Friction From Fraud-Fighting Weighs Heavily on Consumers
While retailers recognize the importance of fighting fraud, their attempts to mitigate it often make things difficult for consumers. More than three-fifths of U.S. e-commerce businesses and 58% of U.S. retail businesses reported increased customer churn due to fraud prevention measures, according to a LexisNexis True Cost of Fraud study. The study broke down the […]
As the Tax Deadline Looms, Cybercriminals Ramp Up Phishing Attacks
For years, criminals have attempted to impersonate the U.S. Internal Revenue Service (IRS), tax preparation services, and other entities during tax season. However, this year, cybercriminals present an even greater threat due to increasingly sophisticated technology, according to Microsoft. The tech giant reported discovering several tax-themed phishing campaigns designed to deliver malware or remote access […]
Why the U.S. Trails the World in Faster Payments
While faster payments have gained some popularity in the United States, many other countries have surged ahead in adoption. China, Brazil, and the UK have all benefited from proactive measures to promote instant payments. In contrast, the U.S. market, led by RTP and FedNow, holds a smaller share, making steady but slow progress. What needs […]