PYMNTS

SEPTEMBER 21, 2020

Consumers are using mobile apps’ order-ahead features and loyalty perks more often during the COVID-19 pandemic, yet chargeback fraud — also known as friendly fraud — is unfortunately also rising. Mobile ordering is at the center of business operations for Blaze Pizza and many fast casual dining chains today.

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Fraud Mobile social media Customer Experience 177

PYMNTS

JULY 10, 2020

Quick-service restaurants (QSRs) and others in the food service space are rapidly adjusting their operations during the pandemic, with many implementing new technologies online and in-store to ensure customers can seamlessly and safely place orders. Taco Bell’s Approach To Fostering Customer Loyalty And Fighting Fraud.

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Mobile social media Report Fraud 162

PYMNTS

JANUARY 1, 2021

As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms. The outcome, should it come in 2021, would shape how app store and other platforms operate, and whether they promote or hinder competition and innovation in various tech marketplaces. Beyond The Companies .

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Regulation social media Course Apple 352

PYMNTS

JULY 14, 2019

The Brazilian state of Bahia has rolled out a blockchain application to monitor the public bidding process of contracts with the government, Cointelegraph reported. Internal Revenue Service (IRS) may think about subpoenaing large technology firms in search of the unreported digital currency holdings of taxpayers, CoinDesk reported.

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PYMNTS

MARCH 20, 2020

Fraud attacks’ frequency and complexity will likely continue to rise despite merchants’ best efforts to prevent them. The Latest Fraud Decisioning Developments. Malware targeting computers running the Windows 7 operating system were especially hard-hit, rising 125 percent, according to the report.

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PYMNTS

OCTOBER 29, 2018

There may come a day, a generation or two from now, when stories about the data breaches and other hacking threats faced by payments and commerce operators in 2018 seem quaint — or, at the least, like relatively primitive foreshadowing of a new type of digital criminality. As a research report released on Monday (Oct.

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PYMNTS

AUGUST 20, 2020

A database of nearly a quarter-million YouTube, Instagram and TikTok public profiles that was held by a now-shuttered company called Deep Social has made its way onto the Dark Web, The Next Web reported on Thursday (Aug. ” Deep Social provided, among other things, social media data. A Wednesday (Aug.

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social media Data Security Operations 285

PYMNTS

JUNE 21, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level. Trackers and Reports.

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PYMNTS

OCTOBER 6, 2020

DBS Group and Standard Chartered are launching a digital trade finance registry along with 12 other Singapore banks, Reuters reports, with the idea being to help reduce the risk of fraud. The effort could be the answer to the estimated $1.5 But that, too, will depend on member participation, Lee said.

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social media Groups Fraud Operations 160

PYMNTS

DECEMBER 18, 2018

Twitter, the microblogging website operator, saw its stock tank in trading on Tuesday (Dec. While we cannot confirm intent or attribution for certain, it is possible that some of these IP addresses may have ties to state-sponsored actors,” the social media company said.

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social media cryptocurrency Security Bitcoin 148

PYMNTS

MAY 25, 2020

Banks are largely considered essential businesses and allowed to continue their operations, but it has hardly been business as usual for financial institutions. Digital fraud and other forms of financial crime are also on the rise due to the uncertainty and confusion surrounding the crisis. COVID-19-Related Fraud.

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PYMNTS

SEPTEMBER 11, 2019

Email often gets overlooked in the 2019 digital economy, given the higher levels of excitement attached to social media, video and other, more cutting-edge tools — to say nothing of the use of text as a communication tool. That figure, according to a new CNBC report , comes from the U.S. Fraud Trends. Fraud Crackdown.

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PYMNTS

JANUARY 21, 2019

A new report has revealed that Fortnite’s in-game currency is being used to launder money from stolen credit cards. According to a report by The Independent and cybersecurity firm Sixgill , a hacker will access someone else’s credit card information, and then use it to create a Fortnite account and buy V-bucks, which is the game’s currency.

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social media Cards Security Fraud 211

PYMNTS

FEBRUARY 20, 2018

When most people hear about online fraud, they tend to think about what Noa Kalechstain, Riskified ’s head of chargeback recovery, calls “classic fraud,” she explained in a recent conversation with PYMNTS. It has attained the status of “classic” because fraud using stolen financials is the most prevalent type.

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PYMNTS

OCTOBER 13, 2020

Department of Justice, which said in a report that rogue nations and other risks loom as exchanges are lightly (or not at all) regulated – making it difficult to, as the maxim goes, follow the money. In the report from the U.S. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year.

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cryptocurrency United States social media Regulation 206

PYMNTS

SEPTEMBER 28, 2020

The FinTech ecosystem within Saudi Arabia has been expanding steadily over the past decade, for example, with more than 60 FinTechs now operating, compared to the 20 companies operating within the country in 2019.

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Online Report Payments Regulation 151

PYMNTS

OCTOBER 25, 2018

after the Information Commissioner’s Office ( ICO ) ruled that the social media network operator was engaged in “serious breaches of data protection.” ” CNBC , citing the ICO, reported that the government watchdog alleged Thursday (Oct. Facebook got hit with a $644,600 fine in the U.K.

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social media Data Security Report 134

PYMNTS

FEBRUARY 16, 2020

Binance Holdings has applied for an operating license in Singapore under the country’s new payments legislation, which aims to be a comprehensive regulatory agency for digital currencies. Blockchain-based social media platform Steemit has partnered with the Tron foundation to bring users to Tron.

