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Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes

PYMNTS

. $923,533 was stolen from a food bank in Philadelphia via a BEC attack , according to recent reports in Info Security Magazine. Philabundance, the region's largest food bank, was in the midst of renovating its kitchen when it received a seemingly legitimate invoice from one of its construction suppliers.

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Fides Hires Mark O’Toole to Head Sales and Strategic Business Development in North America

Bobsguide

We already have a solid base of clients and partners in the region, but having a strong presence on the ground in the United States will help us extend the reach of our industry-leading multibanking and payment solutions.”. “I am excited to have Mark onboard to drive Fides business growth in North America,” said Kaufmann.

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Fraudsters Try New Spins On The BEC Scam

PYMNTS

New analysis from Bank Info Security , for instance, revealed that BEC scammers have begun to target corporates’ financial documents from accounts receivable departments to identify unpaid invoices, as well as information regarding Days Sales Outstanding and clients. The Business Email Compromise (BEC) continues to evolve.

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Foundation Is Laid, Momentum Kicks In For Amaryllis

PYMNTS

When that happens, he said, it will expand the startup’s global reach and create access to markets in regions that Amaryllis could not previously serve. Another major development is the finalization of an ACI worldwide contract, which Bishopp said is still in negotiations but is nearing completion.

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Morning Scan: Deutsche Bank Weighs Future; Kanas to Retire

American Banker

Call for consolidation: Deutsche Bank CEO John Cryan called for more consolidation in the profit-challenged European banking industry, just after a German magazine reported the bank had considered amd rejected a bid for rival Commerzbank. "It We have become significantly more secure since the financial crisis.

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Meet Our 2022 FICO Decisions Awards Judges

FICO

Graham is the editor of Impact , a magazine published by the Operational Research Society, which reports on successful applications of analytical work. Dinesh Suresh, head, digital builds for consumer secured lending at OCBC Bank (previous winner). Sibulelo is a published author and is currently a PhD candidate at Wits Business School.

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The PYMNTS 2018 Summer Top 10 List

PYMNTS

Most people credit the idea to Late Night writer Randy Cohen, who claims the inspiration first came care of Cosmopolitan Magazine and an article rating the top 10 sexiest men over 60. Adyen’s IPO comes as other companies in the region have struggled this year to sell shares due to a volatile stock market and political uncertainty.

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