November 14, 2019While small businesses often struggle with a lack of integrated digital tools from their traditional financial service providers, the friction in small business banking is often acute even before an ...
November 14, 2019Three billion credit and debit cards. More than 100 billion transactions, worth more than $11 trillion.
That’s the payments volume running over Visa’s global network, a network whose vast global expanse is ...
November 13, 2019Fraud protection company Sis-id and supply chain and marketplace company Tradeshift announced on Wednesday (Nov. 13) a partnership to help with the risks and costs associated with payments fraud.
The collaboration ...
November 13, 2019 FIs cannot afford to be lax with KYC and AML procedures, and their handling of sensitive information means they are held to some of the highest KYC standards. Collecting and ...
November 12, 2019Sources have revealed that a ransomware attack has frozen the billing systems of Mexico’s Petroleos Mexicanos (Pemex).
The company was hit by cyberattacks on Nov. 10, which affected less than 5 ...
November 12, 2019The real estate industry is a hot target for fraudsters, who launder $1.6 trillion a year through rental payments and home purchases. To fight back, real estate platforms like Zillow ...
November 12, 2019To catch payments fraud, man and machine must work together.
To that end, PSCU said last month that it has chosen NICE Actimize to modernize disputes management with the latter’s ActOne ...
November 11, 2019While many retail chains are adding subscriptions to their in-store offerings, it comes with its share of challenges, including involuntary cancellations due to credit card changes. The Vitamin Shoppe is ...
November 11, 2019Businesses from a wide variety of industries must handle troves of data as they continue to crack down on fraud. Making sense of such large volumes of information can be ...
November 11, 2019 Governments are tightening know your customer (KYC) and anti-money laundering (AML) requirements on various industries out of increasing concern over fraud threats. Cryptocurrency companies that previously let customers remain anonymous ...
November 8, 2019Are you ready for the weekend? We sure are. But here at the PYMNTS Weekender, we want to make sure you didn’t miss any important news this week. Flywire made ...
November 8, 2019Fraudsters are wily, striving to stay one step ahead of authentication protocols and other efforts to stop bad actors from compromising consumers’ accounts. Merchants and eCommerce firms are grappling with an ...
November 8, 2019Strong Customer Authentication (SCA) was designed to improve authentication standards across Europe, and enable money to move quickly, while reassuring all parties that funds were going to their intended recipients. ...
November 8, 2019Catching fraudsters can feel like a game of whack-a-mole for marketplaces that must carefully vet both buyers and sellers. The key, says Oisin Hanrahan, CEO of on-demand professional marketplace Handy, ...
November 7, 2019The Bank of England has told HSBC to improve compliance controls for non-fiscal factors like fraud and staff conduct, according to a report by Reuters.
The shortcomings were pointed out by ...
November 7, 2019Capital One’s chief information security officer (CISO), Michael Johnson, is being transferred to a new position following the bank’s colossal cyberattack in July, The Wall Street Journal (WSJ) reported Thursday ...
November 7, 2019 Fraudsters are constantly reinventing their approach to schemes, putting businesses and eCommerce merchants in a precarious position of responding to constantly-evolving fraud threats. In other words, it is no longer ...
November 7, 2019One of the themes of the coming decade — we’ve sprung for a top-shelf crystal ball here at PYMNTS, so we can state such things — is getting more value ...
November 6, 2019Stringent ID verification is crucial for online lenders to prevent fraudsters from using stolen identities to rip them off. This means lenders must utilize hard-to-falsify data, such as information pulled ...
November 6, 2019When it comes to fighting fraud, it’s not really what you know – not exactly, at least. It’s what you don’t know, and how you go about finding those gaps ...
November 5, 2019The U.K.’s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange ...
November 5, 2019While there is little good to be said about criminal fraudsters who plague merchants by stealing credentials to snag goods with absolutely no intention of ever paying for them, they ...
November 5, 2019Digital identities are gaining popularity across industries as businesses, services and other operations increasingly move online. Consumers are normalizing the use of digital identifiers, such as biometrics or passwords, rather ...
November 4, 2019Global enterprise technology company NCR Corp. blocked Mint and QuickBooks Online as a precautionary tactic following a series of bank account cyberattacks, KrebsOnSecurity reported on Sunday (Nov. 3).
The hacker used ...
November 4, 2019Amazon has struggled with preventing counterfeit goods from infiltrating its marketplace. In the company’s ongoing efforts to prevent fraud on its site, Amazon announced a new program, Intellectual Property Accelerator, last month ...
November 4, 2019A silver lining looms for Big Tech in the chaos that is Brexit.
As noted by Bloomberg last week, the December elections on deck for the U.K. have resulted in a ...
