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Today In Payments: NYC Taxi Commission Accused Of Fraud; Apple Considers Letting Users Change Default Apps

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Also, Samsung production in Vietnam could stall due to the coronavirus. NYC Taxi Commission Accused Of $810 Million Fraud. Samsung Production Backlogged In Vietnam Due To Coronavirus. The coronavirus epidemic’s impact on Vietnam’s supply chain could stall production of the latest Samsung smartphones.

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Startup Riskified Seeks $200M To Fight eCommerce Fraud

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An Israeli startup that creates anti-fraud services that deal with online transactions wants to raise $200 million for expansion, according to a report in Bloomberg. Fraud is becoming an increasingly more common problem in the eCommerce sector, and is estimated to cost merchants about $130 billion over the next five years. “At

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Deep Dive: How Securing Customer Onboarding Can Curb Negative Option Billing Subscription Creep

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This increasingly sophisticated group poses a growing and costly headache to those who value the model, forcing businesses to spend billions on fraud-fighting technologies. Preventing fraud with seamless and secure onboarding solutions is key. million fraud reports in 2018, resulting in $1.48 trillion a year.

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Bitcoin Daily: SIMBA Chain Lands $1.5M Blockchain Contract From US Air Force; Centra Tech Co-Founder Pleads In Crypto Fraud Case

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Robert Farkas, the 33-year-old co-founder of crypto project Centra Tech , has pleaded guilty in court to conspiring to commit securities and wire fraud, Coindesk reported. In Saudi Arabia, the Islamic Development Bank Group is developing a new blockchain-based smart credit management system.

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How Payments Security Drives Digital Transformation

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In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Payments Security As A Digital Business Enabler. Or watch its digital disruption.

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In 2019, Mobilize The Commercial Card: JPMorgan

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Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. That’s despite earlier 2018 analysis from Barclaycard that found travel managers have faced a 29 percent increase in requests among employees to pay by mobile wallet.

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Vesta’s Vista On The Merchant’s Fraud Challenge

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At the same time, the risk of fraud has never been higher and is still increasing — and the true costs of card-not-present fraud hit both the top and bottom lines of retailers simultaneously, while doing damage to reputations as well. When it comes to fighting fraud, there is a two-tiered model that is emerging.

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