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Taking A Customer-Centric Approach To Fighting Fraud

PYMNTS

Social distancing mandates during the COVID-19 pandemic have advanced banking’s trend toward omnichannel operations. Banks that know their customers’ normal transaction activities will be better able to recognize when actions indicate ATOs, card thefts or other crimes.

Fraud 139
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BEC Attacks Surge As Fraudsters Eye Pandemic Opportunity

PYMNTS

In a statement, Crossland Managing Director Beverly Sunderland said the tactic is “potentially making the company money and so increasing their profits, and the government will pick up 80 percent of the employee’s wage and. could potentially foot a bill of billions in fraudulent furlough wage claims.” ” The U.K.

Fraud 148
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BEC Run Out Of Detention Center Nets Millions

PYMNTS

As for the locale: Search warrants, noted by ZDNet , were served on those individuals in an immigration detention center, yielding 16 mobile phones, various SIM cards and a number of electronic storage devices. He and an accomplice operated from Nigeria, targeting the U.S., New Zealand and a number of other countries.

Idaho 153
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The AP Approach Behind Ethically Sourced Chocolate

PYMNTS

Ensuring smooth transactions and managing payment flows to suppliers worldwide can be challenging for small- to medium-sized businesses ( SMBs ) — even without the pandemic dialing up the difficulties. Missouri-based Askinosie Chocolate , which has sold ethically sourced confections since 2007, has been tackling such challenges.

Missouri 204
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Chapter 11 Watch: Hockey Chain Put On Ice, California Livin’ Goes Bust In Hong Kong

PYMNTS

Louis Business Journal is reporting that Missouri-based hockey equipment supply chain Total Hockey has filed for bankruptcy as of Wednesday (July 6). However, some retailers prefer to play cards of the kind as close to the corporate chest as possible. million bill for alleged unpaid wages to JV Fitness’ staff comes due.

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Core Unicorn Deals Rattling the Future of Financial Technology

Gonzobanker

Finally, it’s likely Fiserv didn’t view this deal as cannibalization of existing core as much as it widens the company’s market to non-traditional players and may even provide additive opportunities to Fiserv clients seeking to transform by creating a challenger division to innovate around their current bank operations.

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Uber’s Rough Ride Of A Week

PYMNTS

The day before, the news broke that cybercriminals had managed to steal the data of 57 million customers and drivers. All in, hackers managed to nab names, email addresses and phone numbers of 50 million Uber riders around the world, as well as the data of about 7 million drivers, which includes 600,000 U.S.

New York 144