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The Top Payment Methods For Small Businesses

Stax

For example, a high-end fashion brand with both brick-and-mortar store locations and an eCommerce store may want to offer a combination of card payments, contactless payments, cash payments, and BNPL payments as its payment options.

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Swedish Government and Banker’s Association Announce Plans to Stop Scams

BioCatch

As I’ve previously blogged , the state of scams in Sweden has been a hot topic in the media over the past few months, not least due to a show on Swedish SVT where an investigative journalist followed a criminal gang who used social engineering to convince elderly people to transfer their savings through a hybrid smishing and vishing campaign.

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Ripple Files Lawsuit Against YouTube For Not Removing Crypto Scams Fast Enough

PYMNTS

Ripple announced on Tuesday (April 21) that it is filing a lawsuit against YouTube , alleging that the popular video platform isn’t doing its due diligence to identify and remove crypto-related scams, according to a company blog post. The scams often impersonate legitimate companies and have fake social media accounts.

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Fraud Scams Skyrocket, But People Worry More About Pickpockets

FICO

That threat is fraud scams – tactics and techniques that fraudsters are using to trick people into giving away their money. The financial impact of scams is staggering indeed: in the UK alone, authorised push payment (APP) scams accounted for £479 million in gross losses in 2020. Fortunately, it’s not all gloom and doom.

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Raising Elder Fraud Awareness to Prevent Real Estate Scams

FICO

All too often, elders today are the targets of residential real estate fraud and scams. Here are two popular real estate scams targeting the elderly. This scam usually involves a spur-of-moment decision. Put assets in a trust: Putting elders’ assets in trusts protects them from all manner of financial scams.

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Three ways APP mandatory reimbursement can work for PSPs and victims of fraud and scams

The Payments Association

The UK’s increasing fraud and scam problem, focusing on new regulations mandating automatic reimbursement for APP fraud victims. The UK’s fraud and scams problem is not going away. That is why 7 October 2024 will be etched into the memories of many—a landmark moment for both organisations and people impacted by fraud and scams.

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UK Payment Systems Regulator Final Scam Reimbursement Requirements Including Observations and Industry Response

BioCatch

This blog is being published in two parts. Part 1 summarizes the final UK regulations for mandatory APP scam reimbursement. Part 2 discusses what non-UK FIs should take away from what is happening in the UK around APP scams.