Mastercard has acquired security firm Baffin Bay Networks to help its business clients fend off cyberattacks. Based in Sweden, Baffin Bay “adds to Mastercard’s multi-layered...
A United Kingdom regulator has cautioned payments firms that it expects their controls to be “sufficiently robust.” The Financial Conduct Authority (FCA) sent a letter...
Cannabis company American Patriot Brands has been charged with fraud. The complaint filed by the Securities and Exchange Commission (SEC) also names the company’s CEO,...
FTX’s new management has uncovered $3.2 billion in transfers to the company’s founders. Much of that money — $2.2 billion — went to former FTX...
Much has been said about the potential new technologies like artificial intelligence (AI) and machine learning have in transforming fraud detection and fraud prevention across...
The current explosion of interest in artificial intelligence (AI) may seem new to the uninitiated, but truth be told, this cutting-edge tech has been silently...
The payments ecosystem spends 99% of its time and money on the 1% of the people who are out to exploit the system: the fraudsters....
Beyond the chatbots and hype, artificial intelligence has the potential to improve financial services. Jeremiah Lotz, managing vice president of digital and data at PSCU,...
Younger generations want to know what their financial institutions are doing to secure their transactions. That’s according to the latest research in PYMNTS’ March report,...