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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. 923,533 was stolen from a food bank in Philadelphia via a BEC attack , according to recent reports in Info Security Magazine. PYMNTS breaks down the numbers behind the latest cases below.

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Tech Firm Nuvei’s Potential IPO Could Be Biggest Of 2020

PYMNTS

the Montreal-based payment technology company, is planning to file an initial public offering (IPO) in the U.S. Founded in 2003, Nuvei’s platform connects to all major payment card schemes worldwide, and supports more than 450 local and alternative payment methods and 150 currencies. Nuvei Technologies Corp. , technology IPOs.

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SEC Reduces Audit Rules For Smaller Firms

PYMNTS

The Securities and Exchange Commission (SEC) voted last week to ease audit requirements for some small, publicly traded companies, the agency said in a statement Friday (March 13). CEO of the Securities Industry and Financial Markets Association (SIFMA), has been in charge of the industry response to the outbreak. Kenneth Bentsen Jr.,

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Data Dive, Breaches And Security Blips Edition: Key Bank, Microsoft And Bulgaria 

PYMNTS

As temperatures nationwide heated up, the world of payments and commerce followed suit. Unfortunately, also adding heat this week was the world of fraudsters and hackers – with a few pretty sizable security blips and glitches. personal identification numbers with income, as well as healthcare and social security information.

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Darden Cyberattack Puts 567K Cards At Risk

PYMNTS

Darden Restaurants announced Wednesday (August 23) that the data on 567,000 payment card numbers may have been exposed. The company said payment card information — including card numbers — from visitors who went to the restaurants from Nov. 3, 2017, through Jan. 2 2018 may have been affected.

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Leader of PA AG’s Consumer Financial Protection Unit describes active agenda in Ballard Spahr webinar

CFPB Monitor

Nick also reported that since joining the unit, it has entered into nine Assurances of Voluntary Compliance, Pennsylvania consumers have received approximately $34 million in restitution, and companies have paid approximately $24 million in civil money penalties and payments to the PA Treasury. .

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Stranger Summer Payments Things

PYMNTS

Where they have security cameras. That crown might rightfully go to the brawl that broke out over the use of an electric scoote r at a store in Indiana. Once she had consumed her fill and gathered her incidental purchases, she went to check out and informed the cashier that she would only be buying half of the cake. Her rationale?

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