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COVID-19 Sees More Online Grocers Accept EBT SNAP Payments For Food

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Online grocers are increasingly allowing underprivileged consumers to use EBT payments (the modern equivalent of food stamps) at a time when the pandemic has made going to the store too risky for many shoppers. The move by the two companies is just the latest initiative in a growing trend of EBT acceptance for online grocery shoppers.

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How Online Platforms Are ‘Gamifing’ Mobile Bill Payments

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Against that backdrop, Florida-based startup Adfone , which has developed a carrier loyalty and monetization platform, said last month that it had closed on a $7.5 The carriers preload the Adfone platform onto devices or SIM cards. “We’re million seed funding round.

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Why US Credit Card Fraud Complaints Are On The Rise

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Credit card fraud complaints in the U.S. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015. At the state level, the number of credit card fraud complaints were much more pronounced. Across the U.S.,

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FTC Reports Over 18K Fraud Cases Linked To Coronavirus

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The FTC says the top categories of these scams entail travel and vacation-related items, online shopping and bogus text messaging, along with “all kinds of imposters.” According to the FTC, there have been 18,235 reports of fraudulent activity or fraud attempts related to the coronavirus since Jan. In total, people have lost $13.44

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How US Mobile Leverages Digital Identity To Protect Against SIM Swap Fraud

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Digital identity has become a crucial part of the telecommunications industry as the proliferation of smartphones and the personal data they hold makes security paramount. Multifactor authentication (MFA) has become commonplace for online accounts, with users confirming their identities via text messages sent to their phones.

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How FIs Adapt Fraud Detection During Times Of Behavioral Upheaval

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Financial institutions can keep customers safe by accurately determining when attempted transactions are legitimate versus when they are being made by fraudsters who have stolen customers’ cards or taken over accounts. You’re really wanting to start with almost a brand new transaction history.” .

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How The Pandemic Makes 90-Day Customer Histories A Fraud-Fighting Weakness

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Financial institutions (FIs) are therefore expected to offer more contactless cards this year and some are also unveiling services intended to help consumers easily add cards to their digital wallets. consumers to shift as much as $100 billion in annual spending from credit to debit cards. Around the Next-Gen Debit World.

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