The Federal Trade Commission sued two New York small-business lenders Wednesday (June 10) for allegedly using deceptive terms in loans to companies, nonprofits, religious groups and medical offices, and threatening violence and personal-asset seizures to collect funds. Get the Full Story Complete the form to...
The number of Nintendo accounts compromised by hackers was nearly double the amount reported two months ago, according to TechCrunch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
A Texas operator of several payment processing centers has agreed to be permanently banned from the industry in order to settle charges by the Federal Trade Commission (FTC) and the state of Ohio that they unlawfully participated in scams, according to a press release. Get...
The European Union (EU) has established a new unit to wage war against financial crime amid an economy struck by the coronavirus pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
It has often been said during the last several weeks that the world has seen several years’ worth of eCommerce innovations advance in about three months, due to the pressure and pivots created by the global health pandemic. What most people fail to appreciate, Payoneer...
As commerce shifts online in a pivot that is likely to remain permanent, the fraudsters are also shifting their targets — and methods. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In the first five months of the year, cryptocurrency thefts, hacks and frauds totaled $1.4 billion, and could exceed the 2019 loss of $4.5 billion by year’s end, according to a new report. Get the Full Story Complete the form to unlock this article and...
India’s BHIM payment app has reportedly accidentally exposed the personal data of 7 million users, including addresses, scans of Aadhar IDs and caste certificates, according to cybersecurity company VPNMentor. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The world of payments processing will be a very different place by the end of 2020 than it was at the beginning — one where securing transactions will take on a new priority for merchants and consumers alike. Get the Full Story Complete the form...
