Monday , September 21, 2020

Search Results for: p2p

The Fallout From ID Fraud And Account Takeovers Includes a Lot More P2P Payment Fraud

Losses from identity fraud grew 13% in 2019 to $16.9 billion even though instances of ID fraud fell nearly 10%, according to the newly released 2020 Identity Fraud Report from Javelin Strategy & Research. The study also found that person-to-person payments fraud increased 733% from 2016 to 2019. Based on …

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FIS Adds P2P Tool and other Digital Transactions News briefs from 11/25/19

Processor Fidelity National Information Services Inc. (FIS) announced it has integrated IBM Corp.’s Safer Payments tool for its peer-to-peer payments products. Safer Payments relies on artificial intelligence and machine learning to sift through transactions for signs of fraud.Catch Hospitality Group, which operates the Catch NYC and Catch Steak restaurants, said it discovered malware on …

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The P2P Trap

When the news broke a few weeks ago that PayPal is planning to attach a credit card to its Venmo peer-to-peer payment service, it didn’t surprise many in the payments industry. In fact, the only surprise may be why this move took so long. For years, PayPal has been looking …

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Synchrony Looks to Venmo’s Social Network To Help Market the P2P Service’s New Credit Card

PayPal Holdings Inc. and Synchrony Financial have been sparing about the details of a new credit card they plan to issue for PayPal’s Venmo peer-to-peer payment service, but on Monday a top Synchrony executive said the partners are counting on a key characteristic of Venmo to help market the new card. …

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Bank App with P2P Payments Debuts and other Digital Transactions News briefs from 8/22/19

N26 Inc., the U.S. unit of German bank N26 GmbH, launched its mobile-banking app that includes MoneyBeam, a person-to-person payment service between N26 bank customers. Accounts also include a Visa debit card.Merchant processor Net Element Inc. said its Unified Payments subsidiary is providing Internet of Things payment services in the property-management market …

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P2P Sizzles for PayPal, Though a Snarled Integration Delays Its Entry Into Bill Pay

PayPal Holdings Inc.’s payments juggernaut shows no signs of weakening, but the company has found its latest product integrations bedeviled by slowdowns, forcing it to postpone some expected revenue. One such integration with bill-payment specialist Paymentus Corp. is a crucial one because it will allow PayPal to enter an enormous, …

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