Stax

DECEMBER 12, 2024

To choose a merchant service provider, compare pricing structures, review contract terms, check system compatibility, and prioritize responsive customer support. Check its scalability and security capabilities too to support your future growth. Check processing. It can also help minimize errors and risks of bounced checks.

Small Business 88

Small Business Online and Mobile Banking Volume Checks 88

PYMNTS

APRIL 24, 2020

PayPal has temporarily suspended check-cashing fees for stimulus checks issued as part of the federal government’s coronavirus relief efforts. A PayPal spokesman told PYMNTS the standard 1 percent fee will be waived for stimulus and payroll checks. For $1,200 checks, that’s a $12 savings, and $24 for $2,400 payments.

Checks 67

Checks PayPal Compromise Payroll 67

PYMNTS

JUNE 22, 2020

But don’t let the good news fool you: just because business email compromise scammers may not be targeting c-suite executives doesn’t mean their fraudulent crimes are easing. million was allegedly forged in company checks by an accounts officer at a family-owned Singapore-based business, Straights Times recently reported. .

Checks 79

Checks Risk Business Email Compromise Email Compromise 79

VISTA InfoSec

MARCH 13, 2025

You may also check our latest YouTube video on PCI DSS 4.0 million accounts were leaked witnessing a 388% increase in compromised user accounts. These updates include increased flexibility for businesses and stronger authentication requirements, ensuring better protection in todays dynamic digital landscape.

PCI DSS 165

PCI DSS Data Breach Breach Compliance 165

PYMNTS

NOVEMBER 21, 2019

They poke and prod, looking for various weaknesses to be exploited on online platforms, in company emails (as in Business Email Compromise, or BEC), through text messages and even the old-fashioned phone call that induces a victim to hurry online and send some money. Internet scammers, by nature, are a resourceful lot.

Scams 87

Scams Checks Romance Scams Email Compromise 87

Fintech News

JULY 16, 2024

Global analytics software leader FICO unveiled its latest global consumer fraud research , highlighting that complex identity checks are stalling Singapore’s digital banking progress. This increase in identity checks by Singapore banks is a direct response to the significant issue of identity theft in the country.

Identity Theft 113

Identity Theft Online and Mobile Banking Checks Compromise 113

Nanonets

NOVEMBER 14, 2023

Business Email Compromise (BEC) is a cyber threat that exploits the vulnerabilities of email communication. Perpetrators impersonate trusted entities, such as executives or vendors, employing social engineering techniques to coerce employees into compromising actions. What is Business Email Compromise (BEC)?

Email Compromise 52

Email Compromise Business Email Compromise Compromise Phishing 52

Stax

JANUARY 23, 2025

Key steps include application review, risk assessment, credit checks, and compliance verification. Step 3: Credit Checks Financial analysts within the underwriting team or third-party credit reporting agencies review the merchants financial stability and credit history. Learn More What is Merchant Account Underwriting?

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Stax

APRIL 10, 2025

TL;DR You get to choose from traditional payment methods like cash and checks, online payment methods like digital wallets and ACH transfers, and emerging payment methods like BNPL services and cryptocurrencies. Your customer can give out a cashier check or a certified check.

Small Business 88

Small Business Wire Transfer BNPL ACH 88

Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Let’s look at what business email compromise attacks are and explore some of the many ways you can combat them. What Is a Business Email Compromise Attack? Reported losses in 2020 exceeded $4.2

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

FEBRUARY 1, 2021

40 legitimate email accounts of company executives have been compromised in a phishing campaign targeting businesses , according to Gov Info Security reports. At the same time, as this week's B2B Data Digest reveals, fraud can come from many sources, not only outside of the enterprise.

Data Breach 136

Data Breach Breach Business Email Compromise Scams 136

Stax

MARCH 18, 2025

It authorizes or declines payments based on available funds and fraud checks. You dont need an internet connection to process payments traditionally since they involve cash and checks. Examples of traditional payment processing systems include POS terminals, manual credit card imprint machines, and paper checks processed through banks.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

PYMNTS

AUGUST 3, 2020

” Paper checks are a particularly weak spot for organizations as check fraud balloons. With accounts payable professionals working remotely, Anderson said he’s heard from some firms whose AP staff have had to physically take check-printing machines to their homes — opening up the door for fraudulent activity.

