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B2B Payments Fraud Tracker

Faster Payments, Real-Time Payments And A Few Glitches

Payments fraud on the high seas, perhaps, as a global shipper may have been involved with fake transactions and shell companies. Elsewhere, ransomware gets a roadblock and procard misuse goes to school, literally.

VC Investments

VCs Act On Cannabis' FinTech Opportunities

As legal cannabis spreads, the industry is a big opportunity for FinTech. Not to mention, industry players struggle to manage intense compliance requirements and limited access to traditional financial services. In this week's rundown, the industry landed the most funding among B2B FinTech firms, though other bright spots include cybersecurity, finance and a startup working to prevent firms from losing money when employees commit expense fraud.

How Open Banking Will Test Banks' Data Security Strategies

Global FIs might be able to withstand the financial impact of occasional fraud, but as cyberattackers deploy systematic, automated attacks with stolen credentials, banks are facing new data security challenges. Sumit Agarwal, co-founder and VP of product management at Shape Security, tells PYMNTS that initiatives like Open Banking are intensifying these risks — in more ways than one, and in some ways the market might not yet understand.

What's Hot

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Best Of Yesterday

Cannabis Logistics Finds Opportunity In Uncharted Territory: WAYV

Faster Payments, Real-Time Payments And A Few Glitches

WEX Eyes Corporate Payments M&A Push To Reach Beyond Fleet