With global e-commerce likely to reach a record of nearly $3.5 trillion in 2019, why are more US businesses not making bigger headway in growing their international e-commerce sales? New research from fraud prevention solution company Kount and payments processor BlueSnap suggests fraud concerns and ...
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Credit Card & Online Fraud
Credit Card & Online Fraud
The $81 billion payroll processing business in the US is normally bedrock solid, made up of longtime players and innovative new payroll-as-a-service (PaaS), cloud-based fintech startups. Like the former subprime mortgage market, the US payroll industry seems too big to fail. MyPayrollHR just proved that ...
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New reports show a fast rise in ransomware attacks across the US. Last Friday, 23 Texas towns were hit in a coordinated attack by what is believed to be a single operator as yet unidentified. This followed earlier attacks in New York, Louisiana, Maryland, and ...
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For decades, debt collection has relied on the same methods: repeated phone calls and letters to consumers. Not only does this take a lot of time and energy, it results in scores of complaints (debt collectors generate more complaints to the Federal Trade Commission than ...
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Payments fraud is growing at 14% year over year, faster than overall retail sales, and growth in mobile fraud is also accelerating. According to Juniper Research, retailers could lose as much as $130 billion between 2018 and 2023, reaching $7.2B by the year 2020. Fraud ...
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With the launch of its MasterCard Digital Wellness program, the payments giant is making some smart moves to enhance digital payments and security for the small business sector. The new AI technology and suite of resources helps small and independent businesses offer online customers password-free, ...
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With the April 15 US tax deadline passed, were tax professionals really ready for a new breed of tax fraudsters? We’re not talking about the President and his tax return issues. We’re seeing a new breed of sophisticated tax fraudsters systematically attacking the US taxation ...
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To help small and midsize business respond more effectively and reduce losses due to chargebacks, Verifi launched a new cloud-based service called Self-Service Chargeback Representment (SSCR). Chargebacks cost US merchants more than $19 billion in 2018 in lost profits, employee time, company resources, fees, and ...
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The 2019 Identity Fraud Study, released by Javelin Strategy & Research, contains good news mixed in with the bad according to the report. The good news is payment card fraud dropped from $8.1 billion in 2017 to $6.4 billion and the number of incidents fell ...
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New research from Santander Business shows that half of UK businesses are at risk of invoice fraud because they do not check invoices diligently. The survey says only 50% of UK businesses verify details in email invoices, leaving them at risk of invoice fraud. 40% ...
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