Most states in the United States are onboard with the cultivation and use of industrial hemp, according to the 2018 U.S. Hemp Crop Report released by the advocacy group, Vote Hemp. The report details state-by-state progress of legislation, lists acreage of hemp grown, identifies states with active pilot farming programs, showing that many states are on the same page with...
Worldwide, Facebook has more than 2.3 billion users. The Silicon Valley social media platform has used its number of users to lure advertisers to its pages. However, it wasn’t until recently that it came to light that a staggering number of its users include fake Facebook accounts, which were set up by spammers and scanners to break the rules or...
Payment providers embrace push payments as two companies announce new disbursement services Atlanta-based Repay and San Antonio, Texas-based Payment Data Systems Inc. announced this month that push payments, also referred to as buyer-initiated payments or instant funding are among their new service offerings. The companies say push payments are giving consumers the instant funding options they crave. How Push Payments...
The fast-moving world of payments technology, also known as fintech, continues to threaten the revenue flows of banks and the way the world does business. However, some fintechs have recognized how banks and payments can collaborate to build a better customer experience through innovation and speed. Those that continue to work alone and not work to become allies instead of...
The online gaming industry is ripe for fraud. They games deal with many, low-cost transactions that need to be approved in real time, so it does not ruin games for players. The almost real-time nature of these transactions makes it more difficult to catch fraudsters before it’s too late. Fraudsters continue to get more sophisticated. They are always looking for...
Any security measure is only as strong as its weakest link. The same rings true for biometrics security. Biometric data, often considered the most secure, however it is only as secure as the system that protects it. Biometric data, which uses fingerprints, visual cryptography, and facial recognition technology to make a secure online transaction or access other confidential information,...
By now, everyone knows that Facebook not only cashed in the rampant friendly fraud generated by kids unintentionally or without parents’ knowledge downloading games from the platform, but it encouraged the practice. A few years ago, the social media giant informed its employees of friendly fraud and explained how it should not try to block it. The result was some...
According to consumers, cash is no longer king. Approximately three in 10 Americans said they do not buy anything with cash in a typical week, according to the Pew Research Center. Meanwhile, the number of people who say they only use cash for their purchases dropped from 24% in 2015 to 18%. With millennials leading the charge, the most common...
Faudsters continue to up the ante when it comes to the gambling industry. Credit card fraud increased by 155 percent over the past five years, reflecting an average annual growth of 39 percent, according to the Gambling Industry Report released by the TransUnion-owned antifraud technology provider iovation. The reports analyzes the trends that drove online gambling in 2018. Though no...
Every consumer wants an easy, smooth, safe payment experience, and that’s exactly what Payment Services Directive (PSD2) fraud rules aim to do. This is also why payment service providers are encouraged to talk to their customers about it. By September 2019, any business with substantial European volume will need to implement strong authentication requirements as another way to ensure consumers’...
