Identity theft is an unfortunately reality for more consumers as data breaches continue to rock the market. Research from Auriemma Consulting Group estimates that identity theft has cost banks at least $6 billion, and cost consumers $58.9 million, in 2016 alone. According to the Internet...
Standard Chartered’s ongoing investigation into various forms of misconduct has uncovered expense account fraud of an eye-popping nature. In the meantime, the AFP finds that 78 percent of organizations were hit by payments fraud last year, and as always, fraudulent schemes abound, as some isolated...
Paper checks have become the ugly (yet popular) duckling of the B2B payments industry. They are slow and cumbersome, require manual data entry and are often blamed for delayed vendor payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The latest data from the monthly Biz2Credit Small Business Lending Index suggests a slump in small business lending among U.S. credit unions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The U.K. financial regulator, the Financial Conduct Authority (FCA), announced its plans to complete its investigation into the Royal Bank of Scotland (RBS) by the end of next month, amid rising criticism over a perceived lack of transparency in the probe and sluggish action from...
Rising corporate debt in France has led officials in the country to introduce the market’s first capital buffer requirements for banks, according to Reuters reports on Tuesday (June 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
PayStand, a B2B payments company powered by blockchain, is launching in Canada. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
Small businesses (SMBs) in the U.S. now have a new option when opening a bank account. Digital bank Radius Bank is collaborating with Treasury Prime to develop the Tailored Checking Account geared toward entrepreneurs in need of accelerated services, the businesses announced in a press...
It’s not entirely clear yet how — or if — blockchain will transform the financial services market, but that hasn’t stopped industry players from scrambling to get a leg up on the technology and ahead of the competition. Get the Full Story Complete the form...
