Accounts payable (AP) automation company Basware has launched a new fraud/error protection solution. AP Protect, announced Monday (April 22), is an artificial intelligence (AI)-powered tool that helps finance teams guard against fraud, profit loss and invoice errors. “In 2023, Basware identified 10,800 incorrect payments made by companies for supplier invoices due to duplicate payments and fraud,” the company said …
Sen. Mitt Romney’s call for enhanced federal oversight of artificial intelligence (AI) faces hurdles, according to experts, who say the technology’s rapid advancement and wide-ranging applications pose significant challenges to effective regulation. Many observers agree that AI can pose risks, but they also point out how hard it is to decide which AI systems need strict …
Oracle Financial Services introduced an artificial intelligence-powered cloud service that helps banks mitigate anti-money laundering (AML) risks. The new Oracle Financial Services Compliance Agent “identifies and remediates vulnerabilities,” the company said in a Monday (April 8) press release. “Putting Compliance Agent in the hands of financial-crime compliance officers will help enable banks to thwart potential money laundering opportunities more …
Visa and Skipify partnered to streamline consumers’ checkout experience with Skipify’s next-generation digital wallet. The collaboration will enable Skipify customers in a growing number of global markets to link Visa Click to Pay cards with their Skipify Connected Wallet, the companies said in a Thursday (April 4) press release. When this direct connection is enabled, Skipify’s identity-powered wallet will recognize the …
Mogilevich, which claimed to have breached Fortnite maker Epic Games last month, was due to release the stolen data this week. However, clicking the link to view what was meant to be a trove of personal information and source code instead led to an announcement. Quoted by Cyber Daily, a spokesperson named Pongo writes, “Unfortunately …
QuickTips For Subscribers: Learn how to use the e-Edition Learn how to access and use the e-Edition USA TODAY NETWORK The Pennsylvania Attorney General’s Office has filed a lawsuit against a business, alleging that it was posing as an internet provider and reselling services it had purchased from telecommunication companies to residents in rural York …
US News By Jerry Oppenheimer Published Feb. 22, 2024, 2:36 p.m. ET Neld Harris is the internet pseudonym of a YouTube creator who baits scammers. Posing as a tech-illiterate 80year-old grandma (bottom right), he turns the tables, revealing their faces to the world — and crashing their computers with viruses. Scam Sandwich/YouTube It’s an all-too …
History tends to repeat itself. For example, picture this: Bitcoin is trading above $50,000 and one of the world’s biggest technology companies just launched a mixed reality headset. Only it isn’t 2021. The year is 2024, and bitcoin has risen from the ashes of a battered cryptocurrency industry, while the newly launched and buzzy mixed …
Using Zelle, Cash App and Venmo apps? Here’s how to protect yourself. Mobile payment apps like Venmo, Zelle and PayPal are becoming more popular in today’s tech world, but they’re also becoming an target for scammers. Anastasiia Riddle, USA TODAY Consumers often view their money in the bank as being safe, but they’re increasingly losing …
Tech By Fox News Published Jan. 28, 2024, 10:48 a.m. ET Imagine walking down the sidewalk and being confronted at gunpoint by a crook. Open the payment app on your phone and transfer out your hard-earned cash, or take a bullet in the head. That’s one phone cash ripoff scenario of many playing out in …