article thumbnail

Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes

PYMNTS

But the BEC scam is not the only kind of business payments fraud plaguing firms today. This week's B2B Digest looks at how corporate finance scams come in all shapes and sizes, from employee expense fraud to invoice falsification. PYMNTS breaks down the numbers behind the latest cases below.

Fraud 228
article thumbnail

Deep Dive: How Fraud Runs Rampant In Mobile Ordering

PYMNTS

A QSR Magazine study found that 73 percent of diners have used mobile ordering, 63 percent have at least one mobile ordering app on their phones and 35 percent use mobile ordering every time they visit QSRs. Mobile order-ahead fraud is so widespread and difficult to stop because it is conducted remotely.

Fraud 167
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Mobile Wallets Could Bring Security To Shoppers

PYMNTS

From fuel pumps to convenience stores (C-stores), many consumers worry about the security of their personal financial information. adults are concerned about the security of their financial data when making payments at these venues. Mobile wallets , however, have advantages that span from convenience to security. percent.

Security 140
article thumbnail

UK Businesses Could Front The Bill For Bank Fraud

PYMNTS

has put forth proposals that would require the customers of banks – not the banks themselves – to cover the cost of fraud. It’s a major turnaround from an industry that routinely covers the cost of fraud whether the customer or the bank is at fault. As the fallout over SWIFT’s cyber breaches continues, the U.K.

Fraud 100
article thumbnail

Pizza Hut Gets Hit With Breach

PYMNTS

16) news reports from QSR magazine shared that yet another well-known brand has recently been hit with a cyberattack. QSR magazine described Pizza Hut’s cyberattack as a “temporary security intrusion.” Monday (Oct. The breach allegedly put any customer of the Yum!

Branding 135
article thumbnail

Fraudsters Try New Spins On The BEC Scam

PYMNTS

New analysis from Bank Info Security , for instance, revealed that BEC scammers have begun to target corporates’ financial documents from accounts receivable departments to identify unpaid invoices, as well as information regarding Days Sales Outstanding and clients. The Business Email Compromise (BEC) continues to evolve.

Fraud 178
article thumbnail

The Finanser’s Week: 3rd July – 9th July 2017

Chris Skinner

This week’s main blog headlines are … The Top 1000 banks in the world I’ve written a column for The Banker magazine for the last 15 years and, during that time, have collected their special July edition each year. Every July The Banker publishes their analysis of the Top 1000 banks in the world.

Cards 171