January 05, 2023
UK Watchdog: $1B of COVID Relief Loans Were Fraudulent
Recent analysis from the U.K. finds more than $1 billion in COVID relief loans involved irregularities such as fraud. An October report by the U.K. Department for Business, Energy and Industrial...
January 05, 2023
Customer Retention is a Choice for Subscription Merchants
The choices that subscription merchants make — or don’t make — to address customer retention matter. Sellers who thought the challenges of the so-called “Great Unsubscribe” were in the past...
January 04, 2023
Fraud Prevention Strategies on Retailers’ Radar as Attacks Increase
For retailers already skating on razor-thin margins, a fraud event could be make-or-break. Merchants globally pay billions to combat fraud, and it is only predicted to get costlier in 2023. Adding to the...
January 04, 2023
Federal Crypto Task Force Joins Fight to Find FTX’s Missing...
Federal prosecutors are forming a joint task force to “trace and recover” missing FTX funds. That’s as the exchange’s former CEO and founder, Sam Bankman-Fried, pleaded “not guilty” during his...
January 04, 2023
Payments Software Firm ACI Worldwide Seeks Potential Buyer
ACI Worldwide is reportedly in talks about a potential sale. The provider of payments software is talking with private equity firms and working with financial advisors as it gauges interest...
January 04, 2023
Wyre Reportedly Latest Victim of Crypto Winter
Wyre is reportedly shutting down, the latest causality of an ongoing crypto downturn. “We’ll continue to do everything we can, but I want everyone to brace themselves for the fact...
January 04, 2023
Coinbase Pays $100M to NYDFS for Compliance ‘Failures’
Coinbase has agreed to a $100 million settlement with New York State following an investigation into its compliance program. The New York Department of Financial Services (NYDFS) announced the settlement...
January 04, 2023
Banking-as-a-Service Delivers New Deposits for Banks
Banking-as-a-Service (BaaS) will have a banner year in 2023, Treasury Prime CEO Chris Dean told Karen Webster in an interview. Traditional financial institutions (FIs) will be the critical ingredient for...
January 04, 2023
Retailers Demanding More From Payment Service Providers in 2023
There’s a merchant mind shift underway in retail industry circles. This, as changed consumers and an increased appetite for efficiency among businesses have combined to cause more merchants to demand...
