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To Fight Fake IDs And Online Fraud, Know Thy Enemy Better

PYMNTS

They are able to use cutting-edge technology, black-market websites and top-level, nimble and well-secured global networks to work their craft. We have to accept some part of that [friction] for the online world. We are trying to take our offline ID and use it online.”. This is only likely to get worse.

Fraud 189
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Keeping Online Counterfeits Off Luxury Marketplaces

PYMNTS

Sales of counterfeit goods, particularly on third-party sites that facilitate transactions between individual buyers and sellers, have skyrocketed with the advent of online shopping. Online Luxury and the Importance of Authentication. trillion by 2020.

Online 118
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GE’s FX Payments Chief On Optimizing FX And Supply Chain Efficiencies

PYMNTS

At the start of this year, online commerce trends were following a similar trajectory to 2019: eCommerce sales were steadily growing, but they were still a fraction of those at brick-and-mortar stores. Then came the COVID-19 pandemic, triggering a massive shift online as stores closed and consumers grew wary about venturing out.

Payments 159
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Why Global Gig Workers Like Local Payments

PYMNTS

Though they may work as far as the other side of the world, remote workers still expect the same level of security, trust and speed in payments. Employers are, therefore, more heavily reliant on digital tools and technologies to accommodate this new online workforce. As the needs of the digital consumer change, so do security concerns.

Payments 147
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Verizon Enterprise Customer Data Hacked

PYMNTS

The enterprise unit of telecommunications company Verizon continues to deal with the fallout of hackers posting its customer contact data for sale online. According to Krebs on Security , Verizon Enterprise Solutions is aware that a seller on an underground cybersecurity forum advertised the sale of a database containing data from nearly 1.5

Data 100
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Can Retailers Push Back Against Surging Account Takeovers?

PYMNTS

Account takeovers are becoming bigger business for criminals — or, at least, the business of preventing account takeovers in the digital retail and payments realm is becoming an increasing focus of companies and security experts. Fraud Case Study. Account Takeover Growth. Account Takeover Growth.

Retail 118
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Inside TickPick’s Instant Payments Play

PYMNTS

With more competition in the ticket selling platform space than ever before, making sure that both buyers and sellers are satisfied and secure has become more and more important. To learn more about how IfOnly is innovating its platform as the modern experience economy takes shape, visit the Playbook’s case study.

Payments 165