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Holiday Season Brings Corporate Payments Fraud Spike

PYMNTS

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. million was allegedly stolen from a Pennsylvania municipality via an AP and payroll fraud , Delaware Online reported recently.

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Subscription Box Company Loot Crate Files For Chapter 11

PYMNTS

The company specialized in monthly fan boxes filled with shirts, gear and gadgets for the sci-fi and gaming culture, Chief Restructuring Officer Stuart Kaufman said in a court declaration filed in Wilmington, Delaware. Its credit card processor is also withholding customer billings. Kaufman said the company also owes more than $5.87

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Signifyd Data Shows Fraud Is Actually Declining

PYMNTS

“I would not want to be a merchant responsible for managing fraud today,” Spear told Karen Webster in a live online discussion on the topic held last week with an audience of online retailers. “It Spear once onboarded a client who refused to ship red couches to Delaware. Specifically Delaware. Specifically red.

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Companies ‘Pivoting To Blockchain’ See Huge Stock Spikes — But Does The Hype Hold Up?

CB Insights

Online retailer Overstock.com, which traditionally sells home goods, clothing, and beauty products, announced December 14 that it would look to sell or reorganize its retail business in order to focus on blockchain. Exchange: NASDAQ. Price: Peak post-announcement price: $70.00. Closing price 03/23/18: $45.20. NXT-ID INC.

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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

As a digitized, secure, and tamper-proof ledger, blockchain could serve the same function, injecting enhanced accuracy and information-sharing into the financial services ecosystem. Elections require authentication of voters’ identity, secure record keeping to track votes, and trusted tallies to determine the winner. Healthcare.