Breaking Industry News – Friday, November 15, 2019A s the holiday season draws near, cybercriminals are making lists and checking them twice, according to a new study by Arkose Labs. The Q4 Fraud and Abuse Report,” published Nov. 5, 2019, cited a 70 percent increase in bot-driven account fraud. Researchers analyzed over 1.3 billion financial service, ecommerce, travel, social media, gaming and entertainment transactions between July 1 and Sept. 30, and found one in five account openings were fraudulent.
Kevin Gosschalk, CEO of Arkose Labs, said the report shows evolving patterns in global cybercrime, which has become broader and more complex in nature, making incentives and victims more difficult to detect.
Online Edition – Issue 19:11:01By Patti Murphy
W hen a disaster hits – like a hurricane, flood or wildfire – everyone in the affected area suffers. But some suffer more than others. Business owners, in addition to dealing with the consequences for their homes and families, face the unenviable task of getting their shops back on line and recouping lost revenues.
It’s Showtime!
Educating the electronic payment industry
November 18, 2019
Future Branches Austin 2019 Summer Seminar
November 28, 2019
Happy Thanksgiving
December 8, 2019
Marketplace Lending & Alternative Financing Summit 2019
December 24, 2019
Happy Holidays
January 1, 2020
Happy New Years!
Learn how Flexxbuy helps ISOs and agents provide customer financing options for all manner of businesses. It can be a merchant acquisition play as well as a residual play, explains Bob Lovinger, Flexxbuy’s President. Plus James counsels managers on how to recruit high-performing sales reps, and Patti reports on an analysis of spending trends at U.S. small businesses.
NMICompany profile from GS191101
N MI has been serving ISOs, independent software vendors (ISVs), value-added resellers (VARs), and other fintech innovators with payment enablement technology since the year 2000. Based in Roselle, Ill., the company now has branches in New York City; Pleasant Grove, Utah; and Bristol, U.K. The firm processes more than $50 billion in payments annually and supports more than 1,250 technology partners and 128,000 merchants across the retail, transportation, hospitality, medical, nonprofit, parking and vending verticals.
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