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Why AI Is Social Media Fraud’s New Best Friend

PYMNTS

It can be difficult these days to remember the almost idyllic promise of social media when it first entered the general consumer consciousness. That’s not to tempt one into nostalgia, or to suggest that social media has become marred beyond recognition. Digital Evolution. Fraud Increases. trillion in 2018.

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Barclays online, mobile banking down 2 hours today

BankInovation

Barclays online and mobile banking systems were down for two hours today, with the London-based bank’s clients were unable to access their accounts, the bank said on X, formerly known as Twitter. trillion Barclays sent out three messages to clients via social media with updates urging clients to use the bank’s […]

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Can CBANC Crack the Bank Social Media Riddle?

Bank Innovation

billion Facebook users (give or take a few million), it’s clear banks can’t keep their employees from social media. That opens bank systems to attacks via phishing and social engineering. But social media can also be useful for networking and tapping Read More.

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Social Media Can Make Bank Customers Susceptible To Scams

PYMNTS

Unintentionally making themselves targets for scammers, customers may become vulnerable to fraud by complaining to banks on social media when systems crash. In cases where accounts are comprised, customers often give up their information and “a lot of that is entirely voluntary through social media,” the person told Reuters.

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Social Media Lures Credit Card Giants – And Their Advertising Spend

PYMNTS

On social media – specifically, on Facebook. As the CEO of Ondot Systems said to PYMNTS in an interview this week, the Apple news seems destined to change the “conversation” about how credit card companies come to market with new offers.). If the goal is to get younger consumers, the social media movement makes sense.

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TD Rolls Out Online Accounting In Bid For Small Biz Accounts

PYMNTS

In a push to bring in more small business accounts, TD Bank is launching a new online payment and accounting feature on its online platform for small businesses. The new TD Online Accounting features technology developed by Detroit-based Autobooks.

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Today In Payments Around The World: IBM Buys Canadian Firm Expertus Technologies; GoJek Unveils GoBiz Plus System For Merchants

PYMNTS

IBM has purchased Expertus Technologies, which is based in Canada, according to an announcement, in an effort to strengthen its hybrid cloud and artificial intelligence (AI) infrastructure in addition to its online payment strategies. Gojek Debuts POS System for Indonesian Merchants That Accepts Cashless Payments.