Fidelity Investments reportedly shut down an online check fraud scheme similar to one that recently struck J.P. Morgan Chase by tightening some restrictions on cash management accounts Sept. 11. The firm cut the amount certain customers can deposit into their cash management accounts from $100,000...
The B2B landscape is full of what buyers and suppliers don’t know. In today’s rapidly evolving landscape, B2B businesses across the transaction frequently find themselves navigating uncertainty. Whether it’s the hidden costs of transactions, the intricacies of payment terms, or the evolving regulatory and technological...
We are nearly 25 years into the 21st century. For businesses, the shift from traditional, analog methods to seamless, digital-first payment processes should have happened long ago. “Almost half of B2B payments are still made via check, which blows my mind in terms of the...
Digital transformation is a one-way street and a two-way journey — particularly within B2B. Embracing innovation is a one-way exercise in that businesses that realize the benefits of leaving paper-based and manual processes behind rarely pull a U-turn and pick those error-prone and friction-filled solutions...
February 19, 2024
The future of digital payments is, in many ways, already here. What is left is the need for businesses to adapt to this rapidly shifting consumer landscape by leveraging the increasing popularity of digital payments, particularly among younger consumers. “There’s a huge opportunity for small businesses and mid-size businesses, and even large businesses, to continue […]
September 05, 2023
The way things have always been done could be harming firms in the long run. That’s because in an era where technological advancements are transforming industries at an unprecedented pace,...
December 20, 2022
Checks remain a key B2B payment method in Canada, but commercial cards are changing that. A driving force behind this is the partnership of New York-based Boost Payment Solutions and...
October 11, 2021
To paraphrase Mark Twain, the death of the check – the paper kind – has been greatly exaggerated. Stubborn things they are – certainly they’ve found wide berth in B2B...
October 29, 2024
Over the summer, a curious fad went viral on TikTok, involving Chase Bank. People were writing fake checks and depositing them into the bank’s ATMs, withdrawing thousands of dollars thanks to a technical error — dubbed “the infinite money glitch” on TikTok and “check fraud” by some observers. The glitch let people withdraw the full […]
September 27, 2024
Fidelity Investments reportedly shut down an online check fraud scheme similar to one that recently struck J.P. Morgan Chase by tightening some restrictions on cash management accounts Sept. 11. The...
September 09, 2024
Mail theft-related check fraud amounted to more than $688 million in a recent six-month period. So said the Financial Crimes Enforcement Network (FinCEN) in a Monday (Sept. 9) press release...
September 06, 2024
J.P. Morgan Chase reportedly plans to share with police the information it has about people who took advantage of a so-called “glitch” that was promoted by TikTok users late last...
