Scammers aren’t just throwing darts at a board anymore — they’re getting personal. A new Fraud and Financial Crimes report from PYMNTS Intelligence finds that today’s sophisticated fraudsters are now targeting victims based on their unique vulnerabilities, tailoring their digital fraud scams to fit different...
The United Kingdom’s Financial Conduct Authority is urging social media platforms to do more to prevent illegal financial promotions. The agency intervened and forced the withdrawal or amendment of twice as many financial promotions in 2024 as it did the year before, according to a...
For banks still on the fence about real-time payments, here’s a reality check: Not offering instant payments doesn’t just mean losing potential new customers — it could mean losing existing ones. Think of instant payments as the financial industry’s version of same-day delivery. Consumers and...
Payments tech firm ACI Worldwide has teamed with account verification FinTech Banfico. The partnership will allow ACI to help banks and payment service providers (PSPs) in Europe and the U.K. comply with mandates to offer confirmation of payee (CoP) and verification of payee (VOP) services, per a Thursday...
February 10, 2025
Scammers aren’t just throwing darts at a board anymore — they’re getting personal. A new Fraud and Financial Crimes report from PYMNTS Intelligence finds that today’s sophisticated fraudsters are now targeting victims based on their unique vulnerabilities, tailoring their digital fraud scams to fit different age groups, lifestyles and spending habits. These aren’t your hoodie-wearing […]
February 07, 2025
For banks still on the fence about real-time payments, here’s a reality check: Not offering instant payments doesn’t just mean losing potential new customers — it could mean losing existing...
February 06, 2025
Instant gratification rules today’s theater of commerce, and businesses shouldn’t be letting fraud get in the way by slowing down transactions. From seamless tap-to-pay interactions at local coffee shops to...
February 04, 2025
It’s 2025, and yet many of America’s businesses are still stuck in the past, stubbornly clinging to paper checks. The problem with doing payments the same way they’ve done since the...
February 10, 2025
The Federal Trade Commission has a new general counsel and two new heads of bureaus. FTC Chairman Andrew N. Ferguson announced the appointments Monday (Feb. 10). The new director of the FTC’s Bureau of Consumer Protection is Christopher Mufarrige, a consumer protection lawyer who served in the first President Donald Trump administration as senior adviser […]
February 07, 2025
The United Kingdom’s Financial Conduct Authority is urging social media platforms to do more to prevent illegal financial promotions. The agency intervened and forced the withdrawal or amendment of twice...
February 06, 2025
Payments tech firm ACI Worldwide has teamed with account verification FinTech Banfico. The partnership will allow ACI to help banks and payment service providers (PSPs) in Europe and the U.K. comply with mandates...
February 04, 2025
Worldpay has agreed to acquire London-headquartered AI-native fraud prevention platform Ravelin. The acquisition, which is expected to close during the first quarter, will complement Worldpay’s portfolio of payments technology and solutions...