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Travelex Attack Forces Shutdown Of Samsung Pay’s Cross-Border Transfers

PYMNTS

A New Year’s Eve ransomware attack on Travelex continued to affect global businesses and customers today, including multiple Samsung Pay users, according to reports. A company representative confirmed that Samsung Pay’s international transactions have halted as technicians continue their efforts to resolve the issue. ”

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Bitcoin Daily: SIMBA Chain Lands $1.5M Blockchain Contract From US Air Force; Centra Tech Co-Founder Pleads In Crypto Fraud Case

PYMNTS

The military’s need for tracking its multi-part, expensive operations has only increased with the introduction of 3D printing, according to Coindesk. Robert Farkas, the 33-year-old co-founder of crypto project Centra Tech , has pleaded guilty in court to conspiring to commit securities and wire fraud, Coindesk reported.

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Vesta’s Vista On The Merchant’s Fraud Challenge

PYMNTS

At the same time, the risk of fraud has never been higher and is still increasing — and the true costs of card-not-present fraud hit both the top and bottom lines of retailers simultaneously, while doing damage to reputations as well. But the bigger thing,” he added, “is that eCommerce is just growing.” percent.”. “And

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OTP Bots Are a Growing Threat: What Financial Institutions Need to Know

Abrigo

To illustrate how OTP bots operate, consider an example of a fraudster attempting to take over a victim’s online bank account and withdraw funds. Such information is available for a criminal operating a botnet or can easily be purchased on various Dark Web forums and markets. Fraud Prevention. Fraud Trends. Learn More.

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Deep Dive: How Securing Customer Onboarding Can Curb Negative Option Billing Subscription Creep

PYMNTS

This increasingly sophisticated group poses a growing and costly headache to those who value the model, forcing businesses to spend billions on fraud-fighting technologies. Preventing fraud with seamless and secure onboarding solutions is key. million fraud reports in 2018, resulting in $1.48 trillion a year.

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Will Smartphone Makers Cozy Up To Cryptocurrencies?

PYMNTS

That could be the emerging story when it comes to smartphones and cryptocurrencies, given Samsung’s recent entry in this area of digital payments. South Korea-based Samsung has indicated it wants to add more cryptocurrency support to that mobile device as well. Last November, the company launched its first product, the Finney handset.

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Today In Data: Smartphones As IDs, RBS Profits And Accounts Payable Payments

PYMNTS

Two dozen of the world’s largest mobile network operators (MNOs) have agreed to provide access to Mobile ID, a new verification by global identity verification service Trulioo. That data will be used to instantly verify those mobile device users around the globe with the aim of reducing fraud tied to account openings. billion loss.

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