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Study: COVID-19 Fraud Reaches $100M

PYMNTS

These states accounted for one third of more than 150,000 instances of COVID-related fraud reported nationally by the Federal Trade Commission (FTC) since mid-March. Maine led the pack, where monthly complaints of coronavirus scams and identity theft quadrupled from March through July, the study said.

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US check use for payments exceeds other countries: Fed

Payments Dive

check use for transactions, other nations have seen sharper declines, a Federal Reserve study showed. Although there has been a drop in U.S.

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Study: New COVID Restrictions Could Permanently Close A Third Of US Restaurants

PYMNTS

The National Restaurant Association cited U.S. 17 letter to the National Governors Association that the industry is being unfairly blamed for COVID-19 cases. "We We continue to support aggressive steps to protect the nation’s public health. According to FT, the Independent Restaurant Coalition reported that one in six U.S.

Study 280
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Study: Google Grows Market Share In Europe Despite Anti-Competition Order

PYMNTS

Despite an order from the European Union ’s antitrust watchdog to curb its anticompetitive practices, Google continues to boost its market power, according to Reuters , which cited a study released Monday (Sept. In response, Google said the figures in the study ignore the facts. billion euros ($2.8 billion) for the offense.

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How To Do Better Against National Bank Lending Competition

South State Correspondent

Unfortunately, banking is challenging to study, and some banks inadvertently ignore their significant competitors. Many existing community bank customers and prospects are also national bank customers. There are now many online, nationally-focused lenders that are capable of an entire virtual relationship.

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Banks can take cues from challengers on digital customer acquisition: Gartner

Bank Innovation

While large banks may not feel threatened by personal finance apps or digital-only challengers, they can learn from them on the digital onboarding front, a recent Gartner study observed. It examined 1,200 data […].

Regional 273
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Central Bank Of Russia: Electronic Money Could Render SWIFT Obsolete

PYMNTS

Olga Skorobogatova, first deputy governor of the CBR, said 30 countries are working on their own national digital currencies, some of which could launch in five to seven years. She added, however, that SWIFT could end up being the platform used by different countries for their national digital currencies, the report stated.

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