Risk: Page 22
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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 -
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 -
Explore the Trendlineâž”
tommy via Getty Images
TrendlinePayments 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 -
Permission granted by Axonius
Sponsored by AxoniusHow 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 -
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 Vaidik Trivedi • July 12, 2021 -
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 Lynne Marek • July 7, 2021 -
Dan Kitwood via Getty Images
ColumnGrowing 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 -
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 8, 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 7, 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 8, 2021 -
Stock Photo 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 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 -
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 -
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 -
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
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