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NewsBriefs

of merchants can accept payments via PayPal. "We're of billing and shipping fraud were Delaware, Oregon
looking to enable payments for our customers' mobile- and Florida, company representatives stated. They also
driven lives, and this upcoming capability allows us attributed a record number of data breaches in 2016 to
to further engage the millions of Wells Fargo custom- vulnerabilities in security infrastructures.
ers who use their debit and credit cards on PayPal to Renewed interest in money order fraud
seamlessly make mobile and online, and now in-store,
purchases," said Jim Smith, Executive Vice President What's old is new again, even in payments. A pair of
and Head, Virtual Channels at Wells Fargo. indictments handed down in April by the Brooklyn
District Attorney, in New York City, shows fraudsters
Facebook Messenger bots emerge in commerce
are still attracted to check scams. The two indictments
A year after launching the Messenger Platform, Face- alleged that fraud involving money order transactions
book unveiled version 2.0 at the mid-April F8 Face- totaling close to a half million dollars took place over
book Developer Conference held in San Jose, Calif. the course of several years.
One notable difference at this year's conference was
heightened activity within the financial community The alleged fraudsters, nine in all, are accused of tak-
to integrate Messenger customer engagement and ing advantage of recent innovations, like mobile check
commerce initiatives. Over 1.2 billion people glob- deposit, and availability schedules that can, at times,
ally use the Messenger app each month, according to provide customers with access to funds from deposits
Facebook.When the instant messaging and chat plat- before deposited items are deemed fraudulent.
form initially rolled out, developers gained access to
Facebook's Wit.ai Bot Engine, which converts natural
language into structured data for au-
tomating conversations using artifi-
cial intelligence (AI). The bot engine Let Be Your EMV Expert!
apparently becomes more intelligent Your EMV Eco-System Made Affordable!
with each interaction. For businesses,
the service provides automated eProcessing Network has the secure, payment solutions to help you stay current with the
technologies that keep your merchants connected. And with real-time EMV capabilities,
response tools to more efficiently retailers can not only process contact and contactless payments, Apple Pay and Android Pay,
interact with customers. they’re able to manage their inventory as well as balance their books via QuickBooks Online.
Experian study finds increased
ecommerce fraud

A new study by Experian
Information Solutions Inc. found a is EMV-Certified
33 percent increase in ecommerce
fraud in 2016, compared with the
previous year. The findings were con-
sistent with Experian's forecasts and
not surprising to security analysts.
Analyzing millions of ecommerce
transactions, researchers concluded
certain geographical regions were
hot spots for cybercriminals. Miami,
Houston, and South El Monte, Calif.,
earned the dubious distinction of be-
1(800) 296-4810
ing top-ranked cities for fraud. The eProcessingNetwork.com © eProcessing Network, LLC. All Rights Reserved.
states with the highest concentration All trademarks are the property of their respective holders.

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