article thumbnail

How B2B Payments Fraud Hides Within The Enterprise

PYMNTS

When it comes to B2B payments fraud, it’s not a matter of if it happens, but when. Speaking with Karen Webster in a recent interview , OnPay Solutions President and CEO Neal Anderson explained that organizations have to prepare themselves to mitigate the fraud threat, even as employees work from home. ” $4.13 ” $4.13

Fraud 328
article thumbnail

Kount, FreedomPay Join Forces To Offer Payments Platform, Fraud Prevention Package

PYMNTS

Fraud protection specialist Kount and Philadelphia-based payments platform FreedomPay are teaming up to offer “an integrated, complete solution to enable international expansion with fraud-free payments and frictionless customer” experiences.

Fraud 174
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 Ticketmaster Uses AI To Sort Fans From Fraudsters

PYMNTS

Cybercriminals are thus increasingly turning to online platforms to perpetuate card-not-present (CNP) fraud. The new Digital Fraud Tracker highlights the emerging fraud trends as well as the latest solutions and strategies that companies are embracing in an effort to protect themselves and their customers.

Fraud 151
article thumbnail

B2B Fraudsters Find New Twists In Old Scam Favorites

PYMNTS

Fraud never sleeps, and the corporate finance department cannot afford to stay behind on the ever-changing strategies of fraudsters. Mixing Internal and Internal Fraud. However, the case is also a unique instance of fraud stemming from both within an organization and from a third party. percent for small banks.

Fraud 157
article thumbnail

NJ Lawmakers: Brick-And-Mortars Must Accept Cash

PYMNTS

The bill, which is set to go before the full state Senate, excludes retailers inside airports from the cash requirement, as well as sales made online and by telephone or mail. Additional violations would fall under the consumer fraud act, which means retailers could face penalties of up to $20,000.

NJ 133
article thumbnail

Wyze Smart Device Co Leaks 2.4M Customers’ Data

PYMNTS

The leak was the result of an internal database — the Elasticsearch system — being unwittingly exposed online, Wyze Co-founder Dongsheng Song said in a forum post first published on Dec. Massive data breaches are becoming more common as more information moves online and to databases. million customers from Dec. he said in the post.

Data 131
article thumbnail

How QSRs Enable Digital Options With Rapid Order-Ahead Growth

PYMNTS

The release also noted, “Additionally, restaurants will have a simplified look into their in-store, online, and delivery orders all in one unified location.”. In fact, more than half of the companies that were polled in IDology’s Sixth Annual Fraud Report experienced a mobile fraud increase.

Mobile 116