Payments News

On The Web

nbsp;

Security

Why Paper Receipts are Money at the Drive-Thru

Check out this handmade sign posted to the front door of a shuttered Jimmy John’s sandwich chain shop in Missouri last week. See if you can tell from the store owner’s message what happened. If you guessed that someone in the Jimmy John’s store might have fallen victim to a Business Email Compromise (BEC) or “CEO fraud” […]
nbsp;

Security

More Crooks Tapping ‘Synthetic Identity Fraud’ to Commit Financial Crimes

“Identity theft remains a popular way for cybercriminals to ruin your credit score. But to steal even more and evade detection, a growing number of crooks are resorting to what’s called “synthetic identity fraud,” which involves creating fake personas to dupe lending agencies…To stop synthetic identity fraud, the US is developing the Electronic Consent Based Social […]
nbsp;

Security

Payments Platform Stripe Launches Authentication Feature

“Stripe, a financial infrastructure platform for businesses, today announced the launch of a delegated authentication feature to improve payment conversion rates in Europe. Stripe businesses can now have their customers authenticate purchases right inside a checkout flow. Wise is the first card issuer to implement the feature. As a result, cardholders will no longer be […]
nbsp; nbsp;

On The Wires

nbsp; nbsp; nbsp; nbsp; nbsp;

Security

Very Good Security (VGS) Extends VGS Payment Optimization With Network Tokens

“Very Good Security (VGS), the modern standard for secure storage, exchange, and optimization of the world’s payment data, today announced that the VGS Payment Optimization suite now offers Network Tokens, a new feature that enhances the security of payment transactions while minimizing fraud and improving approval rates. A network token is a unique randomly generated […]