PYMNTS

DECEMBER 12, 2017

Paper checks for domestic suppliers, wire transfers for international ones. The Association for Financial Professionals (AFP) released its 2016 Electronic Payments Survey earlier this year and found that use of paper checks in B2B payments actually rose 1 percent compared to 2013 levels.

Accounts 44

Accounts Wire Transfer Wire Wires 44

PYMNTS

DECEMBER 18, 2017

Targets reportedly included a New York investment company that, according to court documents, received two requests for wire transfers totaling more than $100,000. Department of Justice last March against a Lithuanian man for his alleged role in criminal activities including business email compromise scams between 2013 and 2015.

Scams 41

Scams Email Compromise Compromise Wire Transfer 41

Green.Money

AUGUST 16, 2019

Wire transfers are costly, and in many cases, take a trip to the bank. Bitcoin can be transferred from any device, to and from anywhere in the world, 24-hours a day, 7-days a week. It happened in 2012-2013 and again in 2016-2017. In some industries, credit cards have a national chargeback average of 8%.

Bitcoin 52

Bitcoin Wire Transfer Checks Non-Bank 52

Clearly Payments

MARCH 4, 2024

Target Data Breach (2013) In the saga of payment processing fraud, few chapters loom as large as the Target data breach of 2013. With harvested data, perpetrators conducted unauthorized transactions, including wire transfers and credit card purchases, exploiting compromised accounts for financial gain.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

AUGUST 22, 2016

Take wire transfers, for example. “They have to initiate a wire or money transfer from a bank account to each local account, and that’s a lot of manual transacting going on,” he said. ’s approach with wire transfers and other less-streamlined rails as “archaic.”

Payroll 41

Payroll Cross-Border Wire Transfer Wire 41

PYMNTS

APRIL 11, 2016

Cybercriminals are making bank from wire transfer scams conducted through email — the FBI estimates more than $2.3 billion since 2013. BlueSnap CEO Ralph Dangelmaier tells Karen Webster about how their work with AutoDesk has given rise to a whole new SaaS business model to explore – and monetize.

ATM 40

ATM Wire Transfer Scams Compromise 40

PYMNTS

SEPTEMBER 14, 2017

High-ranking executives and rank-and-file employees alike, if uninitiated, could be duped into sending funds via wire transfer or revealing information necessary for cybercriminals to pull off their fraudulent schemes,” Trend Micro warned in its report, as reported in the International Business Times.

Scams 41

Scams Email Compromise Business Email Compromise Compromise 41

PYMNTS

AUGUST 5, 2019

For one, traditional money movement methods like wire transfers can be costly, and card payment acceptance requires merchants to accept processing fees. Security is important, though, as the tally of major publicly reported cyberattacks rose 165 percent between 2013 and 2017.

Cross-Border 46

Cross-Border ISO 20022 Cross-Border Payments Payment APIs and Integration 46

PYMNTS

JULY 8, 2019

There are no overdraft fees, and other banking services like wire transfers are charged at their cost — roughly $.082 082 per transfer. Indeed, when he was talking to potential Aspiration investors back in 2013 and 2014, he told Webster, his vision didn’t exactly spark confidence among the people with money. “It

Wire Transfer 46

Wire Transfer Credit Union Consumer Wires 46

PYMNTS

JUNE 20, 2016

Most, the bureau noted, involved requests for wire transfers into bank accounts in Hong Kong and China, though 79 nations were identified within these requests, reports said. The business email compromise has created more than 22,000 cases in the U.S. and elsewhere, the FBI found, leading to requests for $3.1 billion in losses hit U.K.

Email Compromise 41

Email Compromise Bitcoin APACS Wire Transfer 41

Stax

APRIL 4, 2024

“Rather, in moments from opening our invoices, clients become aligned as partners with us toward eliminating usurous credit card fees, and conversations jump to, ‘What about payments via debit cards, ACH, wire transfers, and such?’” district court in 2013 were credit card surcharges made legal in 40 states.

Credit Cards 68

Credit Cards Legal Laws Rules 68

Fintech Labs Insights

SEPTEMBER 21, 2016

Prosper Marketplace reports its 2016 portfolio is on pace for its highest estimated return since 2013. Guardian Analytics partners with The Pathfinder Group to streamline realtime wire fraud prevention for wire transfer system customers. EVRY launches cloud services with global capacity and secure data storage in Norway.

Wire Transfer 17

Wire Transfer Wire Wires Fraud Prevention 17

PYMNTS

APRIL 14, 2017

Last year the AFP marked an unexpected reversal in the decline of the use of checks in B2B transactions, inching up 1 percent to 51 percent last year compared to 2013 levels (that survey is conducted every three years). Carlsson noted earlier research released by the AFP for its analysis of the use of electronic payments among corporates.

AFP 40

AFP B2B Business Email Compromise Email Compromise 40

PYMNTS

JULY 28, 2016

Though it can be traced back to 2004 and was revised as recently as 2013, the ISO 20022 framework is still a source of confusion across the payments industry. Unlike the situation with high-value wire transfers, there’s no wide-scale conversion planned for ACH. NACHA calls this work integration.

ISO 20022 40

ISO 20022 ISOs NACHA ACH 40

Fintech Labs Insights

NOVEMBER 30, 2015

and won the “Mobile Money Deployment in Europe” award at the Mobile Money and Digital Payments Summit in Dubai in 2013. Last month, Dwolla partnered with the Chicago Mercantile Exchange, bringing its real-time payments technology to the clearing process and replacing both ACH and wire transfers.

Wire Transfer 14

Wire Transfer P2P Wire Wires 14