Introducing FedNow, a groundbreaking payment service recently launched in the finance industry. Brought into existence by the US Federal Reserve, this service is designed to streamline transactions at any given time. In contrast to customer-centric payment services such as Venmo or Zelle, the implementation and success of FedNow are primarily dependent on its acceptance by […]
Though not a household name, the Credit CARD Act of 2009 is a major force in the finance and consumer protection space.
In today’s fast-paced world, convenience and flexibility are highly valued, even when it comes to making purchases. One such payment option that has gained popularity among consumers is the “buy now pay later,” or “BNPL” approach.
The ongoing COVID-19 pandemic has changed our shopping habits, resulting in a consistent uptick in online buying across the United States. This surge in eCommerce naturally leads to an increase in package deliveries to consumers.
Social engineering scams don’t discriminate. They can target anyone. These scams view your personal data as a treasure trove, providing access to linked accounts and data caches stored on corporate servers. Such attacks result in millions of dollars in losses annually. So, how can you safeguard yourself and your business from social engineering attacks?
The recent collapse of the Silicon Valley Bank (SVB) has sent shockwaves through the financial world, and its implications are being felt by businesses and consumers alike.
One of the newest eCommerce threats are ”refund service” scams, in which fraudsters solicit otherwise legitimate consumers as accomplices. But, what exactly are refund services? How do they work, and are all of them bad news?
Most of us are at least somewhat familiar with card skimming. It’s an old trick, by which scammers use a device to steal data off of magnetic stripe cards. Well, there’s a new threat out there to know about called card “shimming.”
It’s the start of a brand-new year. With that, comes new opportunities. While many merchants are still feeling the ups and downs of 2022 (think supply chain woes, inflation, data breaches, et al.), it’s time to look ahead. We’re setting precedents for 2023, beginning with fraud detection and prevention.
It’s that time of year again: a time for sharing, shopping, family gatherings… and scams.
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