As the second round of stimulus money is distributed, the Internal Revenue Service (IRS) has issued a warning that people need to be vigilant about scams targeting recipients of the funds, according to reports. “We urge people to take extra care during this period,” IRS...
Not unlike rust, fraud never sleeps. And if it’s not one thing, it’s another. At this moment merchants remain vulnerable to the never-ending cycle of new and recycled attack vectors. “Promotion abuse is rampant among retailers, restaurants and other firms, and individuals are taking advantage...
Fraud instances have risen dramatically since the pandemic began, placing financial strains on consumers and merchants alike. One recent report that surveyed consumers from the U.K., U.S. and five other nations identified 100 million potentially fraudulent transactions between March 11 and April 28, for example....
Promotions have not just become a lifeline for retailers looking to boost revenues during the pandemic, but also fraudsters looking for a quick and easy scam. In this month’s Digital Fraud Tracker, Luke Rauch, vice president of customer experience at Walgreens, discusses how digitizing promotions...
Digital fraud is a long-running problem for merchants, retailers, banks and businesses of all types. Account takeovers and shipping fraud increased by 347% and 391%, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. Twenty-two percent of Americans have reported being...
Geolocation data and adjacent technologies are helping to customize and personalize shopping, banking and more, as consumers acclimatize to a commercial world that increasingly concerns itself with where you are in the moment, powering next-gen connected commerce experiences. The November 2020 PYMNTS report Location, Location,...
Smartphones have become a ubiquitous part of life for consumers around the globe. They use their mobile devices for everything from checking the weather to posting on social media to pulling up real-time maps and using them to navigate to new destinations. Many of these...
It used to be an uncommon occurrence with a funny name, a misdemeanor of the digital-first era — but porch pirates aren’t so funny anymore. That little trend is now a serious matter, with one in five Americans losing a package to theft since the...
The number of real-time payments has risen dramatically in recent years, and APP fraud has grown alongside it. Fraudsters utilizing these schemes rely on tactics such as phishing and impersonation scams to trick customers and businesses into sending payments or payment details, and their use...
