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The Evolving Face Of The Fight Against Fraud

Fighting fraudsters is a problematic realm in the digital era because fraud stubbornly refuses to be a static target. Instead, digital fraud is an ever-evolving and improving field of endeavor that is always readying for its next evolution. It looks for its next entry point and adopts the latest technology or methodology to make getting the job done — and making off with ill-gotten data or funds — easier to do from the inside and...

pymnts.com pymnts.com

The Evolving Face Of The Fight Against Fraud

Fighting fraudsters is a problematic realm in the digital era because fraud stubbornly refuses to be a static target. Instead, digital fraud is an ever-evolving and improving field of endeavor that is always readying for its next evolution. It looks for its next entry point and adopts the latest technology or methodology to make getting the job done — and making off with ill-gotten data or funds — easier to do from the inside and...

digitaltransactions.net digitaltransactions.net

QuickBooks Suffers Payroll ACH Failure and other Digital Transactions News briefs from 4/30/21

A processing failure has interfered with direct deposit of payroll for an undetermined number of businesses using Intuit Inc.’s QuickBooks payroll service. In response to numerous posts on Twitter about the incident, Intuit posted a link to the following notice: “Some payroll customers are reporting they have not received their direct deposit payments scheduled for Friday (April 30, 2021). We are actively working to determine...

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COVID Leaves Lasting Impact On Digital KYC And AML Efforts

In the digital-first economy, criminals have been acquiring and honing various areas of expertise, scamming customers, the payments firms operating the infrastructure, and of course, merchants. Money laundering, money mules and other attack vectors are seizing on novice consumers pivoting to the internet to get everyday life done (and even receive their stimulus payments). The story that has been influenced by the pandemic is being...