Independent Banker

MAY 31, 2022

Fraud and cyber attacks are on the rise, and at great expense to the industry. Here are some ideas for strengthening fraud defenses. Fraud and cybercrimes continue to increase, causing challenges for community banks. Fraud-fighting recommendations. Illustration by Cnythzl/iStock. By William Atkinson.

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Community Bank Community Fraud Texas 134

PYMNTS

SEPTEMBER 23, 2019

Today I decided to change my iTunes credit card. It read my card well, but then when I saved the card, someone else’s credit card was saved! A woman’s from Illinois. I have her full name, billing address and last 4 digits of her credit card! I set everything up and it sure is a great phone.

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Apple Security Report Payments 193

PYMNTS

JANUARY 27, 2020

Illinois printed and mailed $1.3 Illinois could have saved an estimated $1 million by digitizing its payments. Advocates argue that digital funds deposited on debit cards are less prone to fraud and error, with speed and convenience for recipients. Not all states feel the same.

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PYMNTS

FEBRUARY 4, 2019

Former Israeli intelligence agents or military members have taken the knowledge they gained during their service and contributed to artificial intelligence (AI), fraud prevention and other efforts that do make — or can end up making — a difference in the daily lives of consumers. Department of Defense (DOD) or NATO , for instance.

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Independent Banker

SEPTEMBER 30, 2021

Here’s how two community banks are protecting their customers from falling victim to fraud. Mainly, the instances [of money mules] consisted of unemployment benefits fraud and were identified through our anti-money laundering [AML] detection system,” says Marlena Taglieri, the $7.7 Fighting fraud through education. Source: FBI.

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Community Bank Fraud Community Training 91

PYMNTS

AUGUST 16, 2019

Bluetooth has also changed the way thieves go about card skimming, with the ability to use smaller devices and download data over SMS. Card skimmers today are largely invisible to the eye, and with wireless Bluetooth technology, it’s easier for thieves to wirelessly download stolen data.

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NCR

SEPTEMBER 2, 2016

The belated introduction of EMV technology to the US payment industry is currently having a major impact on how merchants, payment providers and other stakeholders in the financial industry approach fraud. Meanwhile, the shift for Visa payment cards is set for precisely a year later. The impact of the shift.

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PYMNTS

JUNE 27, 2016

Do hacked retailers owe consumers compensation when their credit card data is hack? But that might be changing, as judges in Illinois and California are considering letting these lawsuits proceed. Moreover, retailers note, consumers are already covered against fraudulent charges by their issuers. Judges, however, are disagreeing.

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PYMNTS

APRIL 30, 2019

States are moving to tighten their biometric privacy laws, following the lead of Illinois, which has what are considered to be the strictest protections in the U.S. That’s not only because of the motivation to fight and prevent fraud, though that is certainly a big part of it.

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Fraud Illinois Regulation Online 161

PYMNTS

APRIL 15, 2019

To help build customer loyalty, eCommerce and brick-and-mortar retailers have a myriad of tools on hand: Cashiers can sign customers up for loyalty cards at brick-and-mortar stores, and eCommerce sites can send customers special offers and coupons by email. The machine also has a 21-inch screen that allows consumers to interact.

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NCR

AUGUST 4, 2016

The belated introduction of EMV technology to the US payment industry is currently having a major impact on how merchants, payment providers and other stakeholders in the financial industry approach fraud. Meanwhile, the shift for Visa payment cards is set for precisely a year later. The impact of the shift.

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ATM Fraud Illinois Cards 40

PYMNTS

DECEMBER 12, 2018

The city of Bakersfield, Illinois, for example, recently disclosed that cybercriminals had compromised the third-party website Click2Gov, used to process residents’ utility and municipal payments.

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Independent Banker

OCTOBER 31, 2022

“We have seen an increase in mobile and digital usage, like other banks,” Hancock says, “but these initiatives have helped expand that engagement from balance inquiries and funds transfers to more complex needs like money management and managing debit card security. “In William Atkinson is a writer in Illinois.

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NCR

FEBRUARY 2, 2016

The belated introduction of EMV technology to the US payment industry is currently having a major impact on how merchants, payment providers and other stakeholders in the financial industry approach fraud. Meanwhile, the shift for Visa payment cards is set for precisely a year later. The impact of the shift.

ATM 40

ATM Fraud Illinois Cards 40

PYMNTS

AUGUST 21, 2017

EST in South Carolina, there will be a total solar eclipse — with Idaho, Wyoming, Montana, Nebraska, Iowa, Kansas, Missouri, Illinois, Kentucky, Tennessee and Georgia all enjoying prime viewing slots between start and finish. Today, between 12:05 p.m. EST/9:05 a.m. PST in Oregon and 2:48 p.m.

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Apple Bitcoin South Carolina Montana 101

Gonzobanker

AUGUST 10, 2022

Gonzobankers might want to warn their customers that their credit card rewards may go away because the merchants’ favorite senator is at it again! Dick Durbin (D-IL) introduced legislation recently to require multiple networks for credit card transactions. Take the Delta Airlines Debit Card from Truist. cash back credit card.

