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Worldpay On Modernizing Security Defenses To Foil eCommerce Fraud

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The European Union’s long-anticipated 5th Anti-Money Laundering Directive (5AMLD), which modernizes security rules to reflect the needs and threats facing today’s economy, took effect in mid-January, and its impacts are already being felt across the payments space. Fiat-focused digital wallets must also boost their security.

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Protecting eCommerce Merchants From Fraud

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Merchants have to participate in eCommerce if they want to maintain relevancy in today’s economy, but their engagement in online transactions also exposes them to new forms of fraud. 80: Approximate number of banks in Japan that joined JPMorgan’s blockchain-based interbank communications network. All this, Today in Data.

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Worldpay On Staying One Step Ahead of eCommerce Fraud

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Global eCommerce is growing so fast that some cities are struggling to handle the package delivery trucks flooding their streets. Security’s New Face. Securing transactions requires robust measures by everyone involved, Fox said. trillion online in 2019 — an approximately 18 percent year-over-year increase in worldwide sales.

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Communication Key Across Payments’ Changing Landscape

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Millennials and Generation Y have grown up with cybercrime, the executive stated, and parents must have “another type of talk” with their kids: the online safety and security talk, as Volmar termed it. Volmar also addressed the issue of whether bolstered communications can help businesses avoid mishaps and missed profits.

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5G Isn’t The Only Digital Communication Game In Town

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The new 5G mobile network technology is getting its first deployments, but that’s not the only communications game in town. But the company does demonstrate that communication — including the digital messages vital for retail and payments — can come in different forms.

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Banking-As-A-Service, B2B eCommerce Lead Busy Week For B2B FinTech Funding

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Backers placed the spotlight on everything from B2B eCommerce, to supply chain optimization, to Banking-as-a-Service, but human resources and payroll landed in the top spot in this week's VC roundup. Core banking technology provider Modularbank , based in Estonia, has secured $4.85 Procurement Partners. Modularbank. the company said.

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Today In Payments: Police Allege Money Launderers Using Chinese eCommerce; Square Launches On-Demand Payroll

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In today’s top news, Chinese authorities have made several arrests alleging cybercriminals laundered $2 billion through faux eCommerce purchases, and Square announced the launch of two real-time payment features. Police Allege Money Launderers Are Using Chinese eCommerce Sites To Move Money. Square Launches On Demand Payroll.