B2B 131

B2B FPC Scams Email Compromise 131

Nanonets

APRIL 1, 2024

Introduction In both personal and business finance, the management of outstanding checks and thorough bank reconciliation practices are important for maintaining financial hygiene. Check out Nanonets Reconciliation where you can easily integrate Nanonets with your existing tools to instantly match your books and identify discrepancies.

Reconciliation 52

Reconciliation Checks Automation Process 52

FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

Compromise 98

Compromise Debit Card Scams Smishing 98

PYMNTS

AUGUST 3, 2020

200%: Growth in business email compromise attempts between April 2020 and May 2020. 80.8%: Share of AP departments paying suppliers with paper checks in 2019. $5T: And in retail, Amazon ’s earnings were off the charts by any metric, and they didn’t come from cost-cutting. All this, Today in Data.

Email Compromise 94

Email Compromise Compromise Payments B2B 94

PYMNTS

AUGUST 3, 2020

” That includes malware and phishing schemes, extortion, business email compromise and more, sometimes involving demands for cryptocurrency. FinCEN warns that bad actors “are engaged in fraudulent schemes that exploit vulnerabilities created by the pandemic.”

Fincen 88

Fincen Scams Email Compromise Consumer 88

Fintech News

MARCH 21, 2024

SEON’s scalable solution mitigates fraud attempts without compromising the speed and ease of PayLabo’s payment processes. As a business, we’re conducting over six million fraud checks every single day and conducting more than 100 million each month. This project is a great example of that in action.

Payment Service Provider (PSP) 113

Payment Service Provider (PSP) Fraud Prevention Cybersecurity Mitigation 113

Innovative Payments Association

JANUARY 13, 2025

Tech Support Scams: Fraudsters pose as representatives from well-known tech companies, claiming that a senior’s device or account has been compromised. Here are key steps seniors can take to protect themselves: Verify Requests: Always double-check unsolicited communications, especially those requesting personal or financial information.

Scams 52

Scams Law Enforcement Payments FBI 52

VISTA InfoSec

OCTOBER 21, 2024

The SOC 2 (Service Organization Control 2) audit and attestation process is something that has been devised by the American Institute of Certified Public Accountants (AICPA) in order to ensure that organizations which provide services have secure procedures to govern data so as not to compromise the welfare of their clients.

Audit 147

Audit Compliance Procedures Best Practices 147

Trade Credit & Liquidity Management

JUNE 2, 2025

Credit Pre-Checks: Work with sales to anticipate credit needs for both existing and new customers. Look for ways to adapt procedures to support sales without compromising risk standards. Know the prices, terms, company strategies, profit margins, and senior management’s expectations. Is this post helpful?

Liquidity Management 52

Liquidity Management Risk Mitigation Risk Assessments 52

PYMNTS

DECEMBER 29, 2020

Although it occurred under dire circumstances, 2020 was the year that many organizations finally ditched the paper check in B2B payments — or, at the very least, helped to move the needle toward electronic payments. The pandemic and work-from-home requirements left organizations to act fast when it came to sending or receiving paper checks.

B2B 114

B2B Reconciliation Payments Automation 114

VISTA InfoSec

AUGUST 5, 2024

The SOC 2 (Service Organization Control 2) audit and attestation process is something that has been devised by the American Institute of Certified Public Accountants (AICPA) in order to ensure that organizations which provide services have secure procedures to govern data so as not to compromise the welfare of their clients.

Audit 130

Audit Compliance Procedures Best Practices 130

The Fintech Times

JUNE 26, 2024

It also uses seccomp to intercept and manipulate system calls, bypassing security checks and remaining undetected. This allows it to evade anti-tampering mechanisms and remain hidden while compromising app security. Snowblind installs a seccomp filter to trap specific system calls and uses a signal handler to modify these calls.

Security 111

Security Cybersecurity Credential Compromise 111

PYMNTS

JANUARY 13, 2020

PYMNTS’ examination of recent cases finds employees falsifying invoices, doctoring checks and faking out companies to steal money from employers. million since at least 2011 by generating fake invoices from legitimate vendors, and using company checks that were reportedly doctored to be deposited into her personal account.

B2B 89

B2B Wire Transfer FBI Cybersecurity 89

VISTA InfoSec

JANUARY 18, 2024

a Check system configuration standards to confirm that necessary services, protocols, and daemons are identified and recorded. We also encourage you to check out our previous and upcoming blogs on the changes in requirements from v3.2.1 This helps maintain a clean and secure system environment. in PCI DSS.

