Remove Cards Remove Compliance Remove Online Remove social media
article thumbnail

Prevent pig butchering scams: Safeguarding against investment fraud

Abrigo

A scam usually begins with online contact via social media or dating apps. Scammers build up a victim’s trust and gain access to their online account information, sometimes “fattening the pig” by soliciting more investment in cryptocurrency before “slaughtering the pig” and stealing the cryptocurrency.

Fraud 195
article thumbnail

The Facebook Files: Royal Bank of Canada, Facebook Differ On Why Bank Had Continuing Data Access

Bank Innovation

Royal Bank of Canada and Facebook today offered differing versions of why the social media company continued to give the bank extraordinary access to customer data after Facebook said publicly that it would stop doing so. RBC said Facebook allowed it access in order to “wind down” a payments app it first unveiled in 2013. […].

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Amazon’s Bitcoin Embrace And Cannabis Burgers Top The Week’s News

PYMNTS

Visa’s newest APIs will help those within the Visa ecosystem to create digital cards on demand and add digital services. Is Apple Card Already Changing Payments? Venmo, which is owned by PayPal, is reportedly settling on Synchrony Financial to issue the Venmo credit card. Welcome to the PYMNTS Weekender. We hope you enjoy.

Bitcoin 175
article thumbnail

Top News In Payments: The Fed Takes A Closer Look At Big Tech; Goldman CEO Denies Apple Card Credit Bias Claims

PYMNTS

People don’t know what’s true and what’s not, and what to believe,” he noted, adding that instead of uniting people, technology — like social media — is “splintering” them. Goldman CEO Denies Claims Of Apple Card Credit Biases. The probe would concentrate on tech firms that provide financial institutions (FIs) with data storage.

article thumbnail

Koble Reflects On What Trade Disputes Mean For B2B Matchmaking

PYMNTS

Understanding who one is doing business with is the first step to mitigating a myriad of risks, including non-compliance, non-payment, violated contracts and more. It’s not surprising, then, that for many businesses, the in-person networking events are more popular than online networking platforms.

Regional 188
article thumbnail

Fintech Deals to Watch: Back to School

Gonzobanker

Then, bad grades came in right as summer party season kicked off, mom and dad took away the car and credit card, and the Venmo transfers came to a screeching halt. Thankfully, there was still a smartphone and social media to commiserate. First, there was the drama leading up to the breakup with the rich hottie.

Fintech 184
article thumbnail

How Banks Are Using AI for Document Intelligence

South State Correspondent

Thus, if you are using document intelligence to review social media posts or survey results and a customer discusses “trouble opening an account,” the AI can infer that it is talking about a deposit account, not a loan or merchant credit account. Various Other Use Cases.

Training 448