Account takeovers spike in Q2, Uber use drops with corporates, and Amazon Business launches Prime shipping.
| | | | BUSINESS TO BUSINESS EDITION | | Citizens Looks Toward Collaboration To Greet B2B Payments Disruption
Getting businesses to ditch paper and embrace ePayments is a two-way street: Both buyer and supplier have to be on board. But thereâs also a third party that plays a key role in this shift. Banks are in a position to facilitate the shift to digital corporate payments, a trend that Citizens Bankâs head of treasury solutions, Michael Cummins, and head of product solutions, Matt Richardson, said shows no signs of stopping. They tell PYMNTS why FinTech collaboration offers an even stronger way for banks to embrace B2Bâs digital evolution.
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| FinServ IT Professionals Grow Worried As Bank Breaches Climb
More financial services players are reporting they have been hit with a data breach this year compared to last year, according to the latest data from Thales e-Security. In the cybersecurity firm's latest report, FinServ IT professionals air their worries as organizations relocate data to the cloud â sometimes without first safeguarding it properly.
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| | Global Fraud Index™ | | NEW DATA: Global Account Takeovers Spike 45 Percent
While stealing financials has long been bad actorsâ go-to scheme, fraudsters have found a new favorite: account takeovers. According to the latest Global Fraud Indexâ¢, a PYMNTS and Signifyd collaboration, account takeovers last quarter jumped 45 percent, costing merchants $3.3B in Q2 2017 alone. And, with 143M Americansâ account details exposed by the Equifax breach, account takeoversâ reign of terror may just be beginning. That and 900 more data points on the global state of fraud inside the latest Index. Read More... |
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