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Cards Illinois United States Community 147

Fintech Labs Insights

FEBRUARY 13, 2017

Chicago-based anti-fraud, transaction monitoring specialist Rippleshot has raised an additional $2.6 Rippleshot co-founder and CEO Canh Tran said that the funding comes as his company finds itself “in a unique place to help bridge the fraud detection gap between issuers and merchants.” million in seed funding.

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Chicago Illinois Cards Fraud 17

Independent Banker

OCTOBER 29, 2014

Community banks will continue to have representation in the mobile payments field through the Visa and MasterCard networks, and ICBA Bancard, ICBA’s electronic payments services program for community banks, is working closely with the card networks on the launch of Apply Pay as well as on other digital developments. Fees follow.

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PYMNTS

DECEMBER 1, 2017

The ride-sharing company said that no Social Security numbers, credit card information, trip location details or other data were taken. Uber is also under investigation by the attorneys general of New York, Missouri, Massachusetts, Connecticut and Illinois. drivers’ license numbers.

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Fintech Labs Insights

AUGUST 15, 2016

Illinois-based BluePay will leverage CardFlight’s point-of-sale solution SwipeSimple to facilitate the launch of its EMV mobile processing offering. It also comes with an EMV chip reader to help merchants reduce losses from card fraud. At FinovateSpring 2013 CardFlight debuted its developer dashboard.

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Mobile Illinois New York Conference 12

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. WrkRiot’s short-lived house of cards falls down.

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Independent Banker

AUGUST 26, 2015

Indeed, FICO, the credit reporting company, reports that theft of debit-card information from bank ATMs increased 174 percent during the first quarter of 2015 over the same period in 2014. Collin Canright is a financial writer in Illinois. Attacks on nonbank machines jumped some 317 percent.

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ATM Security System Community Bank 70

Fintech Labs Insights

AUGUST 11, 2016

HQ: Chicago, Illinois. HQ: Chicago, Illinois. HQ: Chicago, Illinois. Tags: Consumer, payments, debit card, billpay, funds transfer, mobile, personal financial management, PFM. Source: Crunchbase. West Creek Financial. Consumer piont of purchase financing. Latest round: $25 million Debt. Total raised: $28.5 million ($3.5

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Fintech Labs Insights

JUNE 6, 2016

HQ: Chicago, Illinois. HQ: Chicago, Illinois. Online debit card security. Tags: SMB, payments, mobile, merchants, acquiring, credit/debit cards, mobile, POS. Fintech deals by size from May 7 to 13, 2016: Avant (AvantCredit UK). Consumer alt-lender. Latest round: $188 million Debt (for AvantCredit UK). Total raised: $1.92

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PYMNTS

MARCH 10, 2020

District Court for the Northern District of Illinois accusing Fifth Third of being fully aware that employees were opening accounts for customers without their knowledge since 2008. . The CFPB filed a complaint with the U.S.

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Los Angeles Illinois Meeting Retail 167

Fintech Labs Insights

MARCH 22, 2016

Emailage raised an undisclosed sum for its fraud prevention technology keyed off email address. HQ: Chicago, Illinois. Fraud solutions based on email addresses. Tags: Financial institutions, enterprises, security, fraud prevention, Wipro (strategic investor), Finovate alum. Alt-lender to students. Cumulus Funding.

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Independent Banker

SEPTEMBER 30, 2021

Once, before a holiday weekend, a customer messaged the bank to say that her ATM card wasn’t working. Ed Avis is a writer in Illinois. When someone asks a question or makes a comment on Heritage Bank & Trust’s social pages, Hill jumps in immediately. Hill arranged for a banker to call the customer after hours. “I Elizabeth Judd.

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Community Community Bank social media Security 139

PYMNTS

NOVEMBER 14, 2019

antitrust regulators are investigating Visa and Mastercard about their debit card policies, Bloomberg reported on Thursday (Nov. The inquiry could spell fresh regulatory trouble for the world’s two largest payments processors, which settled a protracted European Union antitrust probe in April this year over card fees.

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Cards Illinois Regulation Policies 176

Fintech Labs Insights

FEBRUARY 15, 2016

HQ: Chicago, Illinois. Underwrites & guarantees high-risk credit card transactions . HQ: Chicago, Illinois. Tags: SMB, POS, payments, credit/debit cards, restaurant merchants, acquiring. Source: Crunchbase. Maestro Health. Employee benefits and health insurance services. Latest round: $53 million. Source: Crunchbase.

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Company Fintech New York City Comparison 12

Fintech Labs Insights

MAY 21, 2015

Card-linked rewards & offers. Fraud protection solutions for the enterprise. HQ: Chicago, Illinois. Tags: Prepaid cards, gift cards. Source: NFC World. EDO Interactive. HQ: Nashville, Tennessee. Latest round: $20 million. Total raised: $93.5 Source: FT Partners. HQ: San Mateo, California. Latest round: $17.5

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CB Insights

AUGUST 25, 2017

Ultimately, the use cases for a transparent, verifiable register of transaction data are practically endless — especially since blockchain operates through a decentralized platform requiring no central supervision, while still remaining resistant to fraud. Gift cards and loyalty programs. Cybersecurity. Real estate.

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blockchain Industry Bitcoin Security 78