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Real-Time Payments Are Soaring In The U.S.

Tom Groenfeldt

We currently have over 30,000 businesses that are originating RTP payments on the network each and every month and over 6 million consumers,” said Jim Colassano, senior vice president of RTP Business Product Management at TCH.

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Fraudsters Turn to WhatsApp: Revolut Reveals UK Consumers Lose £2,437 From WhatsApp Scams

The Fintech Times

WhatsApp prides itself on the security of its encrypted messages, however, according to new research from Revolut, the global fintech with 11 million UK customers and 50 million globally, UK consumers are losing an average of 2,437 from scams originating on the communications platform. Google platforms accounted for 0.09

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Finastra Confirms Breach Amid Hacker’s 400GB Data Theft Claim

Fintech News

Cybersecurity journalist Brian Krebs first brought the breach to public attention when a hacker, on a known cybercrime forum, offered 400 gigabytes of data allegedly plundered from Finastra. ” The hacker selling the data alleges it originated from IBM Aspera, a widely used file-transfer software.

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The rise of generative AI in payment security: A double-edged sword for data privacy

The Payments Association

However, these regulations were not originally crafted with generative AI in mind. We expect that regulations will impose even stricter cybersecurity standards for organisations using AI in payments, including robust data protection measures, regular security assessments, and incident response plans.

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Fighting Fraud: PayPal Utilises AI to Launch Dynamic Scam Detection

The Fintech Times

  As scammers attempt to coerce people into sending payments that may not be eligible for refunds, including scams that originate on social media, PayPal is putting more information directly into customers’ hands, which will empower them to help stop scams in their tracks. The alerts intervene when it matters most – before any funds are sent.  As

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Beyond the Firewall: Rethinking Payment Data Security

Finextra

The original bank data stays protected, while the business uses the token for processing payments as if it were the real thing. The Strategic Imperative Tokenisation isn’t just a cybersecurity tactic — it’s a smarter, more resilient way to handle business payment data in a landscape where breaches are inevitable and reputational risk is high.

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Creditinfo Launches KYC Fraud Solution to Combat $5trillion Global Financial Crime Problem

The Fintech Times

” Applicable at any business level As a global solution, it is tailored to meet the unique needs and maturity-levels of different markets.