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Bank wire fraud – How social engineering and technology perpetrate fraud losses

Abrigo

Takeaway 1 Bank w ire transfer fraud is increasing due to technological advances today. Takeaway 3 Education and technology tools are our best defense against b ank wire transfer fraud in our institutions. While wire transfers offer speed and efficiency, they have always carried inherent risks.

Fraud 195
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MENA Region Holds Regulatory Clues For Merchants

PYMNTS

In regions where open banking and other electronic payments pilots are becoming common, such as the Middle East-North Africa (MENA) region, pandemic-era payments are all about privacy, security and trust, particularly in B2B transactions. Privacy Protection In The Spotlight. Lessons From Abroad. 3D Secure 2.0

Regional 130
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How Payment Platforms Connect Merchants With Augmented Reality

PYMNTS

To let shoppers discover and try out new products, payment companies are helping merchants launch augmented reality (AR) experiences within social media platforms. The firm chose a Kenyan brand, Huddah Cosmetics , as the first social commerce merchant on its Mula service to roll out the platform.

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Small Business Rescue Program Faces Tech Challenges

PYMNTS

Amid processing and technology challenges that are holding back payments, the U.S. The Independent Community Bankers of America (ICBA) told the Small Business Administration (SBA) and the Treasury about the “massive delays” and “failed technology” that members were facing. More than 85,000 people asked for $22.2

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How Digital Tools Change The Security Landscape

PYMNTS

Technologies such as artificial intelligence (AI) and biometrics are changing the digital security landscape, and a recent study found that social media networks have become a more popular way for hackers to target new victims.

Security 139
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Banks Break Free of Cookie-Cutter Social Media

American Banker

For some banks, gone are the days of just using social media to update followers on branch hours. Increasingly, banks are using sites like Twitter and Facebook for something much larger.

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Singapore, Thailand Love Instagram, eCommerce

PYMNTS

The region’s internet economy is projected to become a $278 billion market by 2025 , with immense growth expected in all online sectors, but especially in mobile payments as companies across the region invest more in digital infrastructure. The region’s most technologically advanced nation, Singapore, is working toward a smart nation.