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AI/BOTS: Machine Learning Tips Online Fraud Scales

PYMNTS

Within the retail industry specifically, artificial intelligence (AI) is moving the ball for a lot of merchants looking to not only streamline their business operations but provide a more personalized experience for consumers. In 2016, online financial fraud hit 15.4

Fraud 196
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Microsoft Issues Emergency Internet Explorer Security Update

PYMNTS

Microsoft issued an emergency security update for Internet Explorer after hackers were able to exploit a new flaw in several versions of the browser. Unfortunately, the security issue come right before what is expected to be the biggest shopping day of the year: the Saturday before Christmas.

Security 179
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FTC Refunds $12M To Consumer Victims Of Bogus Online Trial Memberships

PYMNTS

The FTC alleged the Utah-based company operated deceptive trial memberships and bogus government grant and money-making schemes in 2010. More than 147,000 consumers who were scammed by I Works are getting full refunds totaling $12 million, the Federal Trade Commission (FTC) announced Monday (May 18). will receive their refunds via PayPal.

Online 179
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Google, FBI, Cybersecurity Firms Shut Down Online Ad Fraud Scam

PYMNTS

According to a report in The Hacker News , the fake clicks were used to trick online advertisers for years and make tens of millions of dollars as a result. According to the report, 3ve (pronounced “Eve”), which is what the group called its online ad fraud campaign, was active since 2014 but could have been around for longer.

Google 128
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Intuit Secures Bitcoin Payment Patent

PYMNTS

Business software company Intuit has secured a patent for bitcoin payment processing, according to Coindesk reports on Thursday (Aug. Intuit, which operates the business accounting software tool QuickBooks, has also been focusing on its payments service since launching Intuit Payments several years ago.

Bitcoin 104
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India Closes 2016 On Top

PYMNTS

FinTech is no stranger to this pattern, and while venture capital levels have seemed to dwindled in certain markets (analysts found VC funding down by 29 percent in 2016 compared to last year), B2B startups remain the apple of many investors’ eyes. Reports last Friday said the company secured $20.8 Supply Chain Management.

Capital 124
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U.S. Regulations to Consider When Managing a Cryptocurrency Fund

Perficient

We’ll then move to the federal level, seeking regulatory guidance as to whether digital tokens are securities under the jurisdiction of the U.S. Securities and Exchange Commission (SEC) or commodities contracts over which the Commodity Futures Trading Commission (CFTC) has regulatory jurisdiction. State Regulations.