PayPal Gets Approval to Facilitate Cross-Border Payments in India
Amid a flurry of initiatives, PayPal has received an in-principle nod to become a cross-border payments aggregator in one of the world’s largest markets. In recent years, the Reserve Bank of India (RBI) has brought cross-border payments under a tighter regulatory framework, requiring all companies to obtain a payment aggregator cross-border (PA-CB) license. Due to […]
Filling a Key Gap in Check Fraud Detection
In the never-ending battle against check fraud, a new capability may help address a frequently overlooked area of risk. ParaScript, a company specializing in AI-powered document processing, has introduced a feature that can detect, read, and interpret handwritten or stamped endorsements on the back of checks. The update to Parascript’s check recognition solution, CheckXpert.AI, enables […]
The Hidden Threats in Online Marketplaces
E-commerce scams continue to plague online shoppers and now account for the majority of the consumer fraud reports fielded by the Better Business Bureau. With social media influencers playing a leading role in selling merchandise online, shoppers are warned to take extra care against these increasingly sophisticated scams. In Fake Deals, Real Trouble: Cyber Risks […]