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The Life And Times Of A Most-Wanted Fraudster

PYMNTS

Account takeover fraud , card-not-present (CNP) fraud, tax fraud, selling stolen financials, selling fake bank accounts, the Dark Web: If security experts are fighting it today, chances are that Brett Johnson was there when it started. He would buy a system at Best Buy for $99, reprogram the card inside and resell it for $500.

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Gentle Monster Background Founded in 2011 by Kim, Gentle Monster initially struggled to break through against large brands like Luxottica which controls an estimated 30% of the US market, and is behind almost every single designer eyeglass brand you can think of, including Ray-Ban, Oakley, Armani, Ralph Lauren, Chanel, Prada and many more.

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How Patreon Overcame Its Subscription Struggles

PYMNTS

The company’s origins date to 2011, when Founder Jack Conte uploaded a high-concept music video to YouTube. They set up creator pages and add a slew of illegitimate patrons, who then pay the false creator with stolen credit card data. Patreon has seen its share of bad actors, many of whom use the platform for money laundering.

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How SMB FinTech Firms Boost Data Sharing Without Open Banking

PYMNTS

” It was the latter for Wave, which recently acquired small business account and debit card solutions provider Every. Yet open banking also raises questions and concerns about the security and privacy of that customer data as it moves between platforms. “For us it was, do we build this ourselves, or do we acquire?”

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Fintech Startup of the Week: Secure to Make Emergency Savings Plans as Ubiquitous as the 401k

Fintech Labs Insights

Just out of stealth, Seattle-based fintech startup Secure Save is on the winning side of all these trends. That’s what Secure is launching. Like a retirement plan or HSA, employees agree to have a small percentage of their pay withheld ( though a key difference is the savings account if funded after-tax ). Bassam Saliba , CTO.

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DAVO Technologies Collects, Files, and Pays Sales Tax on Merchants’ Behalf

Fintech Labs Insights

Next, DAVO Technologies showed how its solution automatically collects, files, and pays sales tax on merchants’ behalf: “DAVO Sales Tax is the automated sales tax solution for small to mid-sized merchants. DAVO’s goal is to do for sales tax what ADP and Paychex did for payroll.” HQ: Portland, ME.

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39 Crypto Fintech Unicorns

Fintech Labs Insights

SMB Challengers: Rho Delivers Integrated Bank, Card & Payments Experience. Related Stories Top 21 Online Digital Accounting Services for Small Businesses (SMB): Jan 2022 The Fintech Unicorns of the 21st Century (Dec 2021) SMB Challengers: Rho Delivers Integrated Card, Payments & Checking Experience. Dec 2021 round.

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