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How payment scams start on social media

Payments Dive

Bad actors contact consumers through social media and then persuade them to send money over payment platforms, a JPMorgan Chase payments executive said during a Payments Dive virtual event.

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4 trending social media tips to know

Independent Banker

The Social Bankers, a collective of community bank marketers, offers inspiration, information and professional development advice to community bankers focused on marketing and social media. We asked them for their need-to-know social tips. Social media can be a recruiting tool. By Julie Kendrick.

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Amex Study: Social Media Shout-Outs Could Pump $197B Into SMB Economy

PYMNTS

As the holidays grow closer, American Express says research has shown that social media promotions and engagement could be a big boost for this year's Small Business Saturday event, according to a press release.

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Fraud typologies all financial institutions should know

Abrigo

Variations include: Pig butchering scams Scammers build relationships with victims through social media or dating apps, persuading them to invest in cryptocurrency or other financial opportunities. These scams often take place on dating apps and social media.

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Luxury Fashion Brands Outspend Smaller Rivals On Social Media

PYMNTS

Luxury fashion brands like Christian Dior, Louis Vuitton and Gucci are upping their social media game, especially on Instagram, and pouring real money into efforts to court young shoppers, according to a report by Reuters. With cash to spend, luxury brands are flying ahead of the competition.

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St. Louis Colleagues Rank Perficient a Top Workplace in 2020

Perficient

Colleagues now engage in philathropic and social activites through technology like video calls, Microsoft Teams , and social media. Louis, the Green Team, changed to virtual events, too. Virtual happy hours have themes like Show-and-Tell or just have fun using Teams to play Pictionary.

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Apple Gives Facebook Event Producers Temporary Fee Reprieve

PYMNTS

Apple has temporarily suspended its usual 30 percent assessment on fees users pay to small businesses that host what Facebook calls “Paid Online Events,” The Verge reported Friday (Sept. Facebook launched Paid Online Events to give small businesses a way to make money after COVID-19 made selling tickets impossible.

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