomics Summit in New York City on Tuesday (Sept. 17) will discuss the fraud problem stemming from influencer marketing.
The event strives to unite the worlds of communications ...
September 16, 2019Experts may agree that small business owners have more choice than ever before when it comes to adoption of FinTech — thanks in part to a surge in innovation, as ...
September 15, 2019A massive data breach has compromised the records of 198 million car buyers.
Jeremiah Fowler, a senior security researcher at Security Discovery, discovered the breach after coming across the same 413GB dataset ...
September 13, 2019Payments and commerce fraud comes in a variety of rancid flavors and uses a variety of tactics, many of them increasingly sophisticated, mobile and digital. But sometimes payments-related fraud comes ...
September 13, 2019Rampant data breaches have left consumers on edge about digital fraud. They are not only anxious that their personally identifiable information may be compromised, but also skeptical that their financial ...
September 12, 2019 Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. ...
September 12, 2019Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country.
This week, it was reported that the ...
September 12, 2019Payroll processing company MyPayrollHR has suddenly closed, leaving some business customers in limbo and drawing accusations of fraud and leading to employees losing money.
The Times Union reported this week that ...
September 12, 2019 In only two days, banks, payment providers and merchants in the European Union will finally hit the controversial deadline for compliance with Strong Customer Authentication (SCA). As there are still ...
September 11, 2019Thai state-owned oil and gas company PTT and blockchain energy nonprofit Energy Web Foundation (EWF) have announced that they are teaming up to build a blockchain-based renewables platform.
According to Coin ...
September 11, 2019Email often gets overlooked in the 2019 digital economy, given the higher levels of excitement attached to social media, video and other, more cutting-edge tools — to say nothing of ...
September 11, 2019PillPack, the online pharmacy that Amazon bought in 2018, has run into a big issue when it comes to determining patient prescription history, according to a report by CNBC.
The company ...
September 11, 2019The regulatory landscape has become stricter – and more expensive – as enterprises and FIs grapple with fraudsters and seek to protect data and dollars. In the latest AML/KYC Tracker, the ...
September 11, 2019Fraudsters are increasingly targeting mobile banking services and that’s a challenge for financial app startups that don’t have long fraud-fighting histories to prove to customers they’re secure, says Nicolas Dinh, ...
September 10, 2019 The digital identity verification market is projected to reach $12.8 billion by 2024, despite the fact that digital IDs are still largely underused in the world today. PYMNTS’ Digital Identity ...
September 10, 2019Despite all the discussion about verifying digital IDs without creating friction for the user, recent incidents like cybercriminals using AI to impersonate an energy company’s CEO to falsely request money ...
September 10, 2019A subsidiary of automaker Toyota has lost millions of dollars thanks to a vendor payment scam, according to SC Media UK reports.
The publication said Monday (Sept. 9) that Toyota Boshoku ...
September 10, 2019Canada’s Everlink Payment Services, a payment solution and service provider for banks, credit unions and small businesses, is strengthening its fraud controls for clients through a collaboration with ACI Worldwide.
In ...
September 10, 2019 Businesses that fail to comply with anti-money laundering (AML) and know your customer (KYC) regulations risk major regulator fines and irreparable damage to customer relationships when something goes wrong. Companies ...
September 9, 2019Today in the payments news roundup, The We Company, the owner of WeWork, is reportedly moving ahead to roll out an investors’ roadshow as it eyes an initial public offering ...
September 9, 2019One might have thought the low watermark for digital security headlines came the week before last, with the near-continuous revelations that Jack Dorsey had fallen victim to a SIM swap ...
September 9, 2019Although accessing government services online is much more convenient than in person, it can be a struggle for those who lack digital ID. That’s a problem myGovID, the Australian government’s ...
September 9, 2019The cybersecurity world is witnessing a potentially new, dangerous threat: according to insurance firm Euler Hermes, one of its corporates fell victim to cyber fraud after attackers used sophisticated artificial ...
September 6, 2019We hope you had a great holiday, and that this past week was productive and profitable. It was a busy week for payments and commerce news, and the new PYMNTS ...
September 6, 2019 Call centers are starting to move away from KBA as new technologies emerge. The number of facilities looking for alternatives has doubled since 2018, with 17 percent utilizing MFA to ...
September 6, 2019Uber drivers and Airbnb hosts expect to be paid instantly, yet insurance claims payouts for their car accidents or home repairs are still a slow, paper check game. Artificial intelligence ...
September 6, 2019 The use of digital identities is becoming commonplace, and consumers are largely satisfied with their presence. In fact, PYMNTS’ Digital Identity Lifestyle Capsule found that 100 percent of eCommerce customers ...
September 5, 2019 Seventy percent of gig economy workers are still living paycheck to paycheck, despite pulling in more money than ever. Instant payments and disbursements are therefore only growing more integral to ...
September 4, 2019Visa announced that since their inception, chip cards have reduced counterfeit fraud by 87 percent.
“Chip cards are increasingly becoming the norm as usage and acceptance has continued to grow since ...
September 4, 2019Artificial intelligence (AI) remains one of the most interesting technologies to call centers that are looking to better support and engage customers across their many channels.
Whether bank or business, call ...
Sales of counterfeit goods, particularly on third-party sites that facilitate transactions between individual buyers and sellers, have skyrocketed with the advent of online shopping. Even well-established and trusted marketplaces like ...
Subscription-based businesses have become all but ubiquitous over the past few years.
Customers can have anything from razors to clothing to toys delivered to their front steps, and they can stream ...
Fraudsters sold counterfeit products worth $323 billion last year, and are projected to make off with $1.8T by 2020. Kimberly Gianopoulos, director at the U.S. Government Accountability Office says that ...
Global fraud’s price tag reached $4.2 trillion last year. The Securing B2B Payments Report includes a Deep Dive outlining how learning technologies like AI are being deployed to keep fraudsters ...
The fallout over alleged fraud at the hands of payroll software company MyPayrollHR came to a head this week when the Federal Bureau of Investigation announced a probe into the ...
For FIs, staying secure requires a fundamental shift in how they protect against account opening fraud and synthetic identity theft, says Dominic Venturo, executive vice president at U.S. Bank. In ...
In the $1.8T construction industry, payment delays to contractors and subcontractors can have a crippling effect on the timely completion of projects. Karin Rush and Linnet Phoenix of DPR Construction ...
Online marketplaces need to meet higher standards if they want to keep customers from the competition.
For third-party marketplaces, that means supporting transactions in local currencies and through the local payment ...
Banks lost about $4 billion to account takeover (ATO) fraud attempts last year and the losses are set to further increase as this year progresses. ATO and other fraud methods that ...
In today’s highly interconnected ecosystem, businesses rely on many other companies to keep their operations running smoothly. The timeliness of B2B payments raises the stakes for all parties involved, as ...
The first Influencer Fraudnomics Summit in New York City on Tuesday (Sept. 17) will discuss the fraud problem stemming from influencer marketing.
The event strives to unite the worlds of communications ...
Experts may agree that small business owners have more choice than ever before when it comes to adoption of FinTech — thanks in part to a surge in innovation, as ...
A massive data breach has compromised the records of 198 million car buyers.
Jeremiah Fowler, a senior security researcher at Security Discovery, discovered the breach after coming across the same 413GB dataset ...
Payments and commerce fraud comes in a variety of rancid flavors and uses a variety of tactics, many of them increasingly sophisticated, mobile and digital. But sometimes payments-related fraud comes ...
Rampant data breaches have left consumers on edge about digital fraud. They are not only anxious that their personally identifiable information may be compromised, but also skeptical that their financial ...
Financial services providers that slack on regulatory compliance and fail to safeguard their operations against money laundering, terrorist financing and other criminal activities may face damaged reputations and significant fines. ...
Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country.
This week, it was reported that the ...
Payroll processing company MyPayrollHR has suddenly closed, leaving some business customers in limbo and drawing accusations of fraud and leading to employees losing money.
The Times Union reported this week that ...
In only two days, banks, payment providers and merchants in the European Union will finally hit the controversial deadline for compliance with Strong Customer Authentication (SCA). As there are still ...
Thai state-owned oil and gas company PTT and blockchain energy nonprofit Energy Web Foundation (EWF) have announced that they are teaming up to build a blockchain-based renewables platform.
According to Coin ...
Email often gets overlooked in the 2019 digital economy, given the higher levels of excitement attached to social media, video and other, more cutting-edge tools — to say nothing of ...
PillPack, the online pharmacy that Amazon bought in 2018, has run into a big issue when it comes to determining patient prescription history, according to a report by CNBC.
The company ...
The regulatory landscape has become stricter – and more expensive – as enterprises and FIs grapple with fraudsters and seek to protect data and dollars. In the latest AML/KYC Tracker, the ...
Fraudsters are increasingly targeting mobile banking services and that’s a challenge for financial app startups that don’t have long fraud-fighting histories to prove to customers they’re secure, says Nicolas Dinh, ...
The digital identity verification market is projected to reach $12.8 billion by 2024, despite the fact that digital IDs are still largely underused in the world today. PYMNTS’ Digital Identity ...
Despite all the discussion about verifying digital IDs without creating friction for the user, recent incidents like cybercriminals using AI to impersonate an energy company’s CEO to falsely request money ...
A subsidiary of automaker Toyota has lost millions of dollars thanks to a vendor payment scam, according to SC Media UK reports.
The publication said Monday (Sept. 9) that Toyota Boshoku ...
Canada’s Everlink Payment Services, a payment solution and service provider for banks, credit unions and small businesses, is strengthening its fraud controls for clients through a collaboration with ACI Worldwide.
In ...
Businesses that fail to comply with anti-money laundering (AML) and know your customer (KYC) regulations risk major regulator fines and irreparable damage to customer relationships when something goes wrong. Companies ...
Today in the payments news roundup, The We Company, the owner of WeWork, is reportedly moving ahead to roll out an investors’ roadshow as it eyes an initial public offering ...
One might have thought the low watermark for digital security headlines came the week before last, with the near-continuous revelations that Jack Dorsey had fallen victim to a SIM swap ...
Although accessing government services online is much more convenient than in person, it can be a struggle for those who lack digital ID. That’s a problem myGovID, the Australian government’s ...
The cybersecurity world is witnessing a potentially new, dangerous threat: according to insurance firm Euler Hermes, one of its corporates fell victim to cyber fraud after attackers used sophisticated artificial ...
We hope you had a great holiday, and that this past week was productive and profitable. It was a busy week for payments and commerce news, and the new PYMNTS ...
Call centers are starting to move away from KBA as new technologies emerge. The number of facilities looking for alternatives has doubled since 2018, with 17 percent utilizing MFA to ...
Uber drivers and Airbnb hosts expect to be paid instantly, yet insurance claims payouts for their car accidents or home repairs are still a slow, paper check game. Artificial intelligence ...
The use of digital identities is becoming commonplace, and consumers are largely satisfied with their presence. In fact, PYMNTS’ Digital Identity Lifestyle Capsule found that 100 percent of eCommerce customers ...
Seventy percent of gig economy workers are still living paycheck to paycheck, despite pulling in more money than ever. Instant payments and disbursements are therefore only growing more integral to ...
Visa announced that since their inception, chip cards have reduced counterfeit fraud by 87 percent.
“Chip cards are increasingly becoming the norm as usage and acceptance has continued to grow since ...
Artificial intelligence (AI) remains one of the most interesting technologies to call centers that are looking to better support and engage customers across their many channels.
Whether bank or business, call ...
