Search results for "fraud"

December 28, 2022
More Back Doors Found in Bankman-Fried’s Black Box at FTX 

New SEC filings show that an eCommerce site riddled with errors was central to Sam Bankman-Fried’s alleged commingling of FTX assets.  According to the Securities and Exchange Commission (SEC) complaint, FTX allegedly...


December 28, 2022
The Year in Payments: From BNPL to FTX to the...

Looking for analysis of everything from the digital economy to consumers’ instincts about inflation? Let Monday be your guide. “Monday.” It comes from the Anglo-Saxon word Mōnandæg, meaning “the moon’s...


December 28, 2022
Twelve Stories That Shaped Real-Time Payments in 2022

Real-time payments provide value because knowing exactly when a payment will be received cannot be overstated. This is especially true for those with tight cash flow when paying rent or...


December 28, 2022
Trusted ID Networks Offer Best Line of Defense Against Fraudsters

Dynamic friction keeps the bad guys out, and trusted identity verification networks (ID networks) keep good customers transacting. Brad Wiskirchen, senior vice president and general manager at Kount, an Equifax...


December 27, 2022
US DOJ Investigating Nov. 11 $372M Crypto Hack of FTX 

The Department of Justice (DOJ) is reportedly investigating a Nov. 11 crypto hack of FTX.  The DOJ has launched a criminal probe into the alleged $372 million cybercrime that happened...


December 27, 2022
Fed Study Shows Healthy Small Businesses Benefited Most From PPP...

Policymakers are tapping PPP loan lessons for future-fit insights into keeping Main Street businesses healthy. Researchers say that analyzing the legacy and impact of the U.S. government’s extraordinary $800 billion...


December 27, 2022
Small Businesses Cite Cross-Border Payment Frictions as Barrier to Growth

Small businesses aiming to expand their eCommerce presence across borders in 2023 may want to keep cross-border frictions top of mind. Whether domestic or international, payments management is resource-intensive but...


December 27, 2022
Crypto Industry Fights for Investor Trust Post-FTX

Still wobbling from the FTX crypto crash, 2023’s cryptocurrency outlook is much shakier than 2022’s. This time last year, cryptocurrencies were poised — and priced — to take over the world. As macro headwinds...


December 27, 2022
Subscription Businesses Aim Tech at Credit Card Chargebacks and Churn

Subscription merchants are turning to tech to help reduce credit card chargebacks that eat up revenue and increase churn. The latest “Subscription Commerce Conversion Index: Subscribers Seek Affordability And Convenience,”...


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.