Fraud Prevention

Binance Audit Raises Red Flags From Own Team
Binance Audit Raises Red Flags From Own Team
December 12, 2022  |  Cryptocurrency

Consumers are hungry for reassurance as fear, uncertainty and doubt pollute the crypto landscape. At the same time, the crypto industry is equally eager to...

READ MORE >
Small Banks Explore P2P Options Over Zelle Scam Repayment Costs
Small Banks Explore P2P Options Over Zelle Scam Repayment Costs
December 12, 2022  |  Digital-First Banking

America’s smaller banks aren’t happy with a plan to reimburse peer-to-peer payment scam victims. Industry groups representing the country’s community banks and credit unions say these institutions...

READ MORE >
PYMNTS Intelligence: Responding To Flourishing Instant Payments Fraud
PYMNTS Intelligence: Responding To Flourishing Instant Payments Fraud
December 12, 2022  |  Fraud Prevention

Consumers enjoy the convenience of instant payments using apps like Venmo, Cash App and Zelle. As the use of these faster payments has increased and...

READ MORE >
Leveraging Embedded Finance to Fuel Small Business Ambitions
Leveraging Embedded Finance to Fuel Small Business Ambitions
December 12, 2022  |  Banking

In this month’s “Embedded Finance Tracker®,” Sofiat Abdulrazaaq, CEO at on-demand food truck marketplace Goodfynd, explains why a reliable payment partner is the first step...

READ MORE >
Fraudsters Winning ROI Battle, But Data May Turn the Tables
Fraudsters Winning ROI Battle, But Data May Turn the Tables
December 12, 2022  |  Security & Fraud

The “ROI” of increasingly efficient fraudsters is often better than the large companies they attack. According to Trish Cox, head of operations at Galileo Financial...

READ MORE >
An Insider’s Take on Processing Instant Payments Securely
An Insider’s Take on Processing Instant Payments Securely
December 09, 2022  |  Fraud Prevention

Executives reported a 73% increase in P2P fraud and 44% in instant or real-time payment fraud in the last 12 months, according to PYMNTS data....

READ MORE >
Bottom Bunk’s Chargeback Experience a Cautionary Tale for SMBs
Bottom Bunk’s Chargeback Experience a Cautionary Tale for SMBs
December 09, 2022  |  SMBs

“What’s a chargeback?” Cole Richman, owner and founder of Bottom Bunk, had to ask his payments processor that question not long after launching the online...

READ MORE >
Instant Payments Forces Banks to Put Fraud Prevention at the Forefront
Instant Payments Forces Banks to Put Fraud Prevention at the Forefront
December 08, 2022  |  Fraud Prevention

The speed that makes instant payment apps such as Zelle and Venmo popular also makes them attractive tools for fraudsters. Bad actors defrauded nearly 18...

READ MORE >
Walmart CEO: ‘Historically’ High Thefts Could Trigger Price Hikes
Walmart CEO: ‘Historically’ High Thefts Could Trigger Price Hikes
December 07, 2022  |  Retail

Walmart’s CEO says the retailer could raise prices if authorities can’t curb “historically” high shoplifting. Speaking to CNBC Tuesday (Dec. 6), Doug McMillon said theft at...

READ MORE >