PYMNTS

APRIL 1, 2019

Synthetic fraud is a brave new frontier in bilking billions, as commerce goes increasingly online. Merchants, lenders and banks never see the person on the other side of the transaction, and proving that someone is, well, legitimate is becoming more difficult. Flavors Of Fraud. What It Is And How Much It Costs.

Construction 73

Construction Numbers Concentration Securities 73

Simply Treasury

JUNE 3, 2021

API’s have shown the use banks and corporates can make out of them. Then come the multiple banking relationships, the too large number of bank accounts, the lack of sufficient resources (a recurring problem - but one that drives automation), the lack of support from subsidiaries, the lack of budget (classic in times of crisis).

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

PYMNTS

JANUARY 28, 2020

If they’re not grabbing stolen credentials off the Dark Web then they’re neck-deep in buyer-seller collusion, or the long con of keeping fake accounts in good standing … just enough to drain them and abscond. Try wrapping your mind around the price tag of the average corporate data breach at $3.92 million per incident.

Education 57

Education Accounting Securities Banking 57

PYMNTS

SEPTEMBER 4, 2020

We dive into PayPal's installment options, consumer trust in digital banking, and Walmart and Amazon's battle for the digital consumer. Consumers Say Trust, Not Features, Drives New Bank Account Openings (Digital Identity Consumer Survey). PayPal’s ‘Pay In 4’ Expands Installment Credit Options For PayPal Users.

Banking 70

Banking Retail eCommerce Leverage 70

PYMNTS

NOVEMBER 22, 2017

Account takeover fraud , card-not-present (CNP) fraud, tax fraud, selling stolen financials, selling fake bank accounts, the Dark Web: If security experts are fighting it today, chances are that Brett Johnson was there when it started. Luckily for Johnson, he’d discovered tax fraud by then.

Securities 48

Securities Accounting Entertainment Banking 48

PYMNTS

MAY 15, 2018

Beyond the static password, there are a few methods that organizations have been implementing in recent years to try to stay ahead of the fraud problem. While it may introduce some friction to the user journey, Patel said that’s a necessary evil in today’s fraud-rich web environment. Data tagging is how ground truth is established.

Auditing 51

Auditing Compliance Securities eCommerce 51

PYMNTS

SEPTEMBER 23, 2019

For example, businesses are paying insurance claims to consumers and loan proceeds to borrowers in real time – and banks and FinTechs are enabling payments between people in real time. It’s a dynamic that can be solved by access to speedy real-time rails – but it also comes with a hefty price tag for suppliers. buyers owe suppliers $3.1

B2B 61

B2B Leverage B2C Investments 61

PYMNTS

JANUARY 17, 2017

Data elements, Ayers said, such as a Gmail account someone has had for over 10 years or the same phone number they’ve had since adolescence, are central to that person’s identity — and much more reliable than anything else that a person can present as proof of identity. Outsmarting The Fraud. Is the phone number the future SSN?”

Numbers 45

Numbers eCommerce Compliance Accounting 45

PYMNTS

JANUARY 28, 2019

It is also, according to reports, a favored new method by thieves, who will access someone else’s credit card information, use it to create a Fortnite account and then buy V-bucks, the game’s currency. For Q4, the bank said provision for credit losses increased 29 percent to $1.6 Mastercard got tagged with a $648.3

Advertising 51

Advertising Retail Currencies Banking 51

PYMNTS

SEPTEMBER 23, 2016

Bitcoins can be accepted as a payment for goods and services or bought directly from an exchange with a bank account. was owned by Gery Shalon, an Israeli who headed a computer hacking and fraud scheme that involved over 10 companies and laid bare the personal data of more than 100 million people.

Profit and Loss 77

Profit and Loss Currencies eCommerce Leverage 77

PYMNTS

OCTOBER 16, 2020

Fifty-nine percent of firms still use paper checks for their accounts payable (AP) processes, for example, and 61 percent are still utilizing them for their accounts receivable (AR) needs. Most banks, businesses and treasurers have been aware of checks’ challenges for several years. Breaking Away From Checks . billion in 2016.

Treasury 76

Treasury B2B Accounts Payable Cash Management 76

PYMNTS

FEBRUARY 26, 2020

Conferma Pay connects users to a network of travel management companies, online booking solutions and global distribution systems to book and pay for business travel, a service that CSI said will complete its accounts payable (AP) virtual payment capabilities. banking license, it said.

B2B 60

B2B Accounts Payable Securities Accounting 60

PYMNTS

MARCH 2, 2020

As innovators drive forward, however, they can sometimes forget who’s really at the user-end of their technologies designed to combat business payments pain: the accountant. In the current fast-moving climate, accountants have struggled with the manual processes involved with managing their business client’s funds,” he told PYMNTS. “In

Accounting 56

Accounting Reconciliations Profit and Loss B2B 56

PYMNTS

JULY 16, 2020

Apart from celebrities, Apple and Uber were also tagged in the hacking event that occurred Wednesday (July 15). The hacked account fundraising session was part of a “coordinated social engineering attack by people who successfully targeted some of our employees with access to internal systems and tools,” according to Twitter.

Securities 64

Securities Accounting Education Communication 64

Strategic Treasurer

DECEMBER 27, 2021

So, this ability to house lots of these connectors that help you connect either internally to your systems with banks, with other information providers or trading partners. And the fifth one, Meredith, is “ecosystems”, “open banking”, “open treasury.” “How good and how broad is your ecosystem?”

Treasury 52

Treasury Currencies Banking Planning 52

Barry Ritholtz

APRIL 25, 2023

RITHOLTZ: Because it means we don’t really know why we’re slamming these two companies together other than the fees, the banking fees. Every now and then I’m horrified to see people not have attorneys, not have accountants, sign documents. And so clearly there are anti-fraud provisions. HAMBURGER: Really?

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Compliance Investments Finance 61