Crypto fraud claimed more than $1 billion in losses from consumers between January 2021 and March 2022, according to a Friday (June 3) press release from the Federal Trade Commission (FTC). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Digitizing payments has increased ease of use and transaction volumes, but both check and ACH fraud are still commonplace. In this month’s "Digital Fraud Tracker," PYMNTS talked with Seth Ruden, senior director of fraud operations for First Tech Federal Credit Union, about crafting a holistic...
Wells Fargo and money transfer service Zelle are facing a class-action lawsuit on allegations of violating the Electronic Fund Transfer Act and California’s Unfair Competition Law, according to the legal proceedings filed by Kazerouni Law Group. Get the Full Story Complete the form to unlock...
Proposed cybersecurity rules from China could make it hard for Western financial companies to operate as their data would be vulnerable to hacking and other risks, according to a industry group, Reuters reported Thursday (June 2). Get the Full Story Complete the form to unlock...
Security is an essential component in determining whether a consumer trusts their financial provider, but so too is a good user experience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Today is Thursday, June 2, and Britain is celebrating its longest-reigning monarch, Queen Elizabeth II, in her Platinum Jubilee year. For regular people, that means an extra day off as the region’s customary bank holiday was adjusted for the celebration, leaving most people off from...
Digital payments are quickly becoming the new normal, but there is still a sizable contingent of consumers that prefer cash or paper checks. A recent study found that the proportion of individuals leveraging digital payment methods hit 82% in 2021, an increase from 78% in...
Sometimes the biggest threats come from the foes who pose as friends, spinning tales that seem legitimate and often urgent. And then comes the realization: Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The Federal Trade Commission will send 1,064 checks totaling over $542,000 to consumers harmed by a fake investment scheme, an agency press release said Wednesday (June 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
