PSCU, which is billed as the nation’s premier payments credit union service organization (CUSO), has announced its new Enhanced Fraud Services system, which the company said “has helped 10 early adopter credit unions combat fraud of all types, ranging from first-party chargeback fraud to identifying...
Authorities in the Philippines are probing a law office and tour operator for potential connections to Wirecard, the payments provider disgraced after a global scandal, and Jan Marsalek, its former chief operating officer who has been on the run for the past several months, according...
The federal Paycheck Protection Program (PPP) designed to blunt the economic impact of the pandemic is beset by extensive instances of fraud, The Wall Street Journal (WSJ) reported, attributing the conclusion to public records and interviews with government officials. Get the Full Story Complete the...
The escalating COVID-19 pandemic and the ensuing second lockdown in Europe have prompted lawmakers to press for eCommerce platforms and other media to share data, according to a TechCrunch report on Friday (Nov. 6). Get the Full Story Complete the form to unlock this article...
The United Kingdom’s version of the Paycheck Protection Program is also getting hit up by fraudsters, though British bankers appear to be a step ahead in short-circuiting the scams. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Department of Justice (DOJ) has seized $24 million in virtual currency on behalf of the Brazilian government, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
A huge bitcoin amount — nearly $1 billion — has been moved out of a bitcoin address that may have ties to the Silk Road black market, according to a blog post from Elliptic. The London-based company provides blockchain analysis. Get the Full Story Complete...
Scammers are preying on used car buyers as demand surges for pre-owned vehicles amid the COVID-19 pandemic, according to a CBS report on Wednesday (Nov. 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
A Russian cybercriminal was sentenced to eight years in prison for his role in a sophisticated Botnet conspiracy that caused estimated losses totaling more than $100 million, according to a Department of Justice (DOJ) statement on Tuesday (Nov. 3). Get the Full Story Complete the...
