The Paypers

NOVEMBER 28, 2022

US-based gift card company GlobeTopper has partnered with Knox Wire to support payout capabilities globally.

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Wire Wires Global Payments Payments 69

Payments Source

JUNE 18, 2020

The bank says fraud attempts involving commercial wire transfers have escalated since the outbreak began. It's training employees and customers how to head off the often hard-to-detect scams.

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Wire Wires Wire Transfer Scams 82

PYMNTS

MAY 20, 2020

FinTech software vendor IntegriDATA has announced a new integration between its CashWire system and Workday Financial Management, which the company says will help to speed up B2B payments by allowing the automatic generation of wire transfers.

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Wire Transfer Wire Wires Payment APIs and Integration 58

PYMNTS

AUGUST 28, 2020

Elsewhere, the sales process for the North American operations reportedly continues, and the high-wire Wirecard saga continues. Goodwill, of course, could conceivably be impaired, or written down, which means the balance sheet weakens, as does the “value” of those companies.

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Wire Wires Agreements B2C 77

Payments Source

FEBRUARY 20, 2019

Bill.com is eliminating wire-transfer fees for businesses making electronic payments in local currencies in key global markets, as competition in the small- to midsize B2B payments sector heats up.

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Wire Transfer Wire Wires Cross-Border Payments 76

The Paypers

FEBRUARY 9, 2023

Fintech Nium has removed deductions on global wire transfers, supports 7 new payout currencies, and provides real-time transaction tracking with SWIFT gpi.

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Wire Transfer Wire Wires Payroll 36

PYMNTS

OCTOBER 10, 2018

Rarely does the wire transfer come into play as an exciting, innovative payment rail ready to disrupt cross-border B2B payments. The wire transfer, made popular by Western Union more than 150 years ago, may not seem to be the most innovative rail. Thieves attempted to steal $5.3

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Wire Transfer Wire Wires Cross-Border 46

Payments Source

JANUARY 7, 2019

Wire transfers have higher fees and fraud risk than other methods, according to Chen Amit, CEO of Tipalti.

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Wire Transfer Wire Wires Small Business 77

The Paypers

AUGUST 3, 2021

US-based e-wallet payment provider STICPAY has announced a new local bank wire service in Hong Kong.

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Wire Wires Payments 57

PYMNTS

APRIL 9, 2019

Most companies “have put processes in place to validate big wire transfers, so now [criminals] want to stay under the radar. Adrien Gendre, chief solutions architect with email security company Vade Secure, said the scam has only appeared in the last month. It’s a new approach, and every day we have more customers reporting it,” he said.

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Direct Deposit Scams Wire Wires 83

PYMNTS

OCTOBER 15, 2020

The FBI is warning homebuyers to be on the lookout for internet criminals who are sneaking into online conversations between buyers and mortgage companies or other participants in the sale process and providing false instructions that dupe purchasers into wiring funds to the criminals’ accounts, CNBC reported Thursday (Oct.

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FBI Wire Wires Financial Crimes 64

PYMNTS

APRIL 21, 2017

Hong Kong–based exchange Bitfinex has seen its wire transfer issues worsen. The exchange had initially reported outgoing wire transfer disruptions earlier this month, subsequently filed suit and an injunction against Wells Fargo. A few days later, Bitfinex dropped the suit, but the problem has remained.

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Wire Transfer Wire Wires Bitcoin 51

ACI Worldwide Blog

MAY 13, 2024

In the domestic Real-Time Gross Settlement (RTGS)/Wire and cross-border payment spaces, transformation to the most recent ISO 20022 (HVPS+ and CBPR+) messaging standards has been ongoing since 2022. The North America Clearing House CHIPS wire system migrated in April 2024, and the U.S.

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ISO 20022 Real Time Gross Settlement (RTGS) ISOs FedWire 52

PYMNTS

MARCH 26, 2019

Attorney Michael Avenatti has been charged in two federal cases with wire and bank fraud, as well as allegedly attempting to extort more than $20 million from Nike. The Wall Street Journal ( WSJ ) reported that the U.S.

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Wire Wires Caps On-Demand 44

PYMNTS

SEPTEMBER 1, 2017

31) and said Veem will now link its B2B clients to Acuity’s accounting services, while Acuity will integrate Veem’s international wire transfer solutions directly in its platform. The companies revealed their partnership in an announcement Thursday (Aug. Veem supports B2B payments and the movement of invoices across 60 countries, it said.

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Wire Wires B2B Wire Transfer 43

PYMNTS

AUGUST 10, 2020

adding support for ACH and wire transactions. The solution was an important step in helping businesses embrace digital B2B payments, particularly when it comes to adoption of virtual and physical commercial cards. On Monday (Aug. 10), Billtrust is rolling out an expansion of its BPN via the debut of BPN 3.0, ” Mixing Payment Rails. .

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Wire Wires ACH Payment Networks 49

The Paypers

MARCH 31, 2022

Hong Kong-based Apollo Fintech has announced that ThetaRay will monitor cross-border payments on its newly launched Knox Wire service.

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Cross-Border Payments Cross-Border Wire Wires 28

Finextra

MAY 8, 2024

Volante Technologies, the global leader in payments as a service, today announced its achievement of Fedwire Funds Service certification for the ISO 20022 messaging capabilities of its wire payment processing solutions.

