Survey: Payments fraud increasing

first_imgA survey revealed that more than 80 percent of organizations – including financial institutions and other businesses – suffered from payments fraud in 2018. Fraud was also more common among larger institutions: 87 percent of those with revenue more than $1 billion experienced fraud compared to 69 percent of those with less revenue.In addition, business email compromise (BEC) scams increased last year, with more than half reporting financial losses as a result. BEC scams are used to gain access to a business email account and imitate the owner’s identity in an effort to defraud a company.While checks are most likely to be impacted by fraud, organizations reporting check fraud continues to decline. Fraud activity related to ACH debit and credit is on the rise.The report, released by the Association for Financial Professionals and sponsored by J.P. Morgan, included responses from more than 600 treasury and finance professionals. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Ray Sarmiento named Player of the Week

first_imgFor the second time this season, USC sophomore Ray Sarmiento earned Pac-12 Player of the Week.Sarmiento, who is the third consecutive USC tennis player to earn the honor, captured two doubles victories and two straight-set singles wins for the No. 1 Trojans (21-0, 2-0) in their two-game road trip to kick off conference play.Ranked No. 23 in the nation in singles, Sarmiento chalked up a 6-4, 6-3 win over Emmett Egger in the Trojans’ 7-0 win over No. 22 Washington in their Pac-12 opener last Friday.Sarmiento topped Oregon’s Robin Cambier 6-0, 6-1 a day later for the team’s first singles win against the Ducks. His efforts helped USC garner another 7-0 sweep, which became USC coach Peter Smith’s 200th win with the Trojans. Sarmiento is now 14-3 in dual match singles and 29-8 overall, with four consecutive wins on record.In doubles, Sarmiento paired up with senior Daniel Nguyen for an 8-2 win against the Huskies and an 8-3 victory against the Ducks. Together, the No. 18 duo in doubles, improved to 15-2 in dual matches and 20-4 overall for the season.Sarmiento was the first Trojan to take Pac-12 Player of the Week honors on Jan. 30 and now has four career selections as Player of the Week. Seniors Nguyen and Steve Johnson and freshmen Roberto Quiroz and Yannick Hanfmann comprise the other USC men’s tennis players who have earned the honor this season.After their successful conference opener, the Trojans will travel again for two road games against Utah (11-7, 0-2) on Friday at 12:30 p.m. and Arizona (5-12, 0-2) at 11 a.m. Saturday.last_img read more

Prithvi Shaw 2.0 vows to make a comeback on his 20th birthday after doping…

first_imgPrithvi ShawAdvertisement f8fNBA Finals | Brooklyn VsylcWingsuit rodeo📽Sindre Ead( IG: @_aubreyfisher @imraino ) 7a8icWould you ever consider trying this?😱piCan your students do this? 🌚7qdRoller skating! Powered by Firework Prithvi Shaw, one of India’s most promising talent, looks all set for a comeback after serving an eight-month suspension for a doping violation. The BCCI suspended Shaw in July, earlier this year, after he was tested positive for Terbutaline. And today, on his birthday, the youngster shared a video on social media where he is seen practicing in the nets and promised to comeback in a newer version.Advertisement “I turn 20 today. I assure it will be Prithvi Shaw 2.0 going forward. Thank u for all the good wishes & support. Will be back in action soon. #motivation #hardwork #believe.” Shaw posted on Twitter.Advertisement The chairman of the Mumbai’s selection panel, Milind Rege, on Friday, stated that they are discussing a potential return for Shaw in the upcoming Syed Mushtaq Ali Trophy squad.“He will be free to play from [November 16], so of course he will be considered for selection. I can’t make any commitment to whether he will be back, but we will certainly discuss his selection,” he said.On February 2019, the young cricketer was found guilty for doping violations during a Syed Mushtaq Ali Trophy match in Indore and the BCCI stated that they had found traces of Terbutaline from the urine sample, provided by Shaw.“Prithvi Shaw, registered with Mumbai Cricket Association, has been suspended for a doping violation. He had inadvertently ingested a prohibited substance, which can be commonly found in cough syrups,” BCCI declared in a statement.However, Shaw proved his innocence and was handed only an eight month ban as the board officials stated that they were satisfied with his explanation; that the drug Terbutaline was used ‘inadvertently’ to treat a Respiratory Tract Infection and not as a performance-enhancing drug.Read also:BCCI strategising to introduce exciting ‘Power Player’ concept in IPL  Advertisementlast_img read more

Virat Kohli reacts after India pulls off massive chase: ‘80% of the crowd was…

first_imgImage Courtesy: AFPAdvertisement kqhNBA Finals | Brooklyn Vs44mWingsuit rodeo📽Sindre E70md( IG: @_aubreyfisher @imraino ) 2c3Would you ever consider trying this?😱6r4Can your students do this? 🌚1z532rxRoller skating! Powered by Firework A stunning comeback against Australia in the last ODI series at home. A brilliant start against New Zealand on the start of the T20 series on away soil. Team India is not only fulfilling the expectations, they are also conquering the hurdles in between. A 3 match ODI series, followed by flying to another country within three days- and snatching an amazing chasing victory, it has all been a major leap forward for Virat Kohli and the team.Advertisement Image Courtesy: AFPPreviously what felt like a hectic schedule for Virat Kohli, turned into savoury for the team, as the skipper himself said himself after today’s win in Auckland: “We enjoyed this. Landing two days before and playing a game like this, it was fantastic… This sets up for the whole tour for us.”As the hosts put up a total of 203 in the first innings, it was the stormy duo of KL Rahul and Shreyas Iyer, along with Kohli’s own blasts that got the Men in Blues winning the match with 5 wickets remaining.Advertisement Kohli mentioned that the atmosphere at the Eden Park Stadium was perceived as home crowd, which turned out to be a big factor for chasing down a hefty target. The 31 year old continued: “Felt like 80 percent support was for us and the crowd was right behind us. You need that sort of push chasing 200 plus. We never spoke of the jet lag in the team. We didn’t want any excuse.”While missing his half century by just 5 runs, Kohli is now the highest Indian run scorer against The Black Caps. Along with the captain’s 45-off-32, KL Rahul opened up with a stormy 56 runs from 27 balls, along with Shreyas who kept his strike till the end at a 29-ball-58. The latter was named the Man of the Match.Advertisement However, Kohli mentioned the contribution of India’s bowling squad for keeping a star stunned Kiwi batting order near 200, while Colin Munro, Ross Taylor the skipper Kane Williamson all putting up scores past 50s.“You can’t be harsh on anyone on this kind of pitch. I think we did well in the middle overs, to restrict them under 210 was a good effort,” he added.The second T20 match is on Sunday at Eden Park.Also read-NZ vs IND 1st T20 Review: KL Rahul and Shreyas Iyer bring the thunder as India chase down NZ’s total Advertisementlast_img read more