payments fraud

Chicago Grand Jury Charges 2 in ‘Remotely Created Checks’ Scheme 
Chicago Grand Jury Charges 2 in ‘Remotely Created Checks’ Scheme 
December 08, 2022  |  Security & Fraud

A federal grand jury has charged two operators of payment processing companies with bank fraud.  The grand jury in Chicago charged the two Illinois men...

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Business Payments Fraud Remains Top Concern Among B2Bs
Business Payments Fraud Remains Top Concern Among B2Bs
December 06, 2022  |  Security & Fraud

Inflation may be inescapable but research shows businesses are actually more worried about fraud. According to the “B2B Payments Fraud Tracker,” from PYMNTS and nsKnox,...

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Nigeria’s SMEs Boost Traffic and Cut Fraud With Cardless Transfers
Nigeria’s SMEs Boost Traffic and Cut Fraud With Cardless Transfers
November 10, 2022  |  Payments Innovation

Card payments, as ubiquitous as they may appear, are actually not the preferred payment method in certain markets. Take the case of Nigeria, for example....

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As the Number of Payment Methods Consumers Use Increases, So Do Two Key Problems
As the Number of Payment Methods Consumers Use Increases, So Do Two Key Problems
July 22, 2022  |  Consumer Finance

Inflation continues to rear its ugly head, but PYMNTS’ data finds that some aspects of consumer spending — such as the share of consumers in...

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Managing Remote FinTech Risk: In Digital Payments We Trust, But Verify Continuously
Managing Remote FinTech Risk: In Digital Payments We Trust, But Verify Continuously
January 18, 2022  |  Fraud Prevention

The pandemic’s social and digital disruption has exposed organizations to increased risks of becoming victims of cybercrime. Many businesses had to transition employees to working...

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Report: AI and Transaction Notifications Help FIs Stop Payments Fraud Before Customers Get Scammed
Report: AI and Transaction Notifications Help FIs Stop Payments Fraud Before Customers Get Scammed
September 30, 2021  |  Authentication

Payments are now more digitized than ever before, with experts projecting that $6.6 trillion with be exchanged through digital channels by the end of the...

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The B2B Fraud Lens Focuses In On Invoice Scams
The B2B Fraud Lens Focuses In On Invoice Scams
July 26, 2021  |  B2B Payments

Business email compromises (BEC) are among the most common methods of B2B payments fraud and can frequently involve invoice manipulation when a cyber attacker or...

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B2B FinTech Stays Resilient Amid Investment Slowdown
B2B FinTech Stays Resilient Amid Investment Slowdown
July 17, 2020  |  B2B Payments

FinTech funding had already seen a dip in Q1 this year, but the pandemic may be further suppressing investor appetite. A new report provided by...

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BEC Scammers Embrace Coronavirus Opportunity
BEC Scammers Embrace Coronavirus Opportunity
April 13, 2020  |  B2B Payments

Fraud was all over the headlines this past week, with top stories related to Travelex’s ransomware payment, Luckin Coffee’s internal accounting fraud investigation, and new...

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