Articles for tag: consumer safety, digital payments, digital wallets, e-commerce growth, fraud prevention, Payment Trends 2025, secure transactions

January 21, 2025

Strengthening Digital Payment Security: Essential Strategies for Safe Transactions and Risk Mitigation in Today’s Online Environment

As we move into 2025, the payments landscape will significantly evolve with a growing reliance on digital payments. Last year marked a turning point, with 92% of Americans using digital payment methods. Consumers will increasingly demand quick and easy transactions, driving the adoption of digital wallets. Traditional payment methods like cash and checks will continue ...

January 21, 2025

Market News

Crypto

Strengthening Digital Payment Security: Essential Strategies for Safe Transactions and Risk Mitigation in Today’s Online Environment

As digital payments become a part of everyday life for Americans, the industry is set for significant changes in 2025. Recent data shows that 92% of Americans made digital payments in 2024, pushing the need for speed and convenience. Consumers expect quick, easy transactions, driving the growth of digital wallets. As cash and checks decline, ...

January 1, 2025

Market News

Crypto

Discover Future Payment Trends by Analyzing Past Developments in Payment Technologies and Consumer Behavior Insights.

As 2024 comes to a close, PYMNTS’ “What’s Next in Payments” series has captured key insights from industry leaders about the evolving landscape of banking, payments, and the connected economy. Highlights include discussions on the future of generative AI in finance, the transformation of banking as institutions adapt to consumer demands, and advancements in payment ...

December 28, 2024

Market News

Crypto

Brooklyn DA Targets Crypto Scams Affecting Russian Community: Protect Yourself From Fraud Risks

The Brooklyn District Attorney’s Office is actively fighting cryptocurrency scams, particularly aiming to protect the Russian-speaking community in Brooklyn. After identifying over 1,200 victims, the office dismantled a fraudulent network by seizing mail servers from scammers, which led to alerts being sent to individuals potentially affected. Many victims were tricked into investing through deceptive ads ...

December 18, 2024

Market News

Crypto

Discover Why Visa Inc. (V) is the Top Choice for Digital Currency and Payments Stock Investment Opportunities Today

The digital currency and payments sector is growing quickly, influenced by technology and changing consumer habits. With the global digital payments Market valued at $115.93 billion in 2023 and projected to reach $180.26 billion by 2028, companies like Visa Inc. are leading the way. Visa, ranked as the top digital payment stock according to hedge ...

December 17, 2024

Market News

Crypto

Revolut Launches Enhanced Fraud Protection for Crypto Customers to Boost Security and Trust

Revolut plans to enhance security for its cryptocurrency customers next year by introducing new anti-fraud measures. Alex Codina, the general manager for merchant payments at Revolut, highlighted the ongoing issues with fraud in the crypto space. To address this, Revolut will allow crypto firms to integrate Revolut Pay, enabling safer crypto purchases at checkout. Current ...

December 16, 2024

Market News

Crypto

Musk’s $20 Million Cryptocurrency Giveaway: Viral Deepfake Video Sparks Confusion and Debate Online

A fake video of Elon Musk claiming a $20 million cryptocurrency giveaway has gone viral, causing confusion among viewers. In the deepfake clip, Musk promotes a website called Elon4u.com, urging people to join the giveaway quickly. However, the video has been debunked as a scam, with crypto consultant DogeDesigner warning users not to fall for ...

December 13, 2024

Market News

Crypto

FBI Strikes Rydox Marketplace, Seizes $225K Cryptocurrency and 7,600 Pieces of Personal Identifiable Information

The U.S. Department of Justice has successfully shut down the Rydox marketplace, a platform involved in the sale of stolen personal information and tools for cybercrime. Three Kosovo nationals, who were administrators of the site, have been arrested, with two expected to be extradited to the U.S. since its launch in 2016, Rydox generated over ...

December 7, 2024

Market News

Crypto

Signs on Cryptocurrency Machines: Essential Warnings Against Scams You Need to Know

The Yavapai County Sheriff’s Office has started putting up signs on cryptocurrency machines to warn people about potential scams. Arizona Attorney General Kris Mayes reached out to local business owners on November 13, asking for their help in combating this issue, as many residents—especially older adults—have lost significant amounts of money to scams over the ...

December 6, 2024

Market News

Crypto

Spokane City Council Urges State Protection for Cryptocurrency Users Amid Growing Digital Currency Concerns

In 2023, Washington faced a surge in cryptocurrency scams, prompting the Spokane City Council to support new state laws aimed at protecting users of virtual currency kiosks. These changes would restrict withdrawal limits and regulate fees to combat fraud, as cryptocurrency is not insured and difficult to recover when lost. Additionally, Spokane’s code enforcement team ...