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5 ways COVID-19 changed the nature of payments fraud

Payments Source

As many businesses and consumers have been forced to deal with the difficult conditions thrust upon them by the COVID-19 pandemic, so too have fraudsters needed to make adjustments just to continue their life of crime.

Crime 205
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Thai Government Adjusts Digital Wallet Handout Plan to Include Cash Payments

Fintech News

The scheme, initially intended to transfer 10,000 baht in digital credits to 50 million citizens for use within their localities, is undergoing final adjustments, with details to be disclosed in an upcoming parliamentary policy statement. is continuing to push forward with the initiative.

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The Role of Digital Payouts In Mitigating The Insurance Industry’s Business Continuity Risks

PYMNTS

Field adjusters aren’t able to physically assess a case, noted Reuter, and over-the-phone strategies have slowed down the process of closing cases and issuing payouts. According to Reuter, the majority of insurance carriers continue to use this disbursement method because it’s familiar to both the insurance carrier and policyholder.

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Uber and others see a long road for pandemic payment habits

Payments Source

The initial adoption wave that mobile and contactless payments have ridden during the first months of the coronavirus pandemic is likely to continue as companies adjust business models to make embedded payment methods a key part of their strategy.

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Fintech Growth Continued Across Lithuania Throughout 2023, Despite Global Economic Downturn

The Fintech Times

Lithuania, the EU’s largest fintech hub by the number of licences issued, enjoyed another year of steady progress despite the continuing global economic downturn. The number of fintechs operating in Lithuania surpassed 270 for the first time, continuing a steady upward trend.

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FedEx Int’l Priority, US Residential Volumes Fuel Strong Q2 Results

PYMNTS

billion in revenue on an adjusted (non-GAAP) basis. billion in adjusted revenue reported for Q2 fiscal 2020. Our strong revenue and earnings growth during the quarter is a reflection of their continued hard work and commitment to our customers,” FedEx Chairman and CEO Frederick W. For Q2 fiscal 2021, FedEx reported $4.83

Volume 105
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Singapore to Launch Two New e-Payment Solutions in Mid-2025 to Phase Out Cheques

Fintech News

To allow sufficient time for adjustment, the deadline for ceasing corporate cheque processing has been extended by one year to the end of 2026. Seniors aged 60 and above as of 31 December 2025 will continue to benefit from waived cheque service fees at major retail banks.