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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. Yet, analysts warn, as cross-border B2B payment volumes rise, so does the risk of fraud.

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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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Forever 21 Faces Lawsuit For Allegedly Using False Sales Data

PYMNTS

Retail chain Forever 21 , now in the final stages of bankruptcy, was sued by an Alabama mall owner who said the company misrepresented critical sale projections, according to published reports Tuesday (Jan. The retailer added the filing violates an automatic stay halting certain actions by creditors during a bankruptcy filing.

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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. As we reported just a few months back, this technology is set to disrupt the financial industry because it enables secure cross-border money transfers. In the U.S. From the U.K. receiving £3.6

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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. percent.

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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.