Wednesday , March 27, 2024

Fraud & Security

Early Warning And Its Zelle Network Celebrate Five Years of Rising P2P Volume

Underscoring the rapid growth of digital payments between individuals, the Zelle Network early Thursday celebrated five years in business with numbers showing it has processed more than 5 billion transactions worth almost $1.5 trillion. In that time, almost 1,700 banks and credit unions have added Zelle to their mobile apps, …

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Paysafe Bets on Iowa And Other Digital Transactions News briefs from 9/7/22

Paysafe Ltd. announced a link to mobile sportsbook ClutchBet that will allow Paysafe’s Skrill USA digital wallet and Paysafecash digital-cash platform to support online payments for ClutchBet’s Iowa sportsbook.Payments platform Spreedly launched a payments-orchestration capability for marketplaces and other merchant aggregators. Payments orchestration manages transactions arriving from various gateways and by means of …

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The UK Fends off Fraud And Other Digital Transactions News briefs from 9/6/22

A study of fraud losses in European countries by FICO indicates the United Kingdom cut losses by 49 million pounds last year, the most of any European country, according to the 2021 European Fraud Map from FICO, a predictive-analytics company.Checkout-technology provider Bolt launched Checkout Links, which it says enables consumers to check out …

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Inflation Tasks Sports Bettors And Other Digital Transactions News briefs from 9/1/22

Fifty-four percent of sports bettors using mobile technology earn incomes of $100,000 or more but “many” are worried about the impact of inflation on their ability to make credit card payments in the future, according to research from TransUnion in its report, “Consumer Pulse Online Sports Betting Study.”In other research, some 59% …

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The Digital Dollar Project Launches a ‘Sandbox’ to Explore the Technology for a U.S. CBDC

While the Federal Reserve mulls the concept of a national digital dollar, private-sector actors are working toward the same end. The Digital Dollar Project early Wednesday launched what it calls a Technical Sandbox Program in an effort, it said, to help advance understanding of the technical requirements undergirding a central …

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Pet Supplies Plus Picks Adyen And Other Digital Transactions News briefs from 8/31/22

Pet Supplies Plus, an operator or franchisor of more than 600 pet stores in North America, chose Adyen NV to process online and in-store payments.Plug’n Play Technologies, a provider of e-commerce technologies, said it has implemented a platform from Authvia that allows stores to request and receive payments via messaging, text, and chat services.Mercury …

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As Hacker Attacks Rise, States Start to Consider Banning Ransom Payments

Online attacks in which criminals seize control of victims’ data are rising, and government agencies are far from immune. That’s now leading states to consider laws prohibiting state agencies from paying ransoms to get the decryption key that would unlock what are often vital files. North Carolina in May and …

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RentSpree’s New Funding And Other Digital Transactions News briefs from 8/29/22

A startup rent-payment processor called RentSpree closed on $17.3 million in Series B funding led by Green Visor Capital. The company projects it will process more than $160 million in rent payments over the next 12 months.Truist Financial Corp. launched Truist Invest and Truist Invest Pro, an automated investment advisory service and a …

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Jack Henry Will Launch a Real-Time Fraud Detection Platform in 2023

To make modern fraud detection technology more accessible to community banks, Jack Henry & Associates Inc. late Thursday announced plans to launch early next year Financial Crimes Defender, a cloud-native platform for detecting fraud and other suspicious account activity that can hurt consumer’s financial health, as well as financial crimes, such …

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COMMENTARY: Payments Security Requires Tokenization, Biometrics—And You

Digital payments are on the rise, and so is payment fraud. As of 2020, nearly 80% of Americans used at least one form of digital payment. Between 2020 and 2021, payment fraud attacks rose dramatically on digital wallets (200%), payment service providers (169%) and crypto exchanges (140%). To keep up …

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Digital Transactions