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Holiday Season Brings Corporate Payments Fraud Spike

PYMNTS

’Tis the season for corporate fraud? the FBI recently issued a warning for holiday shoppers of a new scam called eSkimming , in which cyber criminals hack into legitimate online retailer websites to steal shoppers’ credit and debit card details. In the U.S., In the U.S., More on that below.).

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Signifyd Data Shows Fraud Is Actually Declining

PYMNTS

Fraud isn’t perpetrated by a random assortment of individuals; it’s organized crime. It’s “fraud as a Service.” It’s a very unfair match, if you ask Skye Spear, VP of eCommerce fraud-fighting firm Signifyd. “I Classic fraud deflection is rules-based. Fraud is dynamic. It’s a business. percent in Q1 2017.

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The Digital Shift, Real-Time Payments, Stimulus Funding Top This Week?s News

PYMNTS

The Rise Of Card-On-File Commerce. Retailers have rushed to enable a “contactless” payment experience to make them feel more comfortable shopping and checking out in their shops. With an absence of contactless card penetration in the U.S., With an absence of contactless card penetration in the U.S., Trackers And Reports.

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Banking Is Only The Beginning: 30 Big Industries Blockchain Could Transform

CB Insights

Ultimately, the use cases for a transparent, verifiable register of transaction data are practically endless — especially since blockchain operates through a decentralized platform requiring no central supervision, while still remaining resistant to fraud. Gift cards and loyalty programs. Cybersecurity. Real estate.