In the digital-first economy, criminals have been acquiring and honing various areas of expertise, scamming customers, the payments firms operating the infrastructure, and of course, merchants. Money laundering, money mules and other attack vectors are seizing on novice consumers pivoting to the internet to get...
Issuers and merchants have, by and large, been handling the digital shift. But many are not ready to grapple with the fact that it’s producing more disputes and chargebacks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
In this excerpt from The Connected Economy’s Power Source – CEO Edition, Nicolas Stehle, founder and CEO of Scalefast, talks about the importance of fighting fraud in the digital economy, and how each firm needs its own customized approach. “Brands need sophisticated, enterprise-grade solutions that...
With all the positive change and innovation happening in payments, there’s an unfortunate correlation with challenges and threats. 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...
Sometimes a group of companies in the same industry, fighting for the same dollars, decide that maybe cooperation beats competition. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Recent research shows that the average data breach costs financial institutions (FIs) $210 on average per compromised account, and it costs merchants $119. But on both counts, the costs of lost customers and damaged reputations cannot be quantified – and the importance of securing consumer...
In The Connected Economy’s Power Source – CEO Edition, Brad Wiskirchen, CEO of Kount, takes a deep dive into how the digital transformation has impacted the payments landscape and accelerated the need for effective fraud prevention. “In this evolving, digital-first world, any business that engages...
Wirecard staffers reportedly took millions of euros in funds from the firm’s German base in plastic bags during a timeframe that spanned years, the Financial Times reported, citing unnamed sources. Individuals who used to work for Wirecard told authorities investigating the firm that workers took...
A new task force launched by the U.S. Department of Justice (DOJ) is looking to curtail ransomware and other cyberattacks by targeting the underlying digital ecosystem, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
