Risk
-
Sean Gallup via Getty Images
Socure gears up for IPO, perhaps sooner than expected
The identity verification company added new top executives and raised its profile in the wake of peer stock offerings that showed investors' appetite for payment company shares.
By Lynne Marek • June 11, 2021 -
Courtesy of Gemini
Gemini acquires Shard X, seeking to bolster crypto transactions and custodian security
Cryptocurrency exchange and custodian platforms like Gemini are ramping up security measures as the digital asset class is gaining popularity among users and fraudsters alike.
By Vaidik Trivedi • June 08, 2021 -
Rob Kim via Getty Images
Regulators increase scrutiny of cryptos in money-laundering
The decentralized and anonymous nature of cryptocurrency makes it susceptible to money laundering, and governments across the globe must respond, industry experts said during Payments Canada Summit last week.
By Vaidik Trivedi • June 07, 2021 -
Chris Hondros via Getty Images
Sift acquires Chargeback to crack down on rising payments fraud
Sift is beefing up its ability to fight rising e-commerce fraud through its acquisition of software-as-a-service company Chargeback.
By Vaidik Trivedi • May 31, 2021 -
Courtesy of Nitesh Rajoria
Credit Rich offers millennials, marginalized communities more credit tools
"We created Credit Rich to provide people with the opportunity to take the burden [of debt] off them by helping them understand how the credit system works," said Angel Rich, CEO of Credit Rich parent WealthyLife.
By Vaidik Trivedi • May 21, 2021 -
Jack Taylor / Stringer via Getty Images
Cryptocurrency fuels ransomware payments
The rapid ascent of crypto, like other emerging technologies before it, has challenged the federal government's ability to regulate the new arena.
By Samantha Schwartz • May 12, 2021 -
Stuart C. Wilson via Getty Images
E-commerce fraud to surpass $20B in 2021, an 18% jump over last year, report finds
Behavioral biometrics and secured APIs can help rein in the rising fraud, according to a recent Juniper report.
By Vaidik Trivedi • April 30, 2021 -
Anna Hrushka/Payments Dive
Deep DiveUS mulls CBDC options in international race to advance payment systems
Bank Policy Institute's chief examines the benefits and drawbacks of various central bank digital currency models, and how they would affect payment systems.
By Anna Hrushka • April 20, 2021 -
PNC's 'low cash mode' gives users 24-hour overdraft buffer
The feature lets customers choose which payments will be processed if an overdraft is imminent. Tests of the product have helped users reduce insufficient-funds fees by more than 60%, the bank said.
By Anna Hrushka • April 14, 2021 -
Courtesy of Coinbase
Coinbase's direct IPO could be hard act to follow
"Coinbase will provide an avenue for companies to make an indirect bet on cryptocurrencies," Baker Botts attorney Sam Dibble said.
By Robert Freedman • April 08, 2021 -
zefart/iStock/Getty via Getty Images
Payments industry faces potential 'destructive attacks,' Biden cybersecurity official warns
A new Biden administration cybersecurity official told the American Transaction Processors Coalition that ransomware and infrastructure attacks are the biggest threats.
By Lynne Marek • April 08, 2021 -
Opinion
After digital payments rush, time to tighten security
Don't be surprised if a vendor you're about to pay turns out to be fraudulent. ACH and other types of cyber fraud surged during the pandemic.
By Angela Anastasakis • April 01, 2021 -
White Ops
Fraud picks up as the economy goes digital during the pandemic, studies find
Digital transactions are vulnerable to fraud with more than $1 trillion stolen in 2020 due to cybercrime, new research from Sift and FICO revealed.
By Vaidik Trivedi • April 01, 2021 -
Financial institutions were slow to protect customers from fraud, Stratifyd report says
Financial institutions were overwhelmed with fraudulent activities skyrocketing during the pandemic, according to the data analysis of Consumer Financial Protection Bureau customer complaints.
By Vaidik Trivedi • March 30, 2021 -
MoneyGram launches B2B service for global money transfer
Additionally, customers can transact through G-Coin tokens, which are backed by gold and allows people to own, save and spend the coin as a digital fiat currency.
By Anthony Epling • March 25, 2021 -
Courtesy of Jumio Media kit
Jumio lands $150M from private equity firm Great Hill Partners
The company focuses on B2B services, using digital identity verification tools including biometrics, computer vision, big data and machine learning to verify account-holders' identity and thwart fraud.
By Lynne Marek • March 23, 2021 -
Getty Images
Lightspeed POS to acquire retail software company Vend for $350M
Lightspeed will leverage Vend's complementary technology stack and user experience capabilities to deliver commerce capabilities to retailers around the world.
By Anthony Epling • March 15, 2021 -
PayPal to acquire digital asset firm Curv
The acquisition follows PayPal's recent expansion of its digital wallet capabilities, including enabling buying, selling and holding cryptocurrency.
By Andy Burt • March 09, 2021 -
Plaid payroll product streamlines income verification
Plaid Income is the second product the company has launched since the termination of a proposed $5.3 billion tie-up with Visa, signaling the scrapped deal is not slowing the expansion of the fintech's suite.
By Anna Hrushka • March 08, 2021 -
PayPal CFO: Pandemic has created 'inflection point' for digital payments
The virtual payments processor does not anticipate a post-pandemic drop in business, and intends to double its user base and triple total payment volume, according to John Rainey.
By Jane Thier • March 05, 2021 -
Seattle-based payments company suffers ransomware attack
The company Automatic Funds Transfer Services offers payments processing, billing and other services for customers and municipalities in Washington and California.
By Anthony Epling • March 04, 2021 -
Column
Goldman crypto trading desk relaunch portends softer industry stance on Bitcoin
The bank follows BNY Mellon and JPMorgan in greater crypto acceptance, in a reversal from a May report in which Goldman called Bitcoin an "unsuitable investment." Citi this week said the currency is at a "tipping point."
By Dan Ennis • March 03, 2021 -
Square launches long-awaited industrial bank
The FDIC gave the fintech conditional approval for an ILC charter nearly a year ago. Now the company can originate small-business loans rather than doing so through its previous partner, Celtic Bank.
By Dan Ennis • March 02, 2021 -
Gemini Exchange moves into credit cards, yield-bearing programs
Crypto exchange’s push is the latest in the growing list of blockchain players adding banking-like benefits.
By Ted Jackson • March 01, 2021 -
:Weatherman1126. (2007). "Logo of The Goldman Sachs Group, Inc." [Image]. Retrieved from Wikipedia Commons.
Walmart's fintech startup poaches 2 Goldman executives
The retailer looks to use its scale in the retail space "to deliver tech-driven financial experiences tailored to Walmart's customers and associates."
By Dan Ennis • March 01, 2021
