American Express Dramatically Increases Merchant Base
The average yearly spending on American Express cards is significantly higher than that of competing credit cards, which helps explain its thriving network of merchants. The lender’s cards are now accepted at roughly 160 million merchants worldwide, representing a five-fold increase over the past eight years. One of the main reasons for this growth is […]
Insurance Fraud: Not a Problem for Younger People
Younger people are far more likely to consider committing insurance fraud than older generations, a finding that aligns with other age-related patterns in fraudulent behavior. Researchers at the University of Georgia surveyed respondents on whether they would consider such actions such as including damages from a previous incident in a new car accident claim or […]
Fighting Authorized Push Payment Fraud on All Fronts
The modern financial landscape has created fertile ground for authorized push payment (APP) fraud, where victims are tricked into willingly transferring money under false pretenses. The expectation for real-time banking and instant payment settlement means transactions are often completed in seconds—leaving little room for reversal. Cross-border payments have become routine, even for everyday consumer purchases. […]