April 05, 2016
UK: Ex-Barclays workers accused of Libor fix
Five former Barclays employees have been accused of conspiring to defraud, by fixing the Libor interest rate. Jonathan James Mathew, 35, Stylianos Contogoulas, 44, Jay Vijay Merchant, 45, Alex Pabon,...
April 05, 2016
Boston Fed Takes On Cyber Risks, FinTech Competition
Federal Reserve Bank of Boston President Eric Rosengren delivered a speech yesterday (April 4) at the bank’s 2016 Cybersecurity Conference highlighting the economic and cyber risks financial institutions are facing...
April 05, 2016
Trump Hotels Reportedly Breached
Will there be a wall to keep out the data breaches? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
April 05, 2016
Bank Of America Merchant Services Goes Cross-Border
Bank of America Merchant Services has expanded to Europe with the launch of a new unit. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
April 04, 2016
Basware’s April Fools’ Fake Invoice Stunt Is No Joke
Procure-to-pay firm Basware made headlines last week with the news that it reached a deal to acquire U.S. rival Verian for $36 million. But, just a day later, the company...
April 01, 2016
Moving Beyond Silos For AR Management
In managing accounts receivables, corporate banking has been marked by inefficient processes and a “silo mentality.” FTNI, in a recent e-Book, offered up a roadmap toward embracing the cloud to...
April 01, 2016
PayPal Dodges Security Bullet
PayPal thwarted a security vulnerability that would have enabled malicious emails to be sent from its platform thanks to its bug bounty program. Get the Full Story Complete the form...
April 01, 2016
DOJ Warns Of Increased Tax Fraud Threats
The U.S. Department of Justice issued a serious warning to the public about the looming threats of fraudulent tax return processors and tax scheme promoters. Get the Full Story Complete...
April 01, 2016
MasterCard Releases Six-Month EMV Report Card
The adoption of EMV in the U.S. has shown continued momentum in the six months since the official liability shift last October. Get the Full Story Complete the form to...
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.
Companies think their identity systems are working—until the numbers prove otherwise. “The Hidden Costs of ‘Good Enough’: Identity Verification in the Age of Bots and Agents,” a PYMNTS Intelligence and Trulioo collaboration, reveals how “good enough” identity verification quietly drains $95 billion in revenue due to fraud and missed opportunities each year. In the age of bots and agents, complacency isn’t just risky—it’s expensive.