Wire Fraud-Prevention Firm Debuts and other Digital Transactions News briefs from 2/19/18
Digital Transactions News staff
February 19, 2018
Acquiring, Competitive Strategies, Fraud & Security, Transaction Processing
- BuyerDocs has been formed to secure wires for down payments made by home buyers from hacking, phishing, imposters, and spoofing. Wire fraud plundered approximately $1 billion from the real-estate industry in 2017, the company says.
- The Smart Payment Association and payment card manufacturer CPI Card Group Inc. announced that CPI will join the Germany-based, multinational trade group’s Market Monitoring Advisory Council, whose purpose is to gather data from non-SPA members for generating industry statistics and reports.
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