By Jeff Domansky, March 17, 2021 New research from Aite Group shows 47% of US consumers experienced financial identity theft (application fraud in their name or account takeover) in the past two years. In 2019, losses from identity theft cases were $502.5 billion and rapidly ...
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By Jeff Domansky, March 16, 2021 The payments and fintech world looks very different today after one year of Covid disruption. The pandemic’s economic, work and health impacts created a perfect storm of challenges, business opportunities, and the financial industry. As a result of massive ...
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By Jeff Domansky, March 10, 2021 The US Congress today passed the Biden administration’s $1.9 trillion COVID-19 bill and economic recovery program. Missing in action were Republican votes and an increase of the minimum wage to $15. The relief package is ambitious and based on ...
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By Jeff Domansky, March 9, 2021 Consumers quickly embraced e-commerce and online payments last year while fraudsters high-fived with record purchase scams, impersonation, money mule schemes, and account takeover scams. A new report from risk management platform Feedzai surveyed 2020 fraud results and painted a ...
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By Jeff Domansky, March 8, 2021 As the US Congress gets ready to finalize the newest stimulus package, a new report from doxo shows the relief will last just 22 days in many cases. According to doxo’s recently released 2021 U.S. Bill Pay Market Size & ...
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By Jeff Domansky, March 4, 2021 When it comes to business loans, non-bank lenders have jumped out ahead of traditional banks as the fintech revolution disrupts the financial services industry. Last month we analyzed PayPal’s outstanding 2020 financial results and its growth as the payments ...
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By Jeff Domansky, March 3, 2021 Payment services company Square Inc. officially launched its bank yesterday. A year after Square Financial Services (SFS) received charter approval from the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions. Headquartered in Salt Lake City ...
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By Jeff Domansky, March 1, 2021 The global $400 billion-plus buy now, pay later (BNPL) market is heating up incredibly fast, leading to some interesting new features and competitive positioning by market leaders. San Francisco-based Affirm announced plans to issue the first US debit card ...
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By Jeff Domansky, Feb 26, 2021 The UK fintech business is big for a midsize nation. It contributes $15.5 billion to the UK economy annually and holds around 10% of the global fintech market. A new report on Britain’s fintech industry, commissioned by the Chancellor ...
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By Jeff Domansky, Feb 22, 2021 When it comes to fraud, universities are just one more appealing target for cybercriminals. Like many businesses, universities are taking proactive measures to prevent B2B fraud, and they’re looking to digital identity platforms and automation to reduce their vulnerability ...
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