Search results for "fraud"

March 03, 2023
Truzo Launches Africa-Focused Digital Escrow Service in UK

Truzo has launched its Africa-focused digital escrow service in the United Kingdom. Already established in South Africa, and approved by the Financial Conduct Authority (FCA) in the U.K., the service...


March 03, 2023
Persistent Fraud Has Smart Businesses Switching From Playing Defense to...

Fraud is unavoidable, and scams affecting today’s businesses only getting smarter and more sophisticated. With modern advances come corresponding vulnerabilities, and in the challenging macroclimate of today where every dollar...


March 03, 2023
Ongoing Crypto Crackdown Foreshadows Industry’s Uncertain Future

The cryptocurrency sector has yet to pull the proverbial magic rabbit from its top hat. The audience, having purchased tickets to the show, are now realizing they may leave empty-handed...


March 03, 2023
AI Critical to Making Business Payments Faster and Safer

“Real-time payments processing is becoming a reality in B2B,” Manish Jaiswal, chief product and technology officer at Corcentric, told PYMNTS. But as payments get faster, enterprises large and small will...


March 02, 2023
Amazon Business App Adds Purchase Reconciliation Tool for B2B Buyers

Amazon Business has added 3-Way Match to its mobile app for B2B buyers. The 3-Way Match feature, which was previously available only via desktop or handheld scanners, enables B2B buyers...


March 02, 2023
President Biden Proposes $1.6B to Fight Pandemic-Related Fraud

The Biden administration wants congressional approval for a $1.6 billion plan tackling COVID-related fraud. The proposal, announced Thursday (March 2), would prosecute people who committed fraud related to the government’s...


March 02, 2023
Bankman-Fried Recommends Tech Experts to Decide Bail

Will FTX founder Sam Bankman-Fried remain free on bail? A former FBI agent and a digital forensic consultant could help decide the question in the ongoing legal proceedings against the...


March 02, 2023
Silvergate Examining Viability as a Business Amid FTX Investigations

Silvergate Capital’s cryptocurrency industry ties now have it examining whether it can remain in business. The bank announced in a filing with the Securities and Exchange Commission (SEC) Wednesday (Mar....


March 02, 2023
Embedded Finance Brings Banking to Underserved Consumers No Matter Where...

For student-athletes, managing money is no layup. No easy line drive. Pick your sports metaphor. Younger consumers who spend much of their lives on the field or traveling to sporting...


The Path to FinTech Profitability Must Be Fraud-Proof
Threat of Deepfakes Drives Two-Thirds of FinTechs to  Boost Fraud Budgets With rising FinTech fraud and convincing deepfakes threatening their bottom lines, more than two in three FinTechs plan to expand their budgets to deploy tech that can detect true human liveness, as discussed in the latest PYMNTS “FinTech Tracker®,” a collaboration with Sezzle.
Improving Financial Performance: Challenges Driving Spend Management System Adoption
Spend Management Headaches Push SaaS Firms to Automated Systems A new PYMNTS’ survey of 225 SaaS firm executives for the “Improving Financial Performance: Challenges Driving Spend Management System Adoption” report, an Airbase collaboration,  showed that accessing real-time data is so challenging when managing non-payroll spend that 76% said they’d pay for a system to help.