August 01, 2012
LIBOR scandal gets personal – Investor files private action
Banks allegedly involved in fixing Libor, including Bank of America, Barclays, and Credit Suisse, were named by investor 33-35 Green Pond Road Associates LLC in a suit that claims investors...
July 31, 2012
A Penny For Your Fraud Prevention? Fed Tweaks Interchange
The Federal Reserve Board approved a final rule for the regulation of debit card interchange fees that lets issuers charge more when they actively seek to reduce fraud. An issuer...
July 31, 2012
Does Payza Stand A Chance Against PayPal?
Only recently did the company rebrand, dropping its former identity (AlertPay) for a new one. But already, the new Payza is comparing itself to PayPal when talking about the growth...
July 31, 2012
PYMNTS Daily Roundup: July 30-31
SecureKey Technologies appoints Charles Walton as CEO Sysnet appoints Gregory Leos president, North America More Than 2.5 Million MasterCard Debit Cards Issued to Social Welfare Beneficiaries in South Africa AsiaPay...
July 30, 2012
Ex-UBS execs on trial for bid-rigging
Former co-head of UBS municipal derivatives group Peter Ghavami and ex-colleagues Gary Heinz and Michael Welty found themselves in court charged with six counts, including charges of conspiracy and fraud....
July 30, 2012
Card Fraud Continues To Rise In Europe
The European Central Bank in its recent report on bank card fraud in Europe announced that although overall levels of fraud has been decreasing, Europe is currently witnessing a rise...
July 29, 2012
Drug distributor McKesson settles Medicaid fraud case with major payout
The biggest drug distributor in the United States, McKesson Corp., has agreed to pay a combined $151 million to 29 states to settle claims that it inflated drug prices reported...
July 27, 2012
Geitner under fire for Libor
Secretary of the Treasury Timothy Geitner defended his actions to call attention to the Libor scandal to a skeptical House Financial Services Committee. Geitner insists he notified the Commodity Futures...
July 27, 2012
Global Payments Puts Price Tag On Security Breach: $84M
Global Payments Inc. says the security breach it suffered earlier this year cost the company $84.4 million. Costs associated with that breach cut quarterly profits by 90 percent over the...
With rising FinTech fraud and convincing deepfakes threatening their bottom lines, more than two in three FinTechs plan to expand their budgets to deploy tech that can detect true human liveness, as discussed in the latest PYMNTS “FinTech Tracker®,” a collaboration with Sezzle.