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PYMNTS

MARCH 22, 2020

Facebook is under fire in a new set of documents in a lawsuit, which allege the company knew for years that paid advertising services on the site were exaggerating and distorting the number of people who would see the ads, according to a report by the Financial Times. billion active users per month at the end of last year.

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social media Meeting Report Operations 141

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Here’s an excerpt of what Adam reported: 1. Synthetic Identities and Application Fraud. Innovative Customer Communications for Fraud.

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PYMNTS

DECEMBER 30, 2019

Microsoft is suing a mysterious North Korean hacking group called Thallium for allegedly stealing sensitive information, according to reports. Microsoft alleges that those individuals engaged in a cybertheft operation that targeted high-value computer networks. The suit targets two unnamed people who Microsoft claims work for Thallium.

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PYMNTS

AUGUST 30, 2019

Today in the payments news roundup, travel technology firm Amadeus is teaming with Visa’s CyberSource to bolster anti-fraud measures for the industry. Some of the restaurants have joined a movement with a popular social media hashtag of #logout. Also, Netflix turned 22 on Thursday (Aug. Square Inc.

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PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Square, for example, said in its latest earnings report that revenue from bitcoin trading came to $1.6 As reported, the company also said bought $50 million of bitcoin to hold on its balance sheet. Keeping An Eye On Fraud.

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PYMNTS

SEPTEMBER 11, 2019

In remarks to reporters this past week in Geneva, Switzerland, U.S. Treasury official Sigal Mandelker, who serves as undersecretary of the Treasury for Terrorism and Financial Intelligence, said cryptocurrencies that operate anywhere in the United States will have to comply with regulations that target fraud.

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social media cryptocurrency Regulation United States 116

PYMNTS

DECEMBER 6, 2018

Reuters , citing documents released by British lawmakers, reported that between 2012 and 2015 executives at the social media network operator — including chief executive Mark Zuckerberg — tracked how competitors were growing and then denied some access to user data that was available to other companies.

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Data social media Tools Video 116

PYMNTS

SEPTEMBER 8, 2020

The world of consumer credit and data isn't perfect, but it's gotten a lot better, and a lot of those improvements come from the requirements of the Fair Credit Reporting Act," Mack said in a recent conversation with Karen Webster. It's really governed a lot of the quality controls around consumer data. On Tuesday (Sept. On Tuesday (Sept.

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PYMNTS

JANUARY 17, 2020

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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PYMNTS

JUNE 5, 2019

Think of the Apple iPhone, and thoughts are likely to turn to matters involving social media, selfies, family photos, mobile commerce and even payments. The alleged theft ring operated in 34 states, but it remains unclear how many phones and legitimate customers were involved or impacted. Counterfeit Debit Cards.

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PYMNTS

AUGUST 11, 2017

FBI documents have revealed a global financial network run by a senior Islamic State official that funneled money to an alleged ISIS operative in the U.S. The affidavit indicates that several other alleged operatives had been arrested in Britain and Bangladesh. through fake eBay transactions.

US 106

US Maryland social media United States 106

PYMNTS

JULY 1, 2019

It is unknown how many people were tricked by the scam, but before Facebook took it down, the post had more than 37,000 social reactions, 8,100 comments and nearly 5,000 shares. Ignatov is accused of a conspiracy to commit wire fraud, a crime that could see him serve a maximum of 20 years in jail.

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Bitcoin blockchain social media New York 100

PYMNTS

JUNE 24, 2019

Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will boost its examination of digital currencies with an eye on money laundering.

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Regulation social media cryptocurrency United States 129

PYMNTS

AUGUST 30, 2019

Learn about new approaches to fighting fraud, debit cards for kids, the world that Netflix created and is now in danger of losing, and other topics. Visa: New Cyber Threats Require New Fraud Tools. The phenomenon of payments fraud is not a modern one — far from it. Trackers and Reports. Trade wars. Currency wars.

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Strategy Fraud social media United States 100

PYMNTS

NOVEMBER 15, 2017

According to news from Fortune , customer payment card information was compromised at certain point of sale devices in stores when the encryption on those devices was not operating. The company, which operates more than 815 stores in 57 countries, did not say which specific locations were affected.

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Los Angeles social media Millennials Retail 151

PYMNTS

APRIL 27, 2020

Employing professionals to build out AI solutions, integrate automation into customer flows, and develop blockchain-based offerings is costly, and banks that lean on these tools to attract customers without implementing the appropriate security protocols could find themselves plagued by fraud or faced with compliance challenges.

Digital Banking 248

Digital Banking Tools social media Mobile 248

PYMNTS

DECEMBER 19, 2018

Over the course of years, Facebook reportedly enabled some of the world’s biggest tech companies to access the personal data of users — which amounted to the social media giant exempting some businesses from the privacy rules its customers thought they were protected under.

Data 127

Data social media New York Apple 127

PYMNTS

JUNE 6, 2019

Dutch billionaire John de Mol, who created the reality TV program “Big Brother,” is suing Facebook for allowing fake ads which used his name and image to commit bitcoin-related fraud that swindled 1.7 De Mol’s lawyers accuse the social media giant of failing to prevent the ads, as well as not responding fast enough to complaints.

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Bitcoin ATM blockchain social media 135

PYMNTS

MAY 2, 2017

Facebook (FB) shares have hit record highs amid investor optimism on the social media giant’s upcoming Q1 earnings report. Along with Instagram’s 600 million users, these numbers bode well for Facebook’s peripheral growth in its upcoming earnings report. At the end of March , the U.S.

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