November 4, 2019This week, three new cases of accused internal fraud emerged, showcasing the variety of ways employees can steal company cash. Invoice and purchase order manipulation, company credit card abuse and ...
November 4, 2019Last week, the U.S. subsidiary of Japan’s largest financial media organization, Nikkei, made headlines for the reason that no firm ever wants: The company was the victim of financial fraud ...
November 1, 2019U.K. legislators are calling for a mandatory 24-hour waiting period on all first-time payments between bank accounts as a way to reduce fraud, Reuters reported on Friday (Nov. 1).
Parliament’s Treasury ...
November 1, 2019Miami-based BankLine has partnered with a variety of crypto-friendly financial institutions on banking and cash logistics services for the cryptocurrency industry.
As the only company in the industry providing “multiple banks ...
October 31, 2019Deutsche Bank officials in the U.S. reported to federal regulators that it was concerned about a business deal with Russia, The New York Times reported on Thursday (Oct. 31).
The bank ...
October 31, 2019India’s Technology Minister Ravi Shankar Prasad is asking the Facebook-owned messaging platform WhatsApp for the details of the hack that compromised the smartphones of journalists, human rights activists and others, ...
October 31, 2019The thrill of the hunt — and chance to snag a good deal — is what drives millennials to local marketplaces. In this month’s Digital Fraud Tracker, Nathan Garnett, general ...
October 30, 2019As of late 2019, there are few people left who need to be talked into the “why” of instant payments — that case has already been well made. Ingo Money ...
October 29, 2019Facebook is filing a lawsuit against NSO Group, an Israeli cybersecurity company, alleging that it hacked WhatsApp users, according to CNBC.
Facebook filed the complaint on Tuesday (Oct. 29). It alleged ...
October 29, 2019Cybersecurity and fraud protection company DataVisor, which uses artificial intelligence to help with fraud solutions, has launched a program called ExtenD, with the intention of helping medium to larger businesses ...
October 29, 2019Credit unions (CUs) are a worldwide phenomenon, with the World Council of Credit Unions’ newly-released 2018 Statistical Report finding that 85,400 CUs exist in 118 countries, serving more than 272.2 ...
October 28, 2019A security researcher discovered that credit card-stealing malware was inserted into the code of the American Cancer Society’s online store, according to TechCrunch.
Willem de Groot discovered the malicious code buried ...
October 28, 2019ID verification startup IDnow has received a $40 million growth equity investment from private equity group Corsair Capital, according to reports. Corsair focuses on industries related to financial and business ...
October 28, 2019UniCredit has revealed a data breach that leaked information belonging to three million customers from Italy, Reuters reported on Monday (Oct. 28).
The Italian bank indicated that a 2015 file containing ...
While small businesses often struggle with a lack of integrated digital tools from their traditional financial service providers, the friction in small business banking is often acute even before an ...
Three billion credit and debit cards. More than 100 billion transactions, worth more than $11 trillion.
That’s the payments volume running over Visa’s global network, a network whose vast global expanse is ...
Fraud protection company Sis-id and supply chain and marketplace company Tradeshift announced on Wednesday (Nov. 13) a partnership to help with the risks and costs associated with payments fraud.
The collaboration ...
FIs cannot afford to be lax with KYC and AML procedures, and their handling of sensitive information means they are held to some of the highest KYC standards. Collecting and ...
Sources have revealed that a ransomware attack has frozen the billing systems of Mexico’s Petroleos Mexicanos (Pemex).
The company was hit by cyberattacks on Nov. 10, which affected less than 5 ...
The real estate industry is a hot target for fraudsters, who launder $1.6 trillion a year through rental payments and home purchases. To fight back, real estate platforms like Zillow ...
To catch payments fraud, man and machine must work together.
To that end, PSCU said last month that it has chosen NICE Actimize to modernize disputes management with the latter’s ActOne ...
While many retail chains are adding subscriptions to their in-store offerings, it comes with its share of challenges, including involuntary cancellations due to credit card changes. The Vitamin Shoppe is ...
Businesses from a wide variety of industries must handle troves of data as they continue to crack down on fraud. Making sense of such large volumes of information can be ...
Governments are tightening know your customer (KYC) and anti-money laundering (AML) requirements on various industries out of increasing concern over fraud threats. Cryptocurrency companies that previously let customers remain anonymous ...
Are you ready for the weekend? We sure are. But here at the PYMNTS Weekender, we want to make sure you didn’t miss any important news this week. Flywire made ...
Fraudsters are wily, striving to stay one step ahead of authentication protocols and other efforts to stop bad actors from compromising consumers’ accounts. Merchants and eCommerce firms are grappling with an ...
