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TRENDING: Is Sharing Cybercrime Data Key To Fighting Fraud?

PYMNTS

The bank recently debuted “Siri for Westpac,” a new feature designed for consumers to link bank accounts to their iPhone or other Apple devices and make payments to payees at any bank. Elsewhere in the space, FIs are seemingly more focused on social media integrations. How Banks Are Weaponizing Data To Fight Fraud.

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Hackers Steal Alipay Customers’ Money Via Stolen Apple IDs

PYMNTS

Alipay , the mobile payment app, said Wednesday (October 10) that hackers stole money from accounts via stolen Apple IDs. Reuters , citing Ant Financial , the payment affiliate of Alibaba, reported the Chinese company said the issue hasn’t been resolved even though it reached out to Apple already.

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Apple Apologizes For Stolen Apple IDs In China

PYMNTS

Apple, nearly a week after it emerged that some Apple IDs were stolen in China, apologized for the hacking, saying in a statement that it found “a small number of our users’ accounts” had been accessed via a phishing scam, reported The Wall Street Journal. Alipay , the mobile payment app, said on Wednesday (Oct.

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Big Tech Faces Regulation Reckoning As 2021 Dawns

PYMNTS

If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.

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Apple Investigated In France Over Battery Scandal

PYMNTS

A French prosecutor has launched a preliminary investigation of Apple over BatteryGate , the U.S. According to Reuters , the investigation will be led by French consumer fraud watchdog DGCCRF, part of the Economy Ministry. An Apple spokeswoman in U.S. We know that some of you feel Apple has let you down.

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FTC Sues Beam Financial For Failing To Deliver Mobile Banking Users’ Funds

PYMNTS

The late funds proved to be even more of a problem when several customers, reviewing it on the Google and Apple app stores, claimed they were unable to reach Beam for customer support by phone or email. Various types of fraud have been on the rise since the pandemic started. rate, while many users actually ended up with much lower 0.04

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Marketing Deposits Like Barbie

South State Correspondent

Consider this thought experiment – If Apple opened a hotel, you can imagine almost exactly what it would be like. Apple owns a brand, while Marriott runs hotels. While banks don’t have to be like Apple, they can likely improve their brand, which will lower their deposit cost. The press and social media exploded.

Marketing 195