When Your Last $166 Vanishes: ‘Fast Fraud’ Surges on Payment Apps

Charee Mobley, who teaches middle school in Fort Worth, Texas, had just $166 to get herself and her 17-year-old daughter through the last two weeks of August.

But that money disappeared when Ms. Mobley, 37, ran into an issue with Square’s Cash App, an instant payments app that she was using in the coronavirus pandemic to pay her bills and do her banking.

After seeing an errant online shopping charge on her Cash App, Ms. Mobley called what she thought was a help line for it. But the line had been set up by someone who asked her to download some software, which then took control of the app and drained her account.

“I didn’t have gas money and I couldn’t pay my daughter’s senior dues,” Ms. Mobley said. “We basically just had to stick it out until I got paid the following week.”

In the pandemic, people have flocked

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PAR Technology Announces the Release of PAR Payment Services

The new solution provides simplicity, transparency, and hardware funding with a single point of support for both point of sale and payment technologies.

ParTech, Inc. (PAR), a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR) and a leading global provider of point of sale (POS) software and integrated technical solutions to the restaurant industry, today introduced PAR Payment Services to provide an all-in-one payment processing solution for restaurants.

Many restaurants rely on payment processors to handle customer payment transactions, leading to a complicated and frustrating experience fraught with complex pricing models, hidden fees, and poor support. Payment processors further complicate the matter with complex statements, leaving restaurants guessing as to what is and is not included.

PAR Payment Services takes a different approach to payment processing—one that is simple, fast, secure, and allows restaurants choice. Restaurants pay just one simple fee in which PAR clearly indicates what is included

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Airtel Payment Bank allows merchants to use smartphone as ePOS

Airtel Payments Bank on Tuesday has upgraded its app to further simplify its merchant partners with a range of digital benefits that make the payments journey more simplified, including allowing them to convert their smartphone into a ‘Smart ePOS’ device to accept digital payments and also make ‘On-Demand Settlement’.

Smart e-POS (Point of Sale) enables merchants to use their smartphones as a POS machine to accept digital payments and not worry about handling cash.

Merchants simply need to select the Smart ePOS option in the app, and a QR code will appear on the mobile screen for the payments to be made, the company said.

The amount will get credited immediately to the merchant bank account linked to the app. This eliminates the need to have a physical QR code or the need to carry an additional device to receive payments for home deliveries. Also, merchants can accept payments with

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RapidAI Among the First Stroke Imaging Companies with Software Approved for Medicare New Technology Add-on Payment

Stroke Imaging Makes Significant Stride in Reimbursement. Helps U.S. Hospitals More Easily Adopt the Latest Advancements in Stroke Care

RapidAI, the worldwide leader in advanced imaging for stroke, today announced Rapid LVO is among the first software products to qualify for the New Technology Add-on Payment (NTAP). NTAP is part of the CMS Inpatient Prospective Payment System (IPPS). A significant advancement in stroke care and reimbursement for Medicare patients, the news further fuels the expansion of advanced stroke imaging for those technologies that meet the NTAP requirements, foremost Rapid LVO from RapidAI.

The new NTAP program applies to LVO triage and notification for stroke. Rapid LVO explicitly meets the definition of measuring arterial blood flow in the brain per the issued NTAP code definition. RapidAI offers the most comprehensive stroke imaging platform available. Once an LVO (Large Vessel Occlusion) is identified, Rapid ASPECTS can quantify the severity of the stroke,

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Amazon’s New Hand Payment Technology Could Change In-Store Shopping Forever

New Amazon technology, introduced at two Amazon Go stores this week, lets shoppers pay for purchases by holding their hands over a scanner. The system, called Amazon One, may herald a new way of identifying yourself and paying for things that could change the way people shop, enter concerts, use public transportation, and many other things.

You’ve probably used a fingerprint scanner or facial recognition to unlock your smartphone. You already know that your voice and your retinas can be used to positively identify you and give you access to your various devices, and possibly to secure government or corporate facilities. Amazon’s new Amazon One technology takes biometrics a step further by allowing shoppers to pay for purchases with a simple scan of their palms.

To stave off privacy concerns, the company says it is encrypting biometric data before storing it in the cloud, and that the data will be

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Anticipating The Accessibility Of The Amazon One Payment System

Recode reporter Jason Del Rey on Tuesday wrote a story about Amazon’s latest commerce-centric endeavor: the Amazon One payment kiosk. Amazon One is a biometric technology that allows customers to, according to Del Rey, “pay at stores by placing their palm over a scanning device when they walk in the door or when they check out. “ Amazon is rolling out the new technology at its Amazon Go cashierless convenience stores in Seattle, but will expand to its other outposts in the future. The company also hopes to sell the tech to third-party retailers as well.

Del Rey’s piece delves into the privacy issues regarding sending one’s handprints to Amazon’s cloud servers, but there is another interesting use case: accessibility. At first blush, the contactless nature of Amazon One is seemingly a more accessible way to authenticate payment than competitors such as Apple’s Apple Pay. The reason is there

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Amazon palm payment system Amazon One announced

Amazon One lets users enter some of the company’s stores and buy products with the palm of their hand.

Amazon

Amazon wants to speed up shopping trips by letting users pay with the palm of their hand.

The company on Tuesday launched Amazon One, a new biometric technology that enables shoppers to enter and pay for items at stores by placing their palm over a scanning device. In order for it to work, users first have to connect their palm to a stored credit card. After that, users are able to pay with their hand.

To start, Amazon One will be an entry option at two of its dozens of cashierless Amazon Go stores, located near its Seattle headquarters. Over time, Amazon plans to introduce the technology at more of its physical stores in the coming months. 

Amazon also hopes to sell the palm-scanning technology to other companies like retailers,

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How Illinois Facebook Users Can Get A Settlement Payment From A Class Action Unit

Live in Illinois and use Facebook? Bad news: the platform may have stored your information about your face without consent. But now there’s good news: you might be able to claim part of a cash settlement.

Facebook recently settled an Illinois suit which claimed that its collection of “face prints” for its face tagging photo feature violated the Illinois Biometric Information Privacy Act. The suit alleges that the social network stored the prints of users from June 7, 2011, to Aug. 19, 2020, which the company itself disputes.

“We decided to pursue a settlement as it was in the best interest of our community and our shareholders to move past this matter,” a Facebook spokesman told the New York Times about the matter.

Individuals are eligible for the settlement if they resided in Illinois and had a Facebook profile that was stored from June 7, 2011, onward. If you believe

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Viz.ai Granted Medicare New Technology Add-on Payment

SAN FRANCISCO, Sept. 3, 2020 /PRNewswire/ — In a groundbreaking ruling, CMS has granted Viz.ai the first New Technology Add-on Payment (NTAP) for artificial intelligence software. NTAP, part of the CMS Inpatient Prospective Payment System (IPPS), was set up to support the adoption of cutting-edge technologies that have demonstrated substantial clinical improvement and ensure early availability to Medicare patients. In the US, stroke is the number one cause of long term disability, but is a treatable condition if identified early enough. 

Viz.ai has been recognized by Forbes, Fast Company, and AuntMinnie as one of the leading AI healthcare companies in the US. The company provides software that improves clinical and financial outcomes1,2 by streamlining acute care, leading to shorter time to treatment, improved patient outcomes, reduced length of stay, and increased number of procedures. 

“Since using Viz at our center, we have seen a decrease in time to

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