With digital wallets now being used more after a years-long ramp-up, there’s a new battle brewing over which wallets consumers both know and trust with their payment credentials. Big Tech pulled ahead with Apple Pay and Google Pay installed and ready to use on smartphones...
B2B transactions were not the use case that immediately came to mind with emerging payment rails like real-time payments or blockchain. But this week’s Payment Rail Innovation roundup finds the infrastructure continues to gain traction with business end-users, with financial institutions (FIs) driving adoption forward....
Financial crimes are increasing amid the COVID-19 pandemic, with fraudsters impersonating tax officials to steal personal data. Multi-faceted approaches are necessary, as simply using automated systems or human intuition alone leaves financial institutions fighting with one hand tied behind their backs. In the inaugural Preventing...
Financial crime is a never-ending concern for banks, credit unions (CUs) and other financial institutions (FIs), with trillions of dollars and untold terabytes of personal information stolen every year. Bad actors deploy a staggeringly diverse array of tactics to exact their crimes, ranging from impersonating...
February 13, 2023
With digital wallets now being used more after a years-long ramp-up, there’s a new battle brewing over which wallets consumers both know and trust with their payment credentials. Big Tech pulled ahead with Apple Pay and Google Pay installed and ready to use on smartphones essentially out of the box. But banks are no longer […]
May 08, 2024
Last year, a group called Scattered Spider pulled off a massive hack targeting casinos. Now, this mysterious collective has apparently turned its attention to the banking and insurance sectors, cybersecurity researchers told Bloomberg News Wednesday (May 8). Since late last month, Scattered Spider has targeted 29 companies and successfully compromised the systems of at least two insurers, […]
