Risk: Page 2

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 Lynne Marek • Sept. 9, 2021

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

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 Lynne Marek • July 30, 2021

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 Lynne Marek • July 28, 2021

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

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

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

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 Vaidik Trivedi • July 12, 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 Lynne Marek • July 7, 2021

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

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

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 8, 2021

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 7, 2021

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

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

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

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

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

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

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

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 8, 2021

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

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 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 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