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PYMNTS interviews Candler Eve, vice聽president and director of enterprise fraud at聽MidFirst Bank,聽about the problem of invoice聽fraud and why authentication is key to its聽prevention.In an increasingly online world, fraudsters have more聽opportunities to commit fraud and more tools with which聽to do so than ever before. Their overall strategy, however,聽is unchanged: Go after the vulnerabilities. A lot of聽businesses are not accustomed <a href=https://www.stanley-cup.cz>stanley cup</a> to having strong authentication聽and bank account validation procedures and are聽generally unfamiliar with the best practices for fraud prevention.聽Lacking effective authentication, these businesses聽are prime targets for invoice fraud on both the accounts receivable AR and the accounts payable AP side 鈥?and criminals are looking to capitalize quickly. We see invoice fraud with some frequency, said Eve.聽 I can tell you that across the country, it is rising. Much of the invoice fraud Eve encounters falls under the umbrella of聽email compromises. He explained that a criminal posing as someone聽at a company 鈥?such as the CFO, for example 鈥?will email department聽employees asking for money or account information, often in聽the form of a fraudulent invoice. This crime is aided by the fact that聽many companies <a href=https://www.cups-stanley-cups.ca>stanley cup</a> have a simple invoicing process, frequently requiring聽only a basic form <a href=https://www.stanley-germany.de>stanley germany</a> . All a fraudster needs is to get ahold of one聽such form, which is easy enough, according to Eve. The fraudster聽can then doctor the document by changing the bank account number Etep Mastercard Says Canadian Small Businesses Bullish on Open Banking
Walmart has ended its self-checkout service after it failed to become a hit with customers.According to Bloomberg, the retailer decided to offer its Mobile Scan Go technology in about 150 Walmart stores after it was successful across its Sams Club warehouse chain.With the free Scan Go mobile app, customers use a handheld device or their smartphones to scan the barcodes on products as they do their in-store shopping and add products to their carts. The app maintains a running total and list of the merchandise and prices, enabling shoppers to do a聽self-checkout聽via their mobile device instead of waiting in line.But while the service was popular at Sams Club, it didnt catch on with many Walmart shoppers, who found that bagging, weighing and then scanning items 鈥?including fresh fruit and vegetables 鈥?was confusing, as well as a hassle.Walmarts CFO Brett Biggs admitted at an investor conference in March that there were things that make the customer maybe a little more leery of Scan Go. The service not only forced shoppers to step <a href=https://www.cup-stanley-cup.pl>kubki stanley</a> out of their comfort zones, but the large number of items in a typical Walmart basket made the proce <a href=https://www.cup-stanley-cup.pl>stanley termosy</a> ss even more complicated for the retailer customers, acc <a href=https://www.stanleycup.fr>gourde stanley</a> ording to Neil Stern, a senior partner at retail consultants McMillanDoolittle. Even though scan-and-go technology has been around for some time, consumers still dont seem to embrace it the way we anticipated, he said.The service will still be available at Sams Club, wher
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