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Why AI Is Social Media Fraud’s New Best Friend

PYMNTS

It can be difficult these days to remember the almost idyllic promise of social media when it first entered the general consumer consciousness. That’s not to tempt one into nostalgia, or to suggest that social media has become marred beyond recognition. Digital Evolution. Fraud Increases. trillion in 2018.

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How Payment Platforms Connect Merchants With Augmented Reality

PYMNTS

To let shoppers discover and try out new products, payment companies are helping merchants launch augmented reality (AR) experiences within social media platforms. The firm chose a Kenyan brand, Huddah Cosmetics , as the first social commerce merchant on its Mula service to roll out the platform.

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Is #donate The First Step To #buy?

PYMNTS

That’s what led him to Goodworld, an online platform that removes the friction from digital donations, making them possible (and secure) by using hashtags. is the only social fundraising platform with hashtag-to-donate technology on both Facebook and Twitter. online shoppers leave behind $1.79 Portable Hashtag.

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Top 10 Crypto scams to look for in 2023

Abrigo

According to the FTC, the top ten crypto fraud trends to watch in 2023 are: Investment scams: Investment scams come with "get rich quick" and "no risk" promises, often initiated through social media or online dating apps. Consumers are accustomed to upgrades as part of innovative technology. That's a scam.

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To Fight Fake IDs And Online Fraud, Know Thy Enemy Better

PYMNTS

They are able to use cutting-edge technology, black-market websites and top-level, nimble and well-secured global networks to work their craft. We have to accept some part of that [friction] for the online world. There is no use in counting on some one-size-fits-all technological solution for that problem. Biometric Promise.

Fraud 189
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Report: Social Commerce Market Reaches $89B

PYMNTS

In fact a new report puts the global market for social commerce at $89.4 Of course TikTok, along with Facebook and Instagram, is the social commerce platform of the moment and whoever gets the winning bid for it will be immediately installed as the future of the category. billion this year and says it will reach $604.5

Marketing 209
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Banks Reinforce Protections As Cybercriminals’ Tactics Evolve

PYMNTS

In an interview with PYMNTS, Ragan said technology developments have enhanced the industry’s fraud-fighting strategies, but customer awareness is still a critical component of preventing bad actors from succeeding. Leveraging Advanced Technologies. Bancorp, which is the parent company of U.S. At The Consumer Level.

Fraud 295