Security

Computer security, also known as cybersecurity or IT security, refers to the security of computing devices such as computers and smartphones, as well as computer networks such as private and public networks, and the Internet.

(source: en.wikipedia.org)

FedNow Is Live but Banks Face Integration Decisions
FedNow Is Live but Banks Face Integration Decisions
August 23, 2023  |  Real-Time Payments

For banks eyeing what they must do to get on board the FedNow Service to meet customers’ expectations for faster payments and integrate with the first new...

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Cost of Payments Acceptance Is Top of Mind for Merchants
Cost of Payments Acceptance Is Top of Mind for Merchants
August 23, 2023  |  Digital Payments

Merchants have much on their minds when they interact with Link Money, CEO Eric Shoykhet told PYMNTS. “Cost of payments acceptance — that’s the main focus,” he said....

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Nearly 60% of Consumers View Mobile Phones and Laptops as Equally Secure for Payments
Nearly 60% of Consumers View Mobile Phones and Laptops as Equally Secure for Payments
August 22, 2023  |  Digital Banking

Despite the growing perception that smartphones provide more security online, most banking consumers said they think smartphones and computers are equally secure for several select...

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62% of FIs Grapple With a Rise in Fraudulent Transactions
62% of FIs Grapple With a Rise in Fraudulent Transactions
August 18, 2023  |  Security & Fraud

As more transactions move online, banks are girding for, and doing battle against, a rising tide of fraud. As noted in the report “The State...

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Surge in Remittances Provides Cover for Drug Cartels’ Money Laundering
Surge in Remittances Provides Cover for Drug Cartels’ Money Laundering
August 18, 2023  |  Security & Fraud

Drug cartels are reportedly disguising their ill-gotten gains as routine money transfers by using remittances. A surge in legitimate remittances from migrant workers has inadvertently made it...

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Mastercard Teams With Riskified to Reduce eCommerce Fraud
Mastercard Teams With Riskified to Reduce eCommerce Fraud
August 17, 2023  |  Security & Fraud

Riskified and Mastercard have teamed to help businesses increase eCommerce revenues while reducing fraud. The partnership, announced Thursday (Aug. 17), marries insights from Mastercard’s cybersecurity products and solutions with Riskified’s...

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AP Automation and ‘Taking a Breath’ Are Key Defenses Against Payments Fraud
AP Automation and ‘Taking a Breath’ Are Key Defenses Against Payments Fraud
August 17, 2023  |  Security & Fraud

Check fraud is running rampant. In an interview with PYMNTS, Finexio Chief Commercial Officer Bill Fox and EverC Vice President Melissa Sutherland said many companies in the battle against fraudsters can...

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Discord.io Shuts Down After Mass Data Breach
Discord.io Shuts Down After Mass Data Breach
August 16, 2023  |  Security & Fraud

A massive data breach has shuttered  Discord.io, an online messaging platform used by Discord members. “On the night of the 14th of August, Discord.io suffered...

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Only One-Third of Firms Use Critical AP/AR Automation Tools
Only One-Third of Firms Use Critical AP/AR Automation Tools
August 16, 2023  |  Accounts Payable

Accounts receivable (AR) and accounts payable (AP) workflows rely on labor-intensive, manual processes prone to human error and delays — but specialized software and automation...

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