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ACI Worldwide Survey Shows Nearly 40% of Taxpayers Will Use Refunds for Debt Relief

Fintech Finance

In recent years, ACI has added popular alternative payment methods such as PayPal, PayPal Credit and Venmo. ACI is one of two approved IRS service providers and one of the platforms taxpayers can use for IRS DirectPay. ACI is the longest-tenured service provider for the IRS and has processed more than $25 billion in IRS tax payments.

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Financial Technology Association Sets Out to Tackle Holiday Shopping Fraud With ‘Smarter Than Scams’

The Fintech Times

The national education campaign, in partnership with paytech giants, Cash App , PayPal and Venmo , aims to empower consumers with the tools to outsmart scams. For example, charity, gift card, imposter, invoicing, pet deposit, phishing, and romance scams. PayPal and Venmo do not tolerate fraudulent activity on our platforms.

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How PNC Is Fighting Pandemic-Fueled Financial Crime

PYMNTS

Artificial intelligence (AI) and machine learning (ML) can analyze the thousands of transactions banks process each day in real time, and employee education efforts are proving effective in preventing deception via phishing emails or other social engineering techniques.

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Fraud Protection for P2P Payments at Point of Sale

FICO

As consumers flock back to stores , some may be surprised and delighted to learn that they can use popular person-to-person (P2P) payment apps like Venmo and PayPal at the cash register. At other places the Venmo user scans the store’s QR code. Venmo is a PayPal company. What does that mean for fraud professionals? Hello Panda.

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Data Dive: Dust-Ups, Hiccups And POS Attacks Edition

PYMNTS

Venmo and PNC’s Spat Over Zelle . The most notable example, according to reports , are allegations from PNC Bank clients that they were unable to connect accounts to Venmo , the payment service owned by PayPal. We’ve made some security enhancements which may be causing difficulty when attempting to link your PNC acct with Venmo.

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How Zelle Protects Users Against Scams And Frauds With AI, Analytics

PYMNTS

It is no wonder that payment apps like CashApp , Venmo and Zelle are used by more than 70 percent of Americans. Venmo users alone lost more than $40 million in 2018. Cybercriminals deploy a variety of tactics, and phishing is the most popular. Frauds typically involve perpetrators infiltrating user accounts directly.

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ACH vs. EFT Payments: What’s the Difference?

Payment Savvy

The main types of EFT include banking, mobile banking (such as Venmo, Stripe, and Paypal), digital wire transfers, and transferring between bank accounts. Paypal and Venmo are good examples of P2P platforms, both of which have simplified the process of sending money. What Are Peer-to-Peer Payments?

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