February 15, 2023
FTX Looks to Recover $400M From Hedge Fund Modulo
FTX is reportedly negotiating the return of $400 million invested by its disgraced founder. Sam Bankman-Fried invested that money in Brazilian hedge fund Modulo Capital, the New York Times reported Wednesday (Feb. 15), citing...
February 15, 2023
Lawyers Say Bankman-Fried Needed VPN to Watch Super Bowl LVII
House arrest isn’t getting any sweeter for disgraced FTX crypto founder Sam Bankman-Fried. While the 2023 Super Bowl was notably absent crypto advertisements this year, the criminally charged 30-year-old, who...
February 15, 2023
Biometrics and Smartphones Make Life Without Passwords a Reality
Thus far into 2023, “passwordless” remains among the buzziest of buzzwords in identity authentication. Nicole Jass, chief product officer at Prove Identity, told PYMNTS that despite the burgeoning popularity of...
February 15, 2023
TCH Says AI Bridges Payments Innovation Gap Between Banks and...
Artificial intelligence (AI) is gearing up to transform payments and commerce. Peter Davey, senior vice president and head of product innovation and labs at The Clearing House, noted that AI,...
February 14, 2023
Avoiding the Network Effect of B2B Payments Fraud
B2B networks leveraging the latest technologies are only as strong as their weakest link. As business-to-business (B2B) relationships evolve to become online-first and more companies digitize their operations, fraudsters will...
February 14, 2023
DOJ Sentences Contracting Firm Co-Owner To Prison Over Bid-Rigging
Michael S. Flynn was sentenced to 15 months in prison and more than $1 million in restitution after pleading guilty to participating in bid-rigging and fraud schemes targeting private and...
February 14, 2023
Companies Focus on Fraud Prevention as Industrial Ransomware Attacks Jump...
Cyberattacks on industrial businesses skyrocketed last year amid a rise in criminals selling ransomware services. That’s according to a new report from cybersecurity firm Dragos, which cites political tensions in places like Russia...
February 14, 2023
Bankman-Fried SEC Case Postponed Until After Criminal Trial
The federal government’s civil cases against Sam Bankman-Fried are on hold, at least for now. A court ruling Monday (Feb. 13) postponed lawsuits by the Securities and Exchange Commission (SEC)...
February 14, 2023
PYMNTS Intelligence: Interest in Advanced Digital ID Growing to Address...
Consumers do not like waiting to access their accounts. According to PYMNTS’ research, nearly half of consumers have concerns about waiting a long time during identification processes, demonstrating how customers want frictionless...
