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JPMorgan Chase sues customers over viral 'infinite money glitch'

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JPMorgan Chase sues customers over viral 'infinite money glitch'

JPMorgan is suing customers who took advantage of a glitch in the bank's cheque deposit service to withdraw thousands of dollars from its ATMs.

NextGen: AI – Meet the speakers

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NextGen: AI – Meet the speakers

Join Finextra at our inaugural London event next month to redefine the role of AI in financial services.

19% consumer and retail fraud increase in England and Wales reports ONS

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19% consumer and retail fraud increase in England and Wales reports ONS

The Office of National Statistics (ONS) has reported there were approximately 3.6 million consumer and retail fraud incidents in 2024, a 19% rise for the same period in 2023.

AFP: Business continuity starts with careful plans

/security

AFP: Business continuity starts with careful plans

A series of tough questions greeted a room of just-arrived attendees to AFP in Nashville, Tennessee before the keynote address from Malcolm Gladwell who delved into weighty matters, exploring anecdotes and examples from his new book Revenge of the Tipping Point.

Mastercard unveils open banking 'command centre'

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Mastercard unveils open banking 'command centre'

Mastercard has unveiled a set of tools designed to make it easy for people to manage how they share their financial data with third parties.

Global payments in 2024: Simpler interfaces, complex reality

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Global payments in 2024: Simpler interfaces, complex reality

Global payment revenues will remain robust over the next five years, enabling the sector to unlock an additional $700 billion by 2028, according to a McKinsey report.

AFP: Fraud is the biggest painpoint for accounts payables automation

/security

AFP: Fraud is the biggest painpoint for accounts payables automation

Kicking off the first day of AFP, the conference for finance and treasury professionals held in Nashville, Tennessee this year, Mike Watercott, CTP, working capital consultant, US Bank, led a discussion on striking the balance in payments with Andy Sullivan, vice president of channel sales, Bottomline and Cynthia MacGeagh, treasury manager, Clayton Homes.

Why US fintech and banking is at an inflection point

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Why US fintech and banking is at an inflection point

Boston Fintech Week returned this week for its seventh instalment, welcoming industry experts and executives to a two day conference at the Federal Reserve Bank of Boston to discuss the state of banking and fintech at full throttle in the US, and explore what lies ahead.

Banks urged to act now to avoid future quantum catastrophe

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Banks urged to act now to avoid future quantum catastrophe

Banking regulators have put the financial industry on notice that they must begin immediately developing plans for mitigating quantum computing risks.

APP fraud declines in H1; card not present cases up by 26%

/security

APP fraud declines in H1; card not present cases up by 26%

Financial losses from authorised push payment (APP) fraud, romance and purchase scams and impersonation deceptions show a marked decline in the first half of the year, according to new data from UK Finance.

Over 62% of UK cite mobile app fraud as top concern

/security

Over 62% of UK cite mobile app fraud as top concern

62.1% of UK consumers see mobile app fraud as a top concern, with 50% also citing hacking as a fear, according to findings from the Open Worldwide Application Security Project (OWASP) and Appdome.

Swift unveils AI-powered real-time fraud barrier

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Swift unveils AI-powered real-time fraud barrier

Banking co-operative Swift is rolling out an AI-powered anomaly detection service to help banks proactively detect and defend against potential financial crime.

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