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...
Only 32% of businesses are “very” or “extremely” satisfied with their current anti-fraud methods, according to “Risk And Resilience,” a PYMNTS and TreviPay collaboration based on a survey of 150 executives at companies with $10 million to $1 billion in annual revenues. Get the report:...
While 86% of United States consumers are aware of cryptocurrency, its actual ownership or use remains relatively uncommon, with just 16% of consumers saying they have ever invested in, traded or otherwise made use of it. Interest in cryptocurrency is growing, however, and 38% of...
While cryptocurrencies have the potential for faster cross-border transactions at a lower cost, common misconceptions hold back broader consumer adoption. In the Digital Fraud Tracker, Wirex’s Tony Lees explains how crypto-linked debit cards, stringent onboarding processes and vigilant monitoring systems can help simplify use and...