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ISO 20022 FedWire ISOs Wire 59

PYMNTS

JUNE 15, 2016

The FBI is warning about the increasing risk of wire transfer fraud. As part of its newly launched public awareness campaign on wire transfer fraud, the FBI provided tips to help companies detect and fight the threats. Billion | The amount hackers have attempted to steal from businesses using wire fraud between October 2013-May 2016.

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FBI Wire Wires Wire Transfer 40

PYMNTS

APRIL 15, 2019

Most companies “have put processes in place to validate big wire transfers, so now [criminals] want to stay under the radar. Also, because the amount of money stolen is relatively small, companies might just attribute it to the cost of doing business. Through this method, they sent tens of millions of malicious emails.”.

Money Laundering 51

Money Laundering Wire Wires Identity Theft 51

PYMNTS

FEBRUARY 7, 2018

Choi pleaded guilty to one count of wire fraud , admitting that he never attended business school, was never employed by a financial institution at any point in time and exaggerated his wealth.

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Wire Wires Wire Transfer Continuity 40

The Paypers

SEPTEMBER 3, 2018

(The Paypers) US homebuyers have been targeted by scam wire transfers, where fraudsters trick them into sending payments to an offshore account, CNBC reported.

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Wire Wires Wire Transfer Scams 28

The Paypers

OCTOBER 3, 2018

(The Paypers) Adeptive Software , the developer of the title and escrow production platform, and CertifID have announced their integration to fight against wire fraud.

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Wire Wires Fraud Prevention Product 31

Bank Automation

APRIL 9, 2024

Digital bank OakNorth is in the early stages of testing to provide wire banking services in the United Kingdom. The London-based bank is beta-testing business banking services, including operational accounts, cards and payments, Chief Executive Rishi Khosla told Bank Automation News. Founded in 2015, the $4.8

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Wire Wires Automation Accounts 67

PYMNTS

MAY 8, 2017

Cyber wire fraud via email had increased during the last seven months of last year, according to a new warning from the Federal Bureau of Investigation. In a warning to businesses covered by Reuters , the FBI said bad guys used email and pretended to be from real businesses to try and steal $5.3 Reuters also noted that the U.S.

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FBI Wire Wires Email Compromise 41

The Paypers

AUGUST 31, 2018

(The Paypers) IBM has launched IBM Blockchain World Wire , a near-instant cross-border payments system, in partnership with blockchain company Stellar.

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Cross-Border Payments Cross-Border Wire Wires 34

Fintech Finance

MAY 10, 2024

Businesses can make fast and cost-effective transfers through ACH, mailed checks, and wire transfers. Users can easily create and manage multiple accounts for different purposes without hidden fees. Additionally, users can instantly transfer funds between Zil accounts for a seamless financial experience.

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Facilitators Transactions Wire Transfer Cross-Border 105

The Paypers

FEBRUARY 22, 2019

(The Paypers) US-based payments company Bill.com has announced eliminating wire transfer fees for businesses paying electronically in local currencies.

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Wire Transfer Wire Wires Payments 28

The Paypers

OCTOBER 12, 2018

(The Paypers) AmTrust Title has partnered with CertifID for wire fraud prevention, paying for the use of CertifID on all Amtrust-insured transactions as well.

Fraud Prevention 28

Fraud Prevention Wire Wires Transactions 28

Stax

APRIL 23, 2024

That beingbenign said, ACH deposits are not completely free, though they are much more affordable than other wire transfers and credit card processing fees. Wire transactions are also faster, usually taking minutes compared to the several business days However, wire transfers are not as versatile as ACH payments.

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ACH Direct Deposit ACH Network Wire Transfer 88

The Paypers

MARCH 5, 2019

(The Paypers) Canada-based Scotiabank has implemented real-time wire tracking for business customers.

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Wire Wires 28

Payments Source

APRIL 3, 2018

Considering Walmart spent the better part of a decade trying to establish its own bank, it comes as no surprise that the retail giant is aiming big with its latest financial service.

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Wire Wires Cross-Border Payments Cross-Border 63

The Paypers

NOVEMBER 22, 2017

(The Paypers) The US Federal Trade Commission (FTC) announced that citizens who lost money to scammers in wire frauds via Western Union can get their money back.

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Wire Wires Federal Trade Commission FTC 28

The Paypers

MAY 8, 2017

(The Paypers) The US Federal Bureau of Investigation has warned businesses that wire-transfer fraud via spoofed emails surged in the last seven months of 2016.

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Wire Transfer Wire Wires 28

VISTA InfoSec

MAY 12, 2024

To solve this problem, you must routinely inspect all POS hardware for signs of tampering, looking out for strange wires or additional devices attached to card readers or terminals. When used, these devices will collect payment details without the merchant’s knowledge, compromising customer data security.

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PCI DSS Security Compromise Best Practices 274

Bank Automation

DECEMBER 13, 2023

trillion Citibank, plans to use Icon Solutions’ technology to modernize its core payments capabilities globally, including Automated Clearing House payments, wires and […] Citi TTS, the global banking arm of the $1.6

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Transactions Wire Wires Treasury 64

Finovate

APRIL 17, 2024

The new accounts, dubbed Mercury Personal, will offer advanced banking tools such as free wire transfers, multiple debit cards with account-level controls, and will pay 5% APY on savings accounts at launch. Business banking fintech Mercury is expanding into personal banking. The cost is also a differentiating factor.

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Wire Transfer FDIC Wire Wires 52