I have had the privilege to present the vision of tethered digital money both to the Federal Reserve and to the Peoples’ Bank of China, the PBOC. My business was good in both countries, but the response was vastly different. In the United States, the financial leadership became exceedingly anxious …

After years of working with Internet firms and payments and tech companies to develop its authentication standards, the Fast IDentity Online (FIDO) Alliance on Wednesday unveiled a Web site to familiarize consumers with its work and a symbol that indicates a Web site or device is using its technology. The …

Jack Dorsey, co-founder and chief executive of merchant processor and business-software provider Square Inc., on Tuesday pledged $1 billion for Covid-19 relief, and Mastercard Inc. committed $250 million over five years to help small businesses hit hard by the economic slowdown caused by the highly infectious disease. Those two announcements …

Losses from identity fraud grew 13% in 2019 to $16.9 billion even though instances of ID fraud fell nearly 10%, according to the newly released 2020 Identity Fraud Report from Javelin Strategy & Research. The study also found that person-to-person payments fraud increased 733% from 2016 to 2019. Based on …

The best place to start fighting fraud is at the first interaction, not at the order form. More and more businesses are seeing the convergence of fraud prevention, cybersecurity, and customer experience. From preventing the theft of data to stopping chargebacks to protecting the customer journey, there is a need …

“Social distancing,” the idea that we can slow down the spread of the novel coronavirus by isolating ourselves as much as is practicable, could help fight the disease but may also have bad knock-on effects of its own. It could shut down restaurants and other socially minded businesses, causing layoffs …

“Can I trust you?”  The ability to answer this seemingly simple question can help online merchants stop fraud and increase sales like never before. In fact, it’s a question that we at Kount answer billions of times per year for our customers.  In today’s digital world, fraud-prevention solutions use artificial …

Payment-related fraud continues to diversify as EMV chip cards make counterfeit fraud at the point of sale far harder to commit. For example, the FBI last September said cumulative global losses, as reported to the bureau, from business email compromises and other email fraud totaled $26.2 billion from June 2016 to …

Encryption that is mathematically secure is readily available, but not used. Many Microsoft Windows vulnerabilities are known, but not publicly exposed. Digital payment without the Internet is possible, but not pursued. These pathways to cyberspace are left untreaded because a quarter-trillion-dollar industry (2023 projection) is thriving on cyber war (see …

How will 2019 be remembered for data breaches? Not well. The number of U.S. data breaches tracked by the Identity Theft Resource Center increased to 1,473, a 17% increase from 1,257 in 2018. Drilling into the payments sector, the increase was larger, according to a newly released report from the …