Square opens reader to payment apps, Sunken treasure sinks ICO, How eCommerce “fakers” launder money.

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

August 3, 2018

Cybersecurity

How The eCommerce 'Fakers' Launder Money

Fake it 'til you make it — then “lather, rinse, repeat” is the mantra of the eCommerce fakers who exploit onboarding loopholes and set up fake storefronts to launder transactions. It’s a $352 billion annual problem and, Trulioo GM Zac Cohen told Karen Webster, the fakers could be spotted before they make it, if the industry focused on systems that detect them instead of only on systems that detect their fake transactions.

 

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Apple’s Market Cap

Apple’s Trillion-Dollar Market Cap Sizzle

Apple hit $1 trillion in market cap yesterday — an amazing result — but truly amazing when one considers that 22 years ago, Apple was nearly bankrupt and being written about in the past tense. What a difference 22 years — and the invention of the iPhone and app store — can make.

 

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Payment Platforms

How Payment Platforms Simplify Travel Payments’ Complexity

No more plastic and no more relying solely on virtual cards. Hyperwallet MD Bill Crowley explains why corporate travel is well beyond the purview of OTAs, and why transparency is key to managing transaction flows across currencies and borders.

 

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mPOS Tracker™

TRENDING: mPOS And Transit — Where’s The Fit?

While transit systems around the world turn to apps and contactless payments for speed and efficiency, many are seemingly creating service gaps. After all, many consumers don’t prefer downloading mobile apps, and most carry credit cards. Could mPOS solutions be the answer to transit payment troubles? In the latest Mobile Point-of-Sale Tracker, Ric Salvatici, VP of Digital Solutions at rail operator Keolis Commuter Services, tells PYMNTS how the company’s mPOS solution is helping meet conductors’ need for speed and consumers’ payment preferences.

 

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