PYMNTS-MonitorEdge-May-2024

payments fraud

As the Number of Payment Methods Consumers Use Increases, So Do Two Key Problems
As the Number of Payment Methods Consumers Use Increases, So Do Two Key Problems
July 22, 2022  |  Consumer Finance

Inflation continues to rear its ugly head, but PYMNTS’ data finds that some aspects of consumer spending — such as the share of consumers in...

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Managing Remote FinTech Risk: In Digital Payments We Trust, But Verify Continuously
Managing Remote FinTech Risk: In Digital Payments We Trust, But Verify Continuously
January 18, 2022  |  Fraud Prevention

The pandemic’s social and digital disruption has exposed organizations to increased risks of becoming victims of cybercrime. Many businesses had to transition employees to working...

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Report: AI and Transaction Notifications Help FIs Stop Payments Fraud Before Customers Get Scammed
Report: AI and Transaction Notifications Help FIs Stop Payments Fraud Before Customers Get Scammed
September 30, 2021  |  Authentication

Payments are now more digitized than ever before, with experts projecting that $6.6 trillion with be exchanged through digital channels by the end of the...

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The B2B Fraud Lens Focuses In On Invoice Scams
The B2B Fraud Lens Focuses In On Invoice Scams
July 26, 2021  |  B2B Payments

Business email compromises (BEC) are among the most common methods of B2B payments fraud and can frequently involve invoice manipulation when a cyber attacker or...

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B2B FinTech Stays Resilient Amid Investment Slowdown
B2B FinTech Stays Resilient Amid Investment Slowdown
July 17, 2020  |  B2B Payments

FinTech funding had already seen a dip in Q1 this year, but the pandemic may be further suppressing investor appetite. A new report provided by...

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BEC Scammers Embrace Coronavirus Opportunity
BEC Scammers Embrace Coronavirus Opportunity
April 13, 2020  |  B2B Payments

Fraud was all over the headlines this past week, with top stories related to Travelex’s ransomware payment, Luckin Coffee’s internal accounting fraud investigation, and new...

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Email Fraudsters Take Advantage Of Coronavirus Opportunity
Email Fraudsters Take Advantage Of Coronavirus Opportunity
March 23, 2020  |  B2B Payments

Even in times of global crisis, fraudsters will always look for ways to exploit unsuspecting targets. Corporates and government officials have recently been sounding the...

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How FIs Can Win The Battle Against ‘Smarter’ Payments Fraud
How FIs Can Win The Battle Against ‘Smarter’ Payments Fraud
February 19, 2020  |  Security & Fraud

Not so long ago, payments cyber fraud was done primarily by brute force, through guessing passwords and usernames — a scattershot approach akin to trial...

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Unwrapping APAC’s Faster Payments Fraud Threat
Unwrapping APAC’s Faster Payments Fraud Threat
January 30, 2020  |  B2B Payments

As faster and real-time payment schemes achieve ubiquity in more markets around the globe, speed is increasingly becoming the standard for payers of all kinds....

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