Strong Customer Authentication (SCA) was designed to improve authentication standards across Europe, and enable money to move quickly, while reassuring all parties that funds were going to their intended recipients. ...
Catching fraudsters can feel like a game of whack-a-mole for marketplaces that must carefully vet both buyers and sellers. The key, says Oisin Hanrahan, CEO of on-demand professional marketplace Handy, ...
The Bank of England has told HSBC to improve compliance controls for non-fiscal factors like fraud and staff conduct, according to a report by Reuters.
The shortcomings were pointed out by ...
Capital One’s chief information security officer (CISO), Michael Johnson, is being transferred to a new position following the bank’s colossal cyberattack in July, The Wall Street Journal (WSJ) reported Thursday ...
Fraudsters are constantly reinventing their approach to schemes, putting businesses and eCommerce merchants in a precarious position of responding to constantly-evolving fraud threats. In other words, it is no longer ...
One of the themes of the coming decade — we’ve sprung for a top-shelf crystal ball here at PYMNTS, so we can state such things — is getting more value ...
Stringent ID verification is crucial for online lenders to prevent fraudsters from using stolen identities to rip them off. This means lenders must utilize hard-to-falsify data, such as information pulled ...
When it comes to fighting fraud, it’s not really what you know – not exactly, at least. It’s what you don’t know, and how you go about finding those gaps ...
The U.K.’s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange ...
While there is little good to be said about criminal fraudsters who plague merchants by stealing credentials to snag goods with absolutely no intention of ever paying for them, they ...
Digital identities are gaining popularity across industries as businesses, services and other operations increasingly move online. Consumers are normalizing the use of digital identifiers, such as biometrics or passwords, rather ...
Global enterprise technology company NCR Corp. blocked Mint and QuickBooks Online as a precautionary tactic following a series of bank account cyberattacks, KrebsOnSecurity reported on Sunday (Nov. 3).
The hacker used ...
Amazon has struggled with preventing counterfeit goods from infiltrating its marketplace. In the company’s ongoing efforts to prevent fraud on its site, Amazon announced a new program, Intellectual Property Accelerator, last month ...
A silver lining looms for Big Tech in the chaos that is Brexit.
As noted by Bloomberg last week, the December elections on deck for the U.K. have resulted in a ...
This week, three new cases of accused internal fraud emerged, showcasing the variety of ways employees can steal company cash. Invoice and purchase order manipulation, company credit card abuse and ...
Last week, the U.S. subsidiary of Japan’s largest financial media organization, Nikkei, made headlines for the reason that no firm ever wants: The company was the victim of financial fraud ...
U.K. legislators are calling for a mandatory 24-hour waiting period on all first-time payments between bank accounts as a way to reduce fraud, Reuters reported on Friday (Nov. 1).
Parliament’s Treasury ...
Miami-based BankLine has partnered with a variety of crypto-friendly financial institutions on banking and cash logistics services for the cryptocurrency industry.
As the only company in the industry providing “multiple banks ...
Deutsche Bank officials in the U.S. reported to federal regulators that it was concerned about a business deal with Russia, The New York Times reported on Thursday (Oct. 31).
The bank ...
India’s Technology Minister Ravi Shankar Prasad is asking the Facebook-owned messaging platform WhatsApp for the details of the hack that compromised the smartphones of journalists, human rights activists and others, ...
The thrill of the hunt — and chance to snag a good deal — is what drives millennials to local marketplaces. In this month’s Digital Fraud Tracker, Nathan Garnett, general ...
As of late 2019, there are few people left who need to be talked into the “why” of instant payments — that case has already been well made. Ingo Money ...
Facebook is filing a lawsuit against NSO Group, an Israeli cybersecurity company, alleging that it hacked WhatsApp users, according to CNBC.
Facebook filed the complaint on Tuesday (Oct. 29). It alleged ...
Cybersecurity and fraud protection company DataVisor, which uses artificial intelligence to help with fraud solutions, has launched a program called ExtenD, with the intention of helping medium to larger businesses ...
Credit unions (CUs) are a worldwide phenomenon, with the World Council of Credit Unions’ newly-released 2018 Statistical Report finding that 85,400 CUs exist in 118 countries, serving more than 272.2 ...
A security researcher discovered that credit card-stealing malware was inserted into the code of the American Cancer Society’s online store, according to TechCrunch.
Willem de Groot discovered the malicious code buried ...
ID verification startup IDnow has received a $40 million growth equity investment from private equity group Corsair Capital, according to reports. Corsair focuses on industries related to financial and business ...
UniCredit has revealed a data breach that leaked information belonging to three million customers from Italy, Reuters reported on Monday (Oct. 28).
The Italian bank indicated that a 2015 file containing ...
