Zhang Xiaolei, head of China-based online financial platform Qbao.com, and who has been under investigation, surrendered to local authorities on Thursday (Dec. 28). Citing state news agency Xinhua, the DailyMail.com reported Xiaolei surrendered himself to a police station earlier this week. Get the Full Story Complete...
Beginning next year Visa is changing the way it handles chargeback resolutions. Time is of the essence as is data. The road may be a bumpy one for merchants and issuers, at least initially, as Ethoca SVP, Industry Solutions, tells PYMNTS’ Karen Webster.
It’s been a good year to be a bad actor. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...
Jewelry and luxury watches remain some of the most attractive targets for fraudsters today — jewelry because it’s expensive and in-demand, and watches because they’re, well, not. In this episode of the Global Fraud Index podcast series, Karen Webster and Sourabh Kothari, director of Merchant...
Two U.S. senators urged federal authorities to stop the planned expansion of a $1 billion airport facial scanning program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Seven trade associations representing banks and credit unions have joined forces to call on Congress to put in place stricter cybersecurity standards to prevent more data breaches. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Russian bank Globex revealed that hackers attempted to steal 55 million rubles ($940,000) using the SWIFT international payments messaging system, in the latest attempted cyber heist using fraudulent wire transfer requests. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Chubb, one of three insurance agencies that has seen an increase in claims tied to ransomware cyberattacks, is blaming bitcoin for the surge. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The Financial Action Task Force (FATF), an international organization that sets the standards for fighting money laundering, found that Mexican prosecutors are failing to punish finance criminals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
