Tomorrow's Transactions

AUGUST 8, 2016

His 2001 live album is one of the most-played on my iPhone. I think of this every time I read a story about how EMV chips are trivial to clone and how the banking system is about to collapse because of multi-billion pound frauds. From Forget card skimmers, chip-card shimmers will be your next nightmare • The Register.

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CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. WrkRiot’s short-lived house of cards falls down. The Outcome.

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PYMNTS

JUNE 29, 2020

As things now stand, Wirecard is shaping up to be one of the biggest financial frauds in years, drawing at least some comparisons to Enron from decades past. The New York Times noted on June 26 that stock research services targeting short sellers (who bet that prices will decline) had been signaling that Wirecard was a “house of cards.”

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Banking 2020

JUNE 11, 2015

Big changes are happening in the credit card processing industry that will impact every business accepting credit card payments. Ideally, once EMV is fully deployed, credit cards will no longer be “swiped”. EMV is intended to replace the magnetic stripe with a more secure chip-based technology.

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PYMNTS

JANUARY 1, 2021

Many businesses are finding that newer digital payment tools, like virtual cards, offer key advantages to optimizing their B2B processes during the health crisis. “We Twenty-one percent of all fraud attacks were waged on mobile transactions in the first half of the year, and 37 percent of them originated from mobile devices. “We

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PYMNTS

SEPTEMBER 18, 2017

And, in the case of Equifax, they make that consumer data vulnerable to compromise — an egregious lapse in security for a company that is, above all, an information and data repository.

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CB Insights

NOVEMBER 9, 2017

And then there were some uncommon and more dramatic causes of failure, including: Financial fraud. The startup, which was established in 2008, privately raised $185 million before its $100 million initial public offering was blocked by the Australian Securities Exchange last year. A most-wanted founder. via Business Insider.

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