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Holiday check fraud: Protecting customers and financial institutions

Abrigo

Newman, a Postal Inspector in Northern Virginia for the federal law enforcement arm of the U.S. In the past, stolen checks would often range from $1,000 to $3,000, and fraudsters would typically recruit homeless people or people on social media to cash them. Marydith J. The checks being cashed are between $5,000 and $75,000.

Fraud 195
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Online Food Delivery Is Having A Bright Moment — But Clouds Are Gathering

PYMNTS

India-based online food ordering and delivery platform Swiggy has reportedly spent about $7.3 million to buy Scootsy , another Indian firm that offers online food delivery services. That said, online food delivery is having its moment. China, too, provides evidence that online food delivery remains a hot proposition.

Online 106
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How Flexible Payment Options Are Helping Small Businesses Drive Customer Engagement

PYMNTS

Online retail business is booming during the COVID-19 pandemic as consumers increase their use of contactless digital channels to shop safely from home instead of returning to brick-and-mortar stores. I started promoting Afterpay in my emails and on social media, and my sales just started going up and up and up,” she said.

Payments 163
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Restaurant Business Serves Up Mixed Plate For 2020

PYMNTS

“Accelerating trends in technology and consumer demand will lead to more “cloud kitchens” and “virtual restaurants” — restaurants that exist only online or via an app,” the report says. Growth will be fueled by the expansion of central kitchens for food prep, and social media marketing that showcases menus, philosophies and chefs.

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FBI Hot On Syrian Money Laundering Trail

PYMNTS

There are two criminal complaints that have been unsealed in Virginia against Peter Romar, Ahmad Umar Agha (known online as “The Pro”) and Firas Dardar (“The Shadow”). Upon successful phishing attempts, the two men would use stolen data, including passwords, to deface websites and hijack social media accounts.

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Possible Sale Of Cars.com Comes Amid Stronger Digital Ties For Automotive

PYMNTS

The paper reported that, in May, the online retailer “added two directors to its 11-member board that were nominated by activist investor Starboard Capital. The service said it attracts some 19 million unique monthly visitors to its online automotive marketplace. and autoscout24.de. and autoscout24.de.

Indiana 105
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Senator Warns Tech Breakup Opens Door To China

PYMNTS

In fact, the Democrat from Virginia just introduced the first in a series of bills to regulate Facebook and other social media companies. But that doesn’t mean Warner believes nothing should be done. The first bill, introduced with co-sponsor Sen. Deb Fischer, R-Neb.