PCI DSS 289

PCI DSS Procedures Encryption Security 289

VISTA InfoSec

JUNE 3, 2024

Weak or compromised passwords are often the weak link in an organization’s security chain, providing an easy entry point for cybercriminals. According to a Verizon report , over 80% of hacking-related breaches are due to compromised passwords.

MFA 130

MFA Credential PCI DSS Compliance 130

PYMNTS

OCTOBER 26, 2016

From Wi-Fi hotspots to printers, unsecured routers to digital video recorders — connected devices can be vulnerable to hacks and, when compromised, are being used by hackers to launch significant distributed denial-of-service (DDoS) attacks. Going Beyond PCI. to provide additional layers of security. .

Payment Security 81

Payment Security Security Identity Theft Compromise 81

VISTA InfoSec

MAY 20, 2025

Troy Hunt LinkedIn Profile Founder and CEO of HaveIBeenPwned.com, Microsoft Regional Director & MVP | 47,814 followers Troy created HaveIBeenPwned a free tool used by millions to check if their credentials have been compromised. His work in data breaches and identity security is unmatched.

Cybersecurity 130

Cybersecurity PCI DSS Breach Audit 130

The Payments Association

MARCH 25, 2025

At SENDS, we recognised early that outdated practices compromise security and efficiency, so we embraced AI-driven solutions to transform fraud detection and compliance. Susceptibility to errors: Human mistakes can overlook fraud or misreport compliance. Reactive, not proactive: Rule-based systems fail to detect evolving threats.

Regulatory Compliance 136

Regulatory Compliance AML Compliance PCI DSS 136

PYMNTS

APRIL 7, 2020

The 2020 Association for Financial Professionals (AFP) Payments Fraud and Control Survey underwritten by JPMorgan found that business email compromise (BEC) was the most noted origin of tried or actual fraud incidents in 2019, according to an announcement. Checks, for their part, have stayed as a top target for actual and attempted fraud.

Business Email Compromise 61

Business Email Compromise Email Compromise AFP Compromise 61

PYMNTS

APRIL 2, 2020

Automated attacks such as ransomware, business email compromise, and system-level takeover fraud, outpaced high-touch attack methods such as check fraud, the survey said. Researchers said the findings underscore the acknowledgment that fraudsters are stratifying their methods to optimize returns by automating and scaling attacks.

Small Business 92

Small Business Email Compromise Ransomware Compromise 92

VISTA InfoSec

FEBRUARY 16, 2024

The verification process involves checking development procedures, training records, and interviewing personnel to ensure relevant training in line with job functions and languages. Check memory boundaries when handling data. Check user rights at every access point. Secure file and code to stop users bypassing website checks.

PCI DSS 100

PCI DSS Procedures Best Practices Checks 100

Fintech Review

DECEMBER 3, 2024

From cash and checks to digital wallets, these changes have revolutionised commerce and consumer behaviour. Traditional Payment Methods: Cash and Checks For centuries, cash reigned supreme as the primary payment method. Traditional Payment Methods: Cash and Checks For centuries, cash reigned supreme as the primary payment method.

Payment Solutions 97

Payment Solutions Payments Contactless Payments Online and Mobile Banking 97

Fintech News

FEBRUARY 6, 2024

These measures are intended to facilitate balance checks for users not utilising the SimplyGo mobile application, addressing one of the notable limitations of the SimplyGo system – the lack of visibility to display fares and balances on card readers due to its reliance on back-end servers for transaction data.

Payments 109

Payments Facilitators Compromise Government 109

Fintech News

APRIL 7, 2024

Stuart Wells These technologies play a crucial role in verifying identities in an environment increasingly compromised by sophisticated fraud. Jumio’s approach to bolstering identity fraud prevention involves AI-driven fraud checks on identity documents for signs of tampering, such as text and photo manipulation. ” says Wells.

Deepfake 134

Deepfake Scams Fraud Detection Verification 134

Segpay

NOVEMBER 20, 2024

This multi-modal approach ensures that even if one fingerprint is compromised, the system is still secure. These systems provide an added layer of security, ensuring that even if one method is compromised, the others stay intact. A biometric trait, unlike a password, cannot be easily changed if compromised.

Security 98

Security Technology Privacy Compromise 98