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Fraud, New Payment Trendsetters And Voice Dominate Week’s News

PYMNTS

Plot Thickens as FBI Probes Alleged MyPayrollHR Fraud. News came at the end of the week that the FBI and the New York State Department of Labor are investigating allegations that MyPayrollHR , which abruptly shut down earlier in the month, diverted millions of dollars into its coffers that should have gone to employees.

Fraud 108
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Trust And Speed Light A New Path To Omnichannel Retail

PYMNTS

Titled “Why the Future of Merchant Payments Requires a Digital-First Approach,” the webinar generally revolved around questions related to the development and ongoing rise of omnichannel commerce — already a major topic in the payments and commerce world in these first weeks of the new year. Trust Issues.

Retail 137
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Deep Dive: Why State And Local Agencies In The US Still Struggle With Instant Payments

PYMNTS

New York offers retirees direct deposit for disbursements, for example, and agencies in Idaho now facilitate digital payouts for child support payments. Fraud Issues Stemming From Paper Check Use. Check fraud affected 70 percent of U.S. Forty-four out of the 50 U.S.

Payments 130
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As Classic Video Games Turn Into Collectibles, Can eCommerce Keep Up?

PYMNTS

It seems that old-fashioned video games are that hot new item, assuming they are in pristine condition and come in factory packaging, according to a new report in The New York Times. Collectors say that multiple gold copies of Nintendo World Championships — only 26 were distributed, making it one of the rarest N.E.S.

Video 226
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Why Digital Marketplaces Must Anticipate Shoppers’ Needs

PYMNTS

The company recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange. billion – of funds were lost to card fraud in 2018, up from $1.4 Just under $3 billion – or $2.7 billion in 2017. billion in losses around the world last year.

Apple 159
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Splitty Makes It Easier To Grab A Piece Of The Travel Industry

PYMNTS

Travel industry services are catering to the thousands of millennial and Gen Z travelers who are booking big trips by augmenting their platforms with online and mobile support. They can come to the site and book five nights in New York City, for example, and those stays could include parking services for just the first two nights, Shust said.

Industry 168
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Why Credit Isn’t Working For Financial Inclusion

PYMNTS

Individuals who may not have traditional access to credit, such as millennials, immigrants, the unbanked, etc., New York Attorney General Eric Schneiderman challenged the banks publicly to address this issue. Alternatively, completely stopping fraud would mean that a bank isn’t letting anyone in the door.

Fraud 100