Investing money into detecting, mitigating and preventing fraud has become just another part of doing business. But rather than the fraud department being seen as just another cost center to throw money at, it may be time for senior leadership to start looking at business-driven...
The compliance market is becoming increasingly crowded and competitive as both traditional powerhouses and new entrants race to deliver on solutions that will help keep businesses in line with AML and KYC requirements. But is enough being done? Brett Smiley, general manager of Americas for...
With an ever-growing amount of data created on a daily basis, the cost of upkeep on risk and regulatory compliance likely isn’t the cheapest line item for businesses. The time and energy spent on ensuring outside vendors are safe takes away time that could be spent...
Crowdfunding and other popular platforms bring a new level of risk to micro-payments. WePay’s John Canfield, Vice President of Risk Management, tells PYMNTS’ Karen Webster about how the fight against fraud extends to the micro level, with an arsenal that includes social media.
Once upon a time, the factory represented a kind of romantically mechanized ideal of the American spirit to pull oneself up by one’s bootstraps. That may have been the case when Henry Ford was alive, but factory-made goods appear to have lost their shine to...
The dog days of summer are finally upon the retail world, and if department stores didn’t take the spring and early summer to make up for the slow sales of a warm winter, it might be too warm and muggy to do much about that now. With...
John Lennon and Paul McCartney sang that they got by with a little help from their friends, and when retailers are teetering on the brink of bankruptcy, the backing of a financially sound ally can mean the difference between restructuring and liquidation. At the rate...
The consumer loan used to be a safe bet for the big banks, until the financial quicksand of 2008 tore the rug out from under the rules as they were. Now, the pillars of Wall Street are bracing themselves for another long-awaited shockwave of the...
Among all the stresses and tough decisions that filing for Chapter 11 brings onto already struggling retailers, there are a few bright spots to the process. Namely, it’s pace — if retailers want to move things slowly enough to wait and see if an angel...
