Risk: Page 2


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    Mastercard to buy CipherTrace crypto security company

    Mastercard is buying the six-year-old company to better serve its customers' needs in understanding digital asset risks, thwarting fraud and complying with regulations.

    By Sept. 9, 2021
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    Ian Waldie via Getty Images
    Deep Dive

    Anti-fraud niche in payments thrives as e-commerce climbs

    Major payments players and fledgling upstarts alike are developing new tools to fight increasing fraud threats to their businesses.

    By Mercedes Cardona • Aug. 23, 2021
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    Dan Kitwood/Getty Images News via Getty Images

    Clearing House urges caution on CBDCs

    A Federal Reserve-backed digital currency could "destabilize both the domestic and foreign banking and financial services sectors," the payments system operator said.

    By July 30, 2021
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    Retrieved from Flickr/frankieleon.

    Alaska, Colorado residents carry most card debt, study says

    In a ranking of states where residents have the biggest credit card balances, those two states' residents carry the largest debt loads while Wisconsin and South Dakota residents carry the lowest average balances, according to a WalletHub analysis.

    By July 28, 2021
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    Matt Cardy via Getty Images

    Failed payments cost over $33 billion for North American banks: report

    The problem is costing financial services firms money and customers, the Accuity report found.

    By Tatiana Walk-Morris • July 20, 2021
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    Sean Gallup via Getty Images

    Why cybersecurity keeps payments executives up at night

    Payments are a critical part of the nation's infrastructure, so executives in the industry are under pressure to understand the evolving threat landscape.

    By Mercedes Cardona • July 19, 2021
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    Permission granted by Axonius
    Sponsored by Axonius

    How cybersecurity asset management can help with PCI DSS

    A modern approach to PCI DSS compliance eliminates the need for spreadsheets and manual asset tracking.

    By Axonius • July 19, 2021
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    Sean Gallup via Getty Images

    Merchants say they're losing revenue to online fraud, FIS report finds

    Six in ten merchants across the globe reported higher rates of e-commerce fraud in 2020 and are struggling to cope with rising payments fraud that impacts business revenue, a recent FIS report stated. 

    By July 12, 2021
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    Retrieved from ATPC on July 07, 2021

    Payments industry trade group taps new chair

    The American Transaction Processors Coalition picked a new board leader as it maps out new initiatives, including expanding its activities at the state level.

    By July 7, 2021
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    Dan Kitwood via Getty Images
    Column

    Growing divide on crypto in international banking report

    Central banks strike a second blow against digital assets and stablecoins. The dissonance between market and government may come down to timing, or an age-old pattern concerning risk.

    By Dan Ennis • June 24, 2021
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    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 June 11, 2021
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    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 June 8, 2021
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    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 June 7, 2021
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    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 May 31, 2021
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    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 May 21, 2021
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    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
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    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 April 30, 2021
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    Anna Hrushka/Payments Dive
    Deep Dive

    US 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
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    "PNC" by ParentingPatch is licensed under CC BY-SA 3.0

    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
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    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 8, 2021
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    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 April 8, 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 1, 2021
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    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 April 1, 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 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