Invoice fraud — changing details so that money is routed to fraudsters’ bank accounts — may have hit Microsoft through one of its own employees. Elsewhere,...
Citi, HSBC and Banco Santander are among seven major global banks that are banding together to form a cross-border trade finance network, Reuters reported Thursday (Oct....
To really beat someone, or something, one must respect and understand that person or organization, even if they dislike or loathe them. That’s ancient wisdom...
As cybercriminals ramp up their attacks, a growing number of FIs are turning to AI and machine learning to protect customers and assets. However, that...
The world is full of inefficiencies, some more grating than others – such as B2B transactions’ ongoing reliance on paper for payments to the ongoing “tax” fraudsters and...
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Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest developments in fraud, along with...