PYMNTS

JUNE 14, 2018

The Securities and Exchange Commission’s (SEC) leading authority on bitcoin, cryptocurrency and initial coin offerings (ICOs) has ruled that some well-known cryptocurrencies like bitcoin and Ethereum are not securities. As such, they can expect to come under the regulatory control of the SEC and relevant securities laws.

Bitcoin 159

Bitcoin Security San Francisco cryptocurrency 159

PYMNTS

MAY 10, 2019

Following a claim of fraud by a short seller, shares in eCommerce firm Jumia fell by almost 25 percent by midday New York time on Friday (May 10) and traded at $20.30 Some of the brands in its lineup encompass travel booking service Jumia Flights, online takeout service Jumia Food and classified services Jumia Deals.

Fraud 124

Fraud New York Report Security 124

PYMNTS

APRIL 25, 2019

The phrase “what you see is what you get” is becoming particularly relevant to the growing homesharing market. Security and the Homesharing Platform. Trust is essential when it comes to online booking, and if homesharing platforms can’t engineer that trust among its users, they won’t be able to compete.

Security 100

Security Data Regulation Mobile 100

PYMNTS

JULY 10, 2019

Digital platforms facilitate everything from online shopping to ridesharing to booking a hotel. These platforms promise fast, seamless transactions, which most deliver – but when platforms focus on reducing friction for users, it can backfire and create new vulnerabilities to fraud. Only chargebacks are factored in by more (87.2

Fraud 140

Fraud Strategy Study Comparison 140

PYMNTS

JANUARY 31, 2020

Travel industry services are catering to the thousands of millennial and Gen Z travelers who are booking big trips by augmenting their platforms with online and mobile support. Travel platforms are enabling more online bookings than ever, and 83 percent of U.S. Merchants Need To Rethink Booking.

Industry 168

Industry New York City Online Security 168

PYMNTS

JUNE 24, 2020

Within days, Braun, 50, was arrested on charges of accounting fraud and market manipulation. Neil Campling, an analyst at Mirabaud Securities, told CNBC that the transaction was structured in such a way that SoftBank took no financial risk. billion euros ($2.1 A KPMG audit was conducted for Wirecard last fall.

Fraud 262

Fraud Groups Report Security 262

PYMNTS

AUGUST 1, 2019

Stitch Fix Kids , for example, sends out a selection of kids’ clothing each month, while GiftLit focuses on curated children’s books. Such boxes represent a small segment of the broader subscription market, but they face the same challenges, including fraud attempts like card-and-wallet tests and account takeovers (ATOs).

Security 108

Security Cards Fraud Survey 108

PYMNTS

JUNE 26, 2020

According to auditor Ernst & Young (EY) , German payment processor Wirecard knowingly gave false statements and was in the midst of “elaborate and sophisticated fraud involving multiple parties around the world” in regards to $2.1 billion on its books that may not exist. The matter concerns the $2.1

Fraud 256

Fraud National Company Marketing 256

PYMNTS

MARCH 5, 2019

In an interview with PYMNTS, Marie Perrin-Largilliere, senior manager of global product marketing at HomeAway, got a bit more granular on how the firm seeks to engage both sides of the transaction. She stated, too, that a fraud detection team is tasked with watching for and preventing account takeovers. A “Test and Learn” Approach.

Regional 148

Regional Mobile Security Fraud 148

PYMNTS

JUNE 21, 2019

Former Barclays boss John Varley has been acquitted in a fraud trial regarding payments made to Qatar while the financial crisis was in full swing, according to a report by the Financial Times. billion but that the deal was not disclosed properly to the market or other investors, and that it secretly paid Qatar £322 million.

Fraud 108

Fraud Cards Capital Groups 108

FICO

DECEMBER 5, 2022

Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Our survey found that good fraud protection is paramount for customers - even though they themselves may exaggerate income or claims. A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 FICO Admin.

Survey 52

Survey Fraud Digital Banking social media 52

PYMNTS

MAY 8, 2019

PYMNTS readers might recall that late last year, FreightRover secured $500 million in financing to fuel its factoring operations, with the capital coming from Crayhill Capital Management. Williams reportedly was president of a Celadon subsidiary called Quality Companies during the period of alleged fraud. Fraud Allegations.

Fraud 135

Fraud Report Indianapolis Leadership 135

PYMNTS

JULY 31, 2020

which admitted booking millions of dollars in nonexistent sales, The Wall Street Journal reported on Friday (July 31). The revelations came shortly after Luckin was listed on the NASDAQ stock market. Securities and Exchange Commission (SEC) is investigating Luckin, which is domiciled in the Cayman Islands.

Regulation 151

Regulation Fraud Report Security 151

PYMNTS

SEPTEMBER 15, 2020

Trust is essential for consumers booking a stay at an Airbnb or a Lyft to the airport. They must reassure customers they are safe from viral contagion in sharing economy spaces while ensuring their personal data is secure from rising incidents of fraud. Around The Digital Identity Ecosystem.

Report 206

Report Los Angeles Fraud Utah 206

PYMNTS

SEPTEMBER 6, 2019

Verifying Digital Identity In The Sharing Economy , PYMNTS examines how consumers use sharing economy platforms in their everyday lives and how those platforms are taking measures to defend against digital fraud and identity theft. Especially when a marketplace operates in multiple markets worldwide. How Do Platforms Authenticate?

Security 125

Security Data Online Regulation 125

PYMNTS

DECEMBER 12, 2019

Fraud, Payment Regulations Are Affecting Seamless Payments. Outdoorsy users looking to rent their RVs list them on the online platform for local renters to book. Renters pay upon booking trips, and owners receive their payments once trips have begun. Payments Are Critical to Consumer Trust.

Payments 137

Payments Fraud Regulation Innovation 137

PYMNTS

NOVEMBER 17, 2020

Airbnb filed its S-1 with the Securities and Exchange Commission (SEC), which gives a peek into the financials of the company, of course, but also the rental platform’s view of its own competitive landscape. 16) released its prospectus to debut on public markets. Airbnb on Monday (Nov. The Platform Model: The company had 5.6

Course 172

Course America Survey Marketing 172

FICO

JULY 30, 2019

Before getting started, CSPs should determine who “own”’ and is accountable for subscription fraud. Is it the fraud team? Also, is there a clear and agreed fraud risk appetite that has exec sponsorship and is agreed by all stakeholders? In part, this is due to the ever-changing nature of fraud. Credit risk?

Fraud 52

Fraud How To Analytics Analysis 52

PYMNTS

JULY 6, 2020

Wirecard continues to dominate the headlines in the realm of corporate fraud thanks to $2 billion missing from the company’s books, but it’s not the only company at the center of questionable activity. With the global pandemic continuing to cause market disruptions, the opportunities for fraudsters remain on the rise.

Fraud 148

Fraud Missouri California Report 148

PYMNTS

JULY 2, 2020

billion Wirecard AG fraud fiasco. Auditors should be required “to find fraud rather than stumble over it,” Donald Brydon , appointed last year to overhaul audit standards in the United Kingdom, told the Financial Times. Many are now debating the role of auditors in fraud mitigation.

Fraud 142

Fraud Regulation Payments Report 142

PYMNTS

FEBRUARY 28, 2019

They must also excel at securely handling payments and personal data, while recommending services at the right moment to enhance transactions along the way. Platforms need to pay careful attention to fraud across dozens of markets, meaning the ability to detect and manage fraud will only become more crucial as the sharing economy grows.

Payments 183

Payments User Experience Training Case Study 183

FICO

JULY 30, 2019

There are a number of controls and tools that leading CSPs are putting in place to reduce financial losses from subscription fraud , the topic of my last two posts. Before getting started, CSPs should determine who “own”’ and is accountable for subscription fraud. Is it the fraud team? Credit risk? Revenue assurance?

Fraud 40

Fraud How To Analytics Analysis 40

PYMNTS

JUNE 23, 2020

In today’s top news, former Wirecard CEO Markus Braun was arrested Monday night over the firm’s recent accounting fraud scandal, and Airbnb’s CEO is again mulling a potential initial public offering (IPO). Airbnb CEO Sees Potential For 2020 IPO Amid Bookings Rebound. Plus, Amazon’s Big Style Sale runs this week.

Payments 159

Payments Survey Innovation Fraud 159

PYMNTS

SEPTEMBER 17, 2018

Online travel booking platforms, which promise to provide travelers with a simpler way to book and pay for reservations, aren’t immune to these pain points. Building An Intuitive And Secure Experience. Fraud and compliance are challenges facing all eCommerce marketplaces,” he said. The Future Of Travel Payments.

Data 122

Data Analytics Security Payments 122

PYMNTS

JUNE 13, 2017

Emirates Islamic is reportedly planning on using a combination of QR codes and blockchain technology to enhance protection from fraud of paper checks. According to a report , Emirates Islamic plans to issue new check books, dubbed Cheque Chain, that include a unique QR code on each page as well as a string of 20 characters that are random.

blockchain 124

blockchain Fraud Security Report 124

PYMNTS

JANUARY 22, 2019

We all remember cramming — all that coffee and/or soda, all those books, notes and ink stains. Maybe one day, quick-service restaurant ( QSR ) operators will look back upon 2019 as their cramming experience when it comes to digital security and fraud prevention. Fraud Prevention Optimism. Heck, yeah!”. Investment Risk.

How To 144

How To Fraud Online Mobile 144

FICO

JANUARY 4, 2023

FICO global survey finds customers want better fraud protection and more security from their digital banking channels. FICO’s 2022 consumer banking fraud survey shows that customers are split in their thinking on when they sufficiently trust a digital channel to apply for a new account, loan, or credit card. . FICO Admin.

Fraud 52

Fraud Survey Security Digital Banking 52

Abrigo

JUNE 23, 2020

We understand the trust you put in us when you use our BSA/AML and fraud software and we make the same investment in your program’s success. Fraud Prevention. Fraud Trends. BSA Market Update – 5 Things You Need to Know in COVID-19. Fraud Prevention. A dedicated team. We’re here for you. Learn More.

Software 195

Software Community Fraud Resources 195

PYMNTS

OCTOBER 3, 2019

Prophix is another company that recently rolled out its own addition to the B2B virtual assistant space, having launched its Virtual Financial Analyst for middle-market finance departments. Take the monthly book close, for example. in particular. This, of course, is the goal, however the reality can be less straightforward.

Tools 139

Tools Data Security Fraud 139

PYMNTS

NOVEMBER 9, 2018

It was another busy week for B2B FinTech startups, with globally and vertically diverse companies securing new funding for their enterprise-targeting tools. The big news of the week comes from TripActions , a corporate travel solutions provider that secured unicorn status with its latest fundraise (the largest in this week’s breakdown).

Software 158

Software North Carolina Capital San Francisco 158

PYMNTS

MARCH 20, 2019

T he new Digital Identity Tracker highlights the latest authentication solutions that are enabling seamless and secure authentications in the Internet of Things (IoT), banking, telecom and healthcare markets. Microsoft , for one, is working to improve the security of mobile devices. Around the Digital Identity World .

Security 139

Security User Experience Mobile Marketing 139

PYMNTS

JANUARY 22, 2019

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising. 3D Secure 2.0

Payments 195

Payments Regulation Security Data 195

PYMNTS

JANUARY 22, 2019

We all remember cramming — all that coffee and/or soda, all those books, notes and ink stains. Maybe one day, quick-service restaurant ( QSR ) operators will look back upon 2019 as their cramming experience when it comes to digital security and fraud prevention. Fraud Prevention Optimism. Heck, yeah!”. Investment Risk.

How To 108

How To Fraud Mobile Online 108

PYMNTS

JANUARY 30, 2020

Ridesharing giant Uber is also exploring new ways to expand its market footprint. But these offerings are often not enough to encourage customers away from booking aggregators, forcing these providers to lean on different tactics to get ahead. How AI Can Help With Consumer Onboarding Security. About the Playbook.

Miami 132

Miami social media Case Study Chicago 132

PYMNTS

JULY 3, 2017

Even in the quiet seasons, the online travel market is susceptible to the trade winds, and they don’t always blow in agents’ favor. But that’s not such good news for the agents, and some may opt to introduce booking fees or other incentives to discourage customers from using cards. The Rise of CNP Fraud. Consumer Protection.

Online 112

Online Payments Fraud Cards 112

PYMNTS

MARCH 4, 2019

B2B eCommerce market is soaring. These platforms aim to provide streamlined shopping experiences for corporate customers, allowing them to find services, compare prices and make purchases or bookings in one spot. It includes automatic chargeback management, merchant account creation capabilities, anti-fraud tools and more.

Management 121

Management Fraud Marketing Payments 121

PYMNTS

JANUARY 9, 2020

When Sabre and Visa announced a new partnership in April to pair Visa virtual commercial cards with the Sabre Virtual Payments gateway , the goals were fairly big: create a virtual B2B travel payments solution that was faster, more secure and more transparent for buyers and suppliers. Securely Streamlining Payments .

Cards 143

Cards Payments Security Data 143