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NCR Buys StopLift To Prevent Retail Fraud

PYMNTS

“In addition to creating new value for our retail customers around the world, StopLift’s fraud detection technology will be a key enabler of our frictionless commerce product strategy.”. NCR said StopLift’s technology detects scan avoidance methods and flags unscanned, unpaid merchandise for loss prevention. “We

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NY Man Gets Jail Time For $390K Card Skimming Scheme

PYMNTS

By using secret card-reading devices and pinhole cameras at various locations, Rusu and others were able to commit a widespread bank fraud conspiracy that targeted various banks in Massachusetts, New York and New Jersey from August 2014 to November 2016, according to law enforcement.

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Today In Payments: California Proposes Financial Watchdog; Germany Launches Investigation Into Amazon

PYMNTS

The Federal Reserve is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing a digital currency. How QSRs Are Fighting Digital Food Fraud. Fed Exploring ‘Hypothetical’ Digital Currency With MIT. Just Eat Takeaway to End Its Gig Worker Model.

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Payfone Nabs $24M In Funding; Partners With TransUnion

PYMNTS

The funding also included participation from existing investors Synchrony, MassMutual Ventures, Massachusetts Mutual Life Insurance Company and Wellington Management. financial institutions, as well as leading healthcare, insurance, technology and retail companies. Payfone serves six of the top 10 U.S.

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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Jeremy Allaire , CEO of financial technology firm Circle , told PYMNTS that digital currencies are ready to transition from speculation to become more broadly adopted in everyday commerce. . Keeping An Eye On Fraud.

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Synchrony Says Erroneous Email Not Tied To Data Breach

PYMNTS

Senators Ron Wyden of Oregon, Chris Van Hollen of Maryland, Ed Markey of Massachusetts, Chris Coons of Delaware and Gary Peters of Michigan sent a letter asking whether the technology could be accessed by foreign entities or whether it posed a risk to national security.

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Main Street SMBs, Digital AP, GoodRx’s IPO Tops This Week’s News

PYMNTS

Massachusetts-based accounts payable (AP) automation technology firm MineralTree Inc. Report: Hanging Up The Phone On Mobile Remittance Fraud. PYMNTS explores how technologies based on the cloud can make document acceptance simpler amid subcontractor onboarding and allow for more effective invoice/payments monitoring.

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