As goes the online marketplace, so goes fraud. Cybercrooks treat online marketplaces like great fishing spots, ceaselessly testing for vulnerabilities — and often finding them — to exploit. Risk and Resilience: A Business Fraud and ID Theft Report, a PYMNTS and TreviPay collaboration, explores the fraud landscape...
Fraud detection is constantly improving, but so are the capabilities of fraud rings and hackers, making choice of fraud detection and dispute resolution technology critically important in 2022. For Dispute-Prevention Solutions: Third-Party Tools Limit Dispute Related Losses, a PYMNTS and Verifi collaboration, PYMNTS surveyed over...
The online shopping surge of the past two years heightened the risk of credit card fraud and drove many merchants to invest more heavily in anti-fraud measures. Merchants tend to rely on a mix of proprietary and third-party tools to resolve transaction disputes and clamp...
For the Twitter bid a la Elon Musk, the lesson is: Easy come, easy go. Well, beyond that assessment, of course, lies the reason Musk has put the $44 billion deal on hold. For Twitter — and for other platform firms, too, we note — there...
The shift to remote transactions during the pandemic not only accelerated the adoption of digital banking, but also firmly established the market for data exchange technologies and the devices connected to them, also known as the Internet of Things (IoT). The convergence of money and...
Although consumers are increasingly using an array of connected devices to conduct financial transactions, they're doing so with the expectation that banks and FIs will keep them secure. In the "Digital Fraud Tracker," Mission Lane’s Gaurishankar Gopalakrishnan shares thoughts on how FIs are using advanced...
The pandemic not only accelerated the digital transformation of banking and payments, but it also solidified consumer demand for the Internet of Things (IoT). Consumers exhibit a growing enthusiasm for technologies that can transfer money or pay bills at the touch of a button or...
Hackers and cybercriminals are becoming more sophisticated by the day, if not the hour or the minute, but too many financial institutions are holding on to their old way of attempting to deal with risk, an approach that could leave them more vulnerable to attacks,...
Surecomp is launching a new offering that uses advanced cryptographic technology to allow financial institutions (FIs) to lessen the risk of duplicate financing fraud, according to a Tuesday (April 12) press release. The new product features an invoice comparison process that helps to identify whether...
