Risk


  • Image of bitcoins.
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    Chris McGrath via Getty Images
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    Crypto theft doubles to $1.38B

    The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.

    By Alexei Alexis • July 11, 2024
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    Win McNamee / Staff via Getty Images
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    Congress members egg on US payments system expansion

    A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.

    By July 8, 2024
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    tommy via Getty Images
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    Trendline

    Payments industry seeks to keep pace with fraudsters

    As losses from fraud in payments have climbed, companies are seeking new tools to combat illicit schemes.

    By Payments Dive staff
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    Mario Villafuerte via Getty Images
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    CFPB keeps scrutiny on medical cards

    The Consumer Financial Protection Bureau has found some patients felt pressured by healthcare providers to use medical credit cards, according to an update on the federal agency’s efforts to protect consumers.

    By July 8, 2024
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    Shutthiphong Chandaeng via Getty Images
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    Payments industry to use AI to detect fraud, improve efficiency

    Research from the investment bank Jefferies suggests generative artificial intelligence could be used in the payments industry to improve fraud detection and make transactions happen faster.

    By July 2, 2024
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    Creative via Getty Images
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    Q&A

    How buy now, pay later benefits merchants

    Research from online payments processor Stripe found that providing BNPL increases the average size and total number of  sales.

    By July 1, 2024
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    Dan Kitwood / Staff via Getty Images
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    Crypto firm Abra settles with 25 states for operating without a license

    Abra agreed to repay customers some $82 million in crypto. CEO Bill Barhydt said all but $2 million, yet to be claimed, has been repaid.

    By Gabrielle Saulsbery • June 27, 2024
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    Rrraum via Getty Images
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    FTC warns of cash losses to government impostors

    The median loss paid in cash to government impersonation scammers in the first quarter was $14,740, far above the $1,000 median for all payment types.

    By June 20, 2024
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    Techa Tungateja via Getty Images
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    Opinion

    Fighting deepfakes via payments

    “Since many of these deepfake software services accept credit cards, payments providers are on the front lines of detecting these companies,” writes one corporate compliance officer.

    By Alan Primitivo • June 12, 2024
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    1401461124 via Getty Images
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    Q&A

    Upcoming ISO 20022 transition leaves some finance players scrambling

    The move to ISO 20022 is coming late next year and many financial institutions remain unprepared for the switch.

    By June 11, 2024
  • Close up of easy payment by credit card or smartphone application Greenhouse workers selling pottered flowers.
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    whyframestudio via Getty Images
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    Rivals Adyen, Stripe partner with Capital One to combat fraud

    The three companies announced last Wednesday that they are teaming up to launch a free service intended to combat fraud and reduce the amount of transactions that are improperly declined.

    By June 10, 2024
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    damircudic via Getty Images
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    Sponsored by Adyen

    How machine learning protects merchants from digital payment fraud

    Fraud is always a problem companies want to tackle. But in the current business environment, it has become an even greater priority.

    June 10, 2024
  • The eBay logo is displayed outside company headquarters.
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    Justin Sullivan via Getty Images
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    Amex dismisses impact of eBay’s rejection

    EBay will no longer accept American Express, but the credit card company said in a statement that the online auctioneer accounts for a minuscule portion of its total business.

    By June 6, 2024
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    Drew Angerer via Getty Images
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    Pot payments players crave federal reforms

    The Safer Banking Act and federal rescheduling of marijuana could simplify transactions for payments companies doing business in the arena.

    By June 5, 2024
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    Courtesy of Early Warning Services (parent company of Zelle)
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    Early Warning launches campaign to warn seniors

    The parent to payments service Zelle aims to inform seniors about scams as it faces congressional scrutiny over its fraud reimbursement practices.

    By Tatiana Walk-Morris • June 5, 2024
  • Person pays using phone to tap point-of-sale device with cup of coffee sitting on table.
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    Cecilie_Arcurs via Getty Images
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    Are digital wallets safer than debit cards?

    Research shows young people see digital wallets as a more secure option than debit and credit cards. Cybersecurity professionals mostly agree, despite caveats.

    By May 31, 2024
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    Gordan1 via Getty Images
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    Investments for payments startups trickle in

    Venture capital flowing to startups in the payments sphere remains reduced this year, extending a rut from last year.

    By May 30, 2024
  • Booth and sign for Federal Reserve payments services at Nacha conference in May 2024.
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    Lynne Marek/Payments Dive
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    Jack Henry, Visa see escalating FedNow volume

    While the Federal Reserve won’t specify payments volume on the new instant system, executives from certified service providers Visa and Jack Henry said they’re seeing an increase.

    By May 9, 2024
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    Permission granted by GoCardless
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    Sponsored by GoCardless

    How to reduce risk and save cash with Pull-ACH

    Finance leaders are in a unique position to reduce costs and increase revenue by evolving payment processes.

    By Siamac Rezaiezadeh, VP of Product Marketing & Insights, GoCardless • May 6, 2024
  • Seal of the Board of Governors of the United States Federal Reserve System.
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    LD via Getty Images
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    Fed keeps up CBDC research

    Despite political opposition to a potential U.S. central bank digital currency, research staff at the central bank continue to study the possibility.

    By April 17, 2024
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    Joe Raedle / Staff via Getty Images
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    CFPB $8 late fee cap edges toward reality

    Despite an industry-backed lawsuit seeking to stop the Consumer Financial Protection Bureau’s new $8 late fee rule, bank card issuers are bracing for potential implementation.

    By April 17, 2024
  • U.S. European Commission flags
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    E4C via Getty Images
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    US, Europe lock arms on payments regulation

    U.S. and European regulators have joined forces to monitor digital payment concerns, including those related to buy now, pay later financing and big tech market participation.

    By April 15, 2024
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    Brandon Bell/Getty Images via Getty Images
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    Warren reiterates call for gun MCC guidance

    The Massachusetts senator and 32 other Democrats stressed the need for federal guidance on the gun merchant category code as states diverge.

    By Caitlin Mullen • March 29, 2024
  • Visa cards stacked and splayed
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    Justin Sullivan via Getty Images
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    How Visa handled ‘BidenCash’ card fraud incident

    The card network giant identified 556,000 card accounts that were put at risk as a result of the cybercrime ring BidenCash’s release of data online in December.

    By Tatiana Walk-Morris and Lynne Marek • March 25, 2024
  • Consumer Financial Protection Bureau Director Rohit Chopra standing at a podium on stage.
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    Lynne Marek/Payments Dive
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    CFPB warns of ‘dangers’ on standards for open banking

    “We know dangers exist when more powerful players weaponize industry standards,” Consumer Financial Protection Bureau Director Rohit Chopra said in advance of finalizing an open banking rule later this year.

    By March 15, 2024
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    Justin Sullivan via Getty Images
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    Banking apps fall short on fraud protections: report

    Consumer Reports Senior Director Delicia Hand said preventing fraud and scams is "crucial" for traditional and digital banks alike, as more of their customers use their mobile apps.

    By March 14, 2024