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How important is a social media community in banking?

Abrigo

Much like the internet was once considered a fad, the same was said not so long ago about social media. The social network truly connects people. That’s slightly more active users than there are people in Indonesia, the world’s fourth most populous country (behind China, India and the United States).

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Prevent pig butchering scams: Safeguarding against investment fraud

Abrigo

Pig butchering scams originated in Southeast Asia and have escalated significantly in the United States. A scam usually begins with online contact via social media or dating apps. Today’s pig butchering scams usually involve investment schemes and cryptocurrency fraud.

Fraud 195
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Banks Reinforce Protections As Cybercriminals’ Tactics Evolve

PYMNTS

Leslie Ragan manages transaction fraud prevention for Elan Financial Services , a unit of U.S. Bank , one of the largest commercial banks in the United States. She pointed to Elan Financial Services as leveraging a comprehensive fraud strategy for the benefit of the FI clients for which it provides card-issuing services.

Fraud 295
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Online Food Delivery Is Having A Bright Moment — But Clouds Are Gathering

PYMNTS

India-based online food ordering and delivery platform Swiggy has reportedly spent about $7.3 million to buy Scootsy , another Indian firm that offers online food delivery services. That said, online food delivery is having its moment. Evidence of that growth comes from the United States, as demonstrated by recent Q2 earnings.

Online 106
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Elder Financial Exploitation During a Pandemic: An Issue We Can’t Forget

Abrigo

As the coronavirus pandemic takes a powerful hold on the United States, illicit activity such as cybercrime, check fraud, and other scams are rapidly increasing and is expected to continue throughout this difficult period. Ignore online offers for vaccinations.

Fraud 335
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Kobe Bryant, Virtual Cards, Self-Service Technology Top This Week’s News

PYMNTS

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank Is Doing to Drive Virtual Card Adoption. Accounts payable (AP) professionals and vendors still have reservations about adopting virtual cards despite their many benefits.

Cards 131
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Framing Smartphone Memories Via Mobile Apps

PYMNTS

Keepsake accepts major credit cards or Apple Pay for payment and uses Stripe on the backend. It is currently available in three countries: Canada, Australia and the United States. Like many companies, Keepsake reaches its market through social media. Gift Cards. Payments and Logistics.

Mobile 141