Fraud Prevention

Today in B2B Payments: Firms Deploy Payment Solutions, Biometrics
Today in B2B Payments: Firms Deploy Payment Solutions, Biometrics
September 27, 2022  |  B2B Payments

Today in B2B payments, Bank of America’s CashPro App adds a way to sign in without manually entering password credentials. Plus, German venture capital firm...

READ MORE >
Why Small Businesses Outperform Larger Rivals in Preventing Disputes
Why Small Businesses Outperform Larger Rivals in Preventing Disputes
September 27, 2022  |  Fraud Prevention

Ninety-three percent of businesses generating between $20 million to $100 million in annual sales — the smallest category PYMNTS surveyed — use third-party tools to...

READ MORE >
Senate Hearing Spotlights Rifts, Risks on Push Payment Fraud
Senate Hearing Spotlights Rifts, Risks on Push Payment Fraud
September 23, 2022  |  Regulation

On Capitol Hill, by now the cast of characters — and the flash points — are familiar. The CEOs of the nation’s largest banks have,...

READ MORE >
DOJ Asks Congress for Tools to Limit NFT Money-Laundering Risk
DOJ Asks Congress for Tools to Limit NFT Money-Laundering Risk
September 22, 2022  |  Security & Fraud

Down at the very bottom of the crypto crime report the Justice Department issued last week was a request that could make it a lot...

READ MORE >
Justice Department Seeks Congressional Green Light for Faster Crypto Investigations
Justice Department Seeks Congressional Green Light for Faster Crypto Investigations
September 21, 2022  |  Cryptocurrency

Not only does the U.S. Department of Justice want crypto criminals who violate money transmitter licensing laws to spend more time in jail, but it...

READ MORE >
Onfido Debuts Facial Biometric Tech That Verifies ID in Seconds
Onfido Debuts Facial Biometric Tech That Verifies ID in Seconds
September 21, 2022  |  Authentication

Next-generation facial biometric technology has the ability to speed up verification, detecting a real person in seconds. Global digital identity verification and authentication provider Onfido...

READ MORE >
Galileo, DataVisor Debut Payments Risk Mitigation Platform
Galileo, DataVisor Debut Payments Risk Mitigation Platform
September 20, 2022  |  Fraud Prevention

Galileo Financial Technologies has expanded its Galileo Payment Risk Platform with a partnership with DataVisor, which works in fraud and risk management, to offer more...

READ MORE >
DOJ Seeks to Double Jail Time for Money Transmission Crimes
DOJ Seeks to Double Jail Time for Money Transmission Crimes
September 20, 2022  |  Regulation

Buried in the U.S. Department of Justice’s crypto crime report last week was a call for Congress to double the criminal penalties for any unlicensed...

READ MORE >
Treasury Department Seeks Public Comment on Crypto Risks
Treasury Department Seeks Public Comment on Crypto Risks
September 19, 2022  |  Cryptocurrency

The U.S. Department of Treasury is asking for public comment on any risks that digital assets pose in terms of illicit finance and national security. ...

READ MORE >