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Holiday Season Brings Corporate Payments Fraud Spike

PYMNTS

’Tis the season for corporate fraud? the FBI recently issued a warning for holiday shoppers of a new scam called eSkimming , in which cyber criminals hack into legitimate online retailer websites to steal shoppers’ credit and debit card details. In the U.S., In the U.S., More on that below.).

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Signifyd Data Shows Fraud Is Actually Declining

PYMNTS

Fraud isn’t perpetrated by a random assortment of individuals; it’s organized crime. It’s “fraud as a Service.” It’s a very unfair match, if you ask Skye Spear, VP of eCommerce fraud-fighting firm Signifyd. “I Classic fraud deflection is rules-based. Fraud is dynamic. It’s a business. percent in Q1 2017.

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Blockchain Tracker: Banks’ Experimentation With Blockchain Tech

PYMNTS

In the midst of today’s retail revolution, blockchain technology is being pushed up to the surface. Making purchases online has effectively taken a global economy and made it more localized due to the ability to click a few buttons and have practically anything delivered from anywhere in the world. In the U.S. In the U.S. From the U.K.

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The Digital Shift, Real-Time Payments, Stimulus Funding Top This Week?s News

PYMNTS

Retailers have rushed to enable a “contactless” payment experience to make them feel more comfortable shopping and checking out in their shops. Exclusive Data: Twenty-Five Percent of Consumers Say Retail, Online Grocery Digital Shift Will Stick . Terms of the deal were not made known. . The Rise Of Card-On-File Commerce.

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Banking Is Only The Beginning: 30 Big Industries Blockchain Could Transform

CB Insights

Ultimately, the use cases for a transparent, verifiable register of transaction data are practically endless — especially since blockchain operates through a decentralized platform requiring no central supervision, while still remaining resistant to fraud. Real estate.