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

Explore the 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

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

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

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 9, 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 8, 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 5, 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 4, 2021

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 3, 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 2, 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 1, 2021

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 1, 2021

Fed says 'operational error' caused payment system outage

The Federal Reserve's electronic payments network lets nearly 9,300 financial institutions send billions of dollars daily through the U.S. financial system.

By Anna Hrushka • Feb. 26, 2021

Tether, crypto exchange Bitfinex to pay $18.5M to settle NY probe

Tether will give officials quarterly reports on its reserves and end trading with the state's residents in an agreement that ends a two-year investigation into allegations it hid the loss of $850 million in client and corporate money.

By Dan Ennis • Feb. 24, 2021

How can data manipulation impact the bottom line?

Factoring disinformation into a threat model can allow a company to combat lies and protect its reputation.

By Samantha Schwartz • Feb. 17, 2021

Why Global Payments went multicloud

Large companies venture down the multicloud path to support different business arms.

By Katie Malone • Feb. 11, 2021

BNY Mellon commits to holding, transferring and issuing crypto

The New York-based bank said Thursday it is developing a client-facing prototype for a multi-asset digital custody and administration platform set to roll out this year.

By Dan Ennis • Feb. 11, 2021

Gemini launches crypto-based savings product offering up to 7.4% yield

Gemini said it can pay such high rates because it lends to institutional borrowers through a partner, but that puts it largely outside the regulatory sphere — leaving customers assuming considerably more risk.

By Dan Ennis • Feb. 3, 2021