| CFPB consumer complaints up 50 pct., Pandemic exposes cracks in unemployment insurance fraud systems, Mastercard takes crypto to the POS | | | Preventing Financial Crimes Playbook |
| Radius Bank: Becoming Partners In Crime Prevention Can Help FIs Beat Fraud Rings Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, executive vice president at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In this monthâs Preventing Financial Crimes Playbook, Tremont lays out how. |
| How Mastercard Is Taking Crypto To The Point Of Sale Cryptocurrency has long suffered from the defect of being virtually unspendable, but an expansion of Mastercardâs partner program enables crypto platforms to issue cards that turn crypto into fiat currency for transacting wherever Mastercard is accepted. Raj Dhamodharan, Mastercardâs executive vice president of digital asset and blockchain products and partnerships, tells Karen Webster how it works, and why itâs really no different than any other multi-currency digital wallet. |
| Why Traditional Fraud Methods Failed To Stop Public-Payout Systems Fraud The COVID-19 crisis didnât create public-payments fraud, but the recent explosion of cases exposed just how broken the system already was, GIACT CEO and Co-founder Melissa Townsley-Solis tells Karen Webster. The good news is that technology exists to radically help the problem, she says. The only hard part is getting it into the right hands fast enough to beat the fraudsters. |
| PSCU CEO: Credit Unions And Microbusinesses Collaborate To Reopen/Restart The Economy Microbusinesses are absolutely vital to the U.S. economy, but the pandemic will make their overall economic recovery that much harder, PSCU President and CEO Chuck Fagan tells Karen Webster. Here’s how he sees credit unions and microbusinesses helping each other as each individually, and collectively, work to restart and reopen the economy. |
| Survival Of The Fittest And SMBs' Great Digital Shift Almost every business has had to make digital shifts as the pandemic shut down physical commerce worldwide. But Alex Burgin, vice president at Authorize.Net, tells PYMNTS that the crisis has also made their focus on digital a must-have rather than a nice to have. Here’s how SMBs are heeding the call. |
| | Merchants Guide To Navigating Global Payment Regulations | | New Report: Mercado Pago On How Mobile Bridges The LatAm Banking Gap With nearly 50 percent of the Latin American population unbanked, there's a growing appetite for mobile banking services. And the ongoing pandemic is only accelerating this trend, says Paula Arregui, chief operating officer for Mercado Pago. In the latest Merchants Guide To Navigating Global Payment Regulations, Arregui discusses how merchants can best adjust to open-banking rules and tailor their offerings to meet the needs of a mobile-first, unbanked customer base. |
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