Fraud Prevention

Apple: App Store Blocked $2 Billion in Fraud Last Year

Apple: App Store Blocked $2 Billion in Fraud Last Year
Apple: App Store Blocked $2 Billion in Fraud Last Year
May 27, 2025  |  Fraud Prevention

Apple says its App Store prevented more than $2 billion in fraudulent transactions last year. This is part of a larger anti-fraud effort that has...

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Singapore Considers Caning as Scams Jump 70%
Singapore Considers Caning as Scams Jump 70%
May 26, 2025  |  Cybersecurity

How bad has Singapore’s scamming problem gotten? Authorities are considering corporal punishment for offenders. “We believe in caning as a strong deterrent,” Loretta Yuen, chair...

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Payment Security Concerns Are Pushing US Consumers to Use Virtual Cards Online
Payment Security Concerns Are Pushing US Consumers to Use Virtual Cards Online
May 22, 2025  |  Digital Payments

Fool me once, shame on you. Fool me twice, shame on me. Fool me thrice, won’t get fooled again. That’s the emerging story when it...

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Entersekt and Stanchion Team to Enhance Payment Integration
Entersekt and Stanchion Team to Enhance Payment Integration
May 21, 2025  |  Partnerships

Authentication software company Entersekt has launched a partnership with South Africa-based PayTech solution provider Stanchion. The partnership is aimed at “enhancing payment integration capabilities and delivering cutting-edge solutions...

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Bank of America Sees Mobile-First Security Surge as Firms Embrace QR Sign-In
Bank of America Sees Mobile-First Security Surge as Firms Embrace QR Sign-In
May 21, 2025  |  B2B Payments

Business-to-business (B2B) transactions typically involve higher volumes and more complex authorization than consumer payments. Companies must balance usability with security, often managing multiple layers of...

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30% of Data Breaches Involve Victims’ Third-Party Suppliers and Vendors
30% of Data Breaches Involve Victims’ Third-Party Suppliers and Vendors
May 19, 2025  |  Cybersecurity

Thirty percent of data breaches that occurred during the year ended Oct. 31 involved a third party, according to Verizon. That percentage is up from 15%...

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UK Investment Association Warns of Rise in ‘Cloning Scams’
UK Investment Association Warns of Rise in ‘Cloning Scams’
May 18, 2025  |  Cybersecurity

A British investment group is warning consumers about the proliferation of “cloning scams.” As The Investment Association (IA) said in a report last week, these...

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AI Explainer: How Large Transaction Models Are Securing Payment Flows
AI Explainer: How Large Transaction Models Are Securing Payment Flows
May 14, 2025  |  Artificial Intelligence

Digital transformation has opened a fire hose of new information flows, particularly around payments and commerce. Every day, billions of payments flow through networks, banks...

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