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Not Down For The Count, Cash Still Counts For Plenty

PYMNTS

In the latest webinar series, PYMNTS’ Karen Webster jumped into the findings of the Global Cash Index, gaining a sense of the story behind the numbers in the United States and the Americas in general. Cards are perhaps proving a sticking point in the move toward electronic payments. Keep a lid on the casket talk.

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5 Ways Your Transaction Monitoring System Can Detect Covid-19 Related Fraud

Abrigo

As with any global or regional disaster, illicit actors are taking advantage of the increased pool of possible victims. Advisories from the Financial Crimes Enforcement Network (FinCEN) and other federal and state agencies address the increase in the number of reported fraud cases tied to the pandemic. Card Fraud. Card Fraud.

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After A Century, Barclays Steps Back From Africa Operations

PYMNTS

The decision to pare back operations in Africa — where the company will sell off much of its 62 percent ownership in publicly traded Barclays Africa — represents what The New York Times said was a step back from one of the key pillars of Barclays’ long-term strategy, right in lockstep with credit cards and investment banking.

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5 Ways Your Transaction Monitoring System Can Detect COVID-19 Related Fraud

Abrigo

As with any global or regional disaster, illicit actors are taking advantage of the increased pool of possible victims. Advisories from the Financial Crimes Enforcement Network (FinCEN) and other federal and state agencies address the increase in the number of reported fraud cases tied to the pandemic. Card Fraud. Learn More.

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Does Apple Pay Growth Signal Contactless Transit Boost?

PYMNTS

Contactless as a way to pay in the United States hasn’t gained much traction so far,” reads one recent, and common, observation. What about low-income consumers who depend on trains and busses but do not have the proper smartphones or chip cards? Yet the payment method might finally get the jolt it needs to go mainstream.

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How Prepaid Cards Played A Role In El Chapo’s Global Drug Operation

PYMNTS

Prepaid debit cards are playing an important role. Eventually, the organization had to rely on prepaid debit cards, specifically for moving money from “New York to Colombia and Ecuador to buy more cocaine.” After the cards arrived in South America, the cartel hired workers to withdraw the money from ATMs.”. Too Much Cash.

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Use Cases And Business Opportunities Stemming From Open Banking (4/4)

Lars Markull

In the past three blog posts, we have described what is driving open banking, the history of Open Banking, and the current status of Open Banking in different regions. Account transaction history for transactional accounts (such as current accounts, credit cards, loan accounts and more). Bank account number. Account balance.