The U.S. Federal Trade Commission announced Tuesday (June 21) that it is sending 7,731 checks totaling more than $9.7 million to small businesses hurt by Yellowstone Capital, a merchant cash advance company the government said withdrew money from customers’ accounts without permission. Get the Full...
First-party misuse — known as “friendly” fraud — can be difficult to detect, and reducing it is a delicate matter of telling true policy abusers apart from innocent parties. Either way, it ends in chargebacks, extra costs and missing merchandise for merchants eating these losses....
Fraud prevention platforms are fine-tuning as the dust of the great digital shift settles, and a prime revelation from this activity is that stopping fraud and knowing your customer often go together, helping merchants prevent cyber theft and deepen consumer bonds. Get the Full Story...
Banking services provider LHV UK is fighting authorized push payment (APP) fraud with the integration of the Confirmation of Payee (CoP) service, now live for all its direct clients. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
No matter what form it takes, risk is inherent in money mobility, since delivering instant or near-instant payments to multiple endpoints in a range of currencies means making your way through red tape of all sorts — including compliance and security issues — as efficiently...
In an effort to combat fraud in advertising, Google has expanded its verification program for financial services advertisers to new countries and markets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The Department of Justice (DOJ) released a report Monday (June 6) that urged the U.S. to strengthen its coordination with other nations to investigate and combat crimes involving digital assets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
At this point, it’s not a matter of if a business will be victimized by fraud; it’s a matter of when. That air of inevitability, though, doesn’t mean company leaders should sit back and let it happen to them. Get the Full Story Complete the...
Crypto fraud claimed more than $1 billion in losses from consumers between January 2021 and March 2022, according to a Friday (June 3) press release from the Federal Trade Commission (FTC). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
