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New Report: How Behavioral Analytics Help FIs Block Fraud At The ITM

PYMNTS

Mobile banking is under constant attack from fraudsters, however, who are targeting both customers’ funds and personal data, such as account numbers, Social Security numbers, payment card data and login credentials. ATMs are common avenues for fraud, however, especially those that are running outdated software. billion by 2024.

Analytics 266
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 Justice Department Indicts 80 in Massive Online Fraud Scheme

PYMNTS

Each of the defendants has been charged with “conspiracy to commit fraud, conspiracy to launder money, and aggravated identity theft,” according to the complaint and reports said other defendants also face fraud and money laundering charges. Attorney Nick Hanna said that this is among the largest cases in U.S. Individual Case.

Fraud 145
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US Local Governments And The Slow Death Of The Check

PYMNTS

Digital and instant payment tools’ availability has yet to persuade the Oregon Department of Revenue to give up paper checks, for example. The Oregon Department of Revenue prefers to pay tax refunds through direct deposit, but checks are an option,” explained Robin Maxey, public information officer at the Oregon Department of Revenue. “We

Oregon 131
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Synchrony Says Erroneous Email Not Tied To Data Breach

PYMNTS

Five senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses people’s data and video. Personal data can be exploited by foreign intelligence services to amplify the impact of espionage and influence operations,” the letter said.

Data 130
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Late Payments Sound Sour Notes in US

PYMNTS

In Oregon, and as reported by The Statesman Journal , the Willamette Country Music Festival may be cancelled in future years amid widespread late payments to that festival’s vendors. In one example, police departments have said that they will not provide security to the event as a local sheriff’s department has been owed $78,000.

US 124
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Legal Pot Starts Pulling Its Retail Weight

PYMNTS

That said, in a first-ever congressional hearing on marijuana law reform, the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security convened July 10 to debate altering federal law around cannabis. Fraud, in the herbal world, is a very common occurrence,” she told PYMNTS in a recent interview.

Retail 154
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AltFin Proves Its Staying Power With Asian Investors

PYMNTS

With an eye on the ASEAN (Association of Southeast Asian Nations) market, tryb secured $30 million from the Makarta Innovation Fund, the firm said this week. Not only did the alternative SMB lending market secure the most funding rounds of the week, but Dianrong ensured that this segment scored the most venture capital too.

Capital 135