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New Ransomware Uses Social Media, Demands Payment in Bitcoin

Bank Innovation

A new type of ransomware is targeting users through their social media accounts, most notably through Facebook and LinkedIn, before doing what ransomware does: locking the computer and demanding payment for access–in bitcoin.

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Bank wire fraud – How social engineering and technology perpetrate fraud losses

Abrigo

Takeaway 1 Bank w ire transfer fraud is increasing due to technological advances today. Takeaway 3 Education and technology tools are our best defense against b ank wire transfer fraud in our institutions. While wire transfers offer speed and efficiency, they have always carried inherent risks. The best defense is a good offense.

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GoDaddy Agrees To Buy Poynt To Boost Digital Payments Technology

PYMNTS

The software from Poynt includes terminals, mobile or web software and help for small- to medium-sized businesses (SMBs) to integrate with various payment processors. Poynt is used by over 100,000 merchants and has over $16 billion in annual gross merchandising volume (GMV), according to the release.

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The Financial Technologies SMEs Aren’t Using

PYMNTS

The average small business considers itself a “moderate” user of technology, according to the PYMNTS.com SMB Technology Adoption Index. 70 percent of SMEs didn’t use tax software in 2016 , found Office Depot in its most recent Small Business Index survey. Only 13 percent say they’re willing to jump on the innovation bandwagon.

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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

Perficient

A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder. The Mastercard’s pilot biometric technology , on the other hand, if widely adopted, would require more intensive widespread hardware and software updates.

Industry 471
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Banks Need Artificial Intelligence – It’s Just a Matter of Picking the Right Technology

Gonzobanker

Vendors need to be able to explain their AI technology to bankers in layman’s terms “An algorithm is what software engineers call something when they don’t want to explain what they did.” — Modern Adage Every vendor these days is talking about how their software has magical “AI” algorithms in it. Can the software “show the math?”

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Engage your market by leveraging technology

Abrigo

Though the message has stayed constant, technological improvements have opened the door for firms to reach beyond the borders of geographical regions and time zones. Today, technology trends like Big Data are colliding in ways that drive productivity and progress toward a future of potential competitive advantages in the accounting market.