In today’s digital payments ecosystem, businesses, banks and consumers alike want access to their money as fast as possible. While person-to-person (P2P) payment solutions and real-time payment platforms are making the quick exchange of funds possible, fraudsters also see an opening to exploit these systems’ vulnerabilities.
Read MoreMarch 7, 2019 By: Steven Anderson Admittedly, younger people do things somewhat differently than their older cohorts do. Balancing a checkbook or monitoring bank statements isn’t exactly high on the list.
Read MoreRecent figures indicate that as many as 44 percent of small businesses in the UK have been targeted by fraudsters with one in four businesses falling victim to fraud. A massive 18.9 billion is the estimated loss to UK SMEs.
Read MoreDigital commerce has altered the way consumers interact with businesses. In recent years there has been a move away from face-to-face transactions to anonymous relationships built on trust. This scenario is difficult to achieve and it is one earned over time.
Read MoreAs consumers grow more attached to mobile devices for e-commerce and payments, fraudsters are intensifying their focus on handsets with new phishing, vishing to SIM-swap tricks. Payment providers are looking for broad, new approaches to fighting fraud.
Read MoreWhile mobile and online commerce—including peer-to-peer, crowdshare and marketplace—continues to grow, payments companies are faced with challenges as businesses, as well as consumers, react to constant, massive data breaches.
Read MoreBelow are two checklists that address the heightened fraud activity that occurs during the holidays: the first checklist contains precautionary measures for your financial institution to follow to detect and prevent fraudulent activity during the holidays (and year round); the second checklist contains precautionary measures to share with your cons.
Read MoreHoliday shopping procrastination is real. While you may have already wrapped up your gifts and put them under the tree, the same can’t be said of all shoppers. In fact, a whopping 24% of individuals surveyed by the National Retail Foundation said they would continue shopping through the weekend, and 7% would finish their shopping […]
Read MoreCiti’s Treasury and Trade Solutions (TTS) announced on Wednesday (Dec. 19) that it has inked a partnership deal with Feedzai, an artificial intelligence (AI) developer for real-time risk management across banking and commerce.
Read MoreThe Australian government has announced plans to set aside millions of dollars to support small business (SMB) cybersecurity, digitization efforts and accelerated supplier payment times, according to The Sydney Morning Herald on Monday (Dec. 17). The release of its mid-year financial outlook sees the Australian government allocating nearly $5.
Read MoreQuick. You just got an urgent email from the president of your company asking you to purchase gift cards for everyone in the office. You need to respond quickly for further instructions and keep it quiet because it’s a surprise.
Read MoreThe Financial Conduct Authority (FCA) has today published new rules allowing victims of Authorised Push Payment (APP) fraud to complain to the payment services provider (PSP) receiving their